directors' disqualification

directors' disqualification
Under the Company Directors' Disqualification Act 1986, a person may be disqualified from acting as a director by Court order. There are various grounds, either because they have committed offences relating to companies; because they are considered insolvent after being directors of unfit companies; or where for example they have been involved in wrongful trading. The court decides how long the disqualification lasts within the minimum and maximum for each category.

Easyform Glossary of Law Terms. — UK law terms.

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  • Company Directors Disqualification Act 1986 — Parliament of the United Kingdom Long title ... Statute book chapter 1986 c 46 …   Wikipedia

  • disqualification — dis·qual·i·fi·ca·tion /dis ˌkwä lə fə kā shən/ n 1: something that disqualifies or incapacitates 2: the act of disqualifying: state of being disqualified disqualification of a juror for bias Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

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  • disqualification — disqualify UK US /dɪˈskwɒlɪfaɪ/ verb [T] ► to officially stop someone from being in a competition or doing something because they are not suitable or they have done something wrong: »Of the enlistees who signed up last month, 12.3% required… …   Financial and business terms

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  • Trading while insolvent (UK) — In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors… …   Wikipedia

  • Trading while insolvent — is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company s assets. Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act… …   Wikipedia

  • Companies Act 2006 — The Companies Act 2006[1] Parliament of the United Kingdom Long title An Act to reform company law and restate the greater part of the enactments relatin …   Wikipedia

  • List of Statutory Rules of Northern Ireland, 2003 — This is an incomplete list of Statutory Rules of Northern Ireland in 2003.1 100* Income Related Benefits and Jobseeker s Allowance (Working Tax Credit and Child Tax Credit Amendment) Regulations (Northern Ireland) 2003 S.R. 2003 No. 1 * Plastic… …   Wikipedia

  • director — di·rec·tor n 1: the head of an organized group or administrative unit or agency 2: any of a group of persons usu. elected by shareholders and entrusted with the overall control of a corporation ◇ Directors owe a fiduciary duty to the shareholders …   Law dictionary

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