Disqualification Orders and Undertakings
A court may, and under section 6 shall, make against a person a disqualification order, for a period specified in the order, providing that:
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- he shall not be a director of a company, act as receiver of a company’s property or in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of a company unless (in each case) he has the leave of the court, and
- he shall not act as an insolvency practitioner.(s.1)
The Secretary of State may also accept disqualification undertakings from such persons in specified circumstances, which will have similar effect.(s.1A)
Read more about this topic: Company Directors Disqualification Act 1986
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