It is an offence for a person to act as director of a company1 or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company, without the permission of the court, at a time when: (1) the person is an undischarged bankrupt; (2) a moratorium period under a debt relief order applies in relation to the person2; or (3) a bankruptcy restrictions order or undertaking3 or a debt relief restrictions order or undertaking4 is in force in respect of the person5.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234