Q&As

What is the obligation on past directors to complete the Directors' Questionnaire on insolvency?

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Published on: 23 May 2017

Where a company enters into one of the applicable Insolvency processes (being, under section 234(1) of the Insolvency Act 1986 (IA 1986), administration, Administrative Receivership, liquidation, or provisional liquidation), any person may be required by the court to deliver up company property, books, papers or records to which the company appears to be entitled. Practice Note: Directors’ duties: companies in financial difficulties contains further information.

IA 1986, s 235 imposes a duty inter alia

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Jurisdiction(s):
United Kingdom
Key definition:
Directors definition
What does Directors mean?

A director of a company is responsible for the day-to-day management of that company. The directors make decisions on behalf of the company in order that it can carry on its business.

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