What is prohibited for a disqualified director?
Published by a LexisNexis Restructuring & Insolvency expert
Practice notesWhat is prohibited for a disqualified director?
Published by a LexisNexis Restructuring & Insolvency expert
Practice notesHow can a director be disqualified?
There are many ways in which a director may be disqualified, from the various sections under the Company Directors Disqualification Act 1986 (CDDA 1986) to the Insolvency Act 1986 (IA 1986) disqualifications, including disqualification as a bankrupt and under a bankruptcy restrictions order (BRO) or undertaking (BRU). For further reading, see Practice Notes:
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Practice Note: How can a director be disqualified as a company director?
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Bankruptcy restrictions orders and undertakings—overview
It is not intended in this Practice Note to consider all restrictions imposed by a BRO, BRU or bankruptcy. For full details of these, see separate Practice Note: Effect and duration of bankruptcy restrictions orders (BROs).
This Practice Note covers restrictions imposed from a disqualification under CDDA 1986, s 6.
This Practice Note does not cover the restrictions imposed by IA 1986, s 216 concerning prohibited names. For further reading on these restrictions, see Practice Note: Prohibited names under section 216 of the Insolvency Act 1986.
Restrictions arising from disqualification under the CDDA 1986
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