Regulations have introduced the key provisions of the Small Business, Enterprise and Employment Act 2015 (“the Act”) as regards its affect on Directors and Insolvency Practitioners. This introduces very important changes which will have a considerable impact on Directors and the position of Insolvency Practitioners acting as Administrators or Liquidators. The key changes are addressed
As from 1 October 2015, Regulations have introduced the key provisions of the Small Business, Enterprise and Employment Act 2015 (“the Act”) as regards its affect on Directors and Insolvency Practitioners. This introduces very important changes which will have a considerable impact on Directors and the position of Insolvency Practitioners
The disqualification regime applies to all directors. A director is not precisely defined in legislation but refers to all individuals who hold the position of director by whatever name called (section 250 Companies Act 2006). This includes: i) De Facto Directors – directors who are held out as directors or
Directors’ duties were codified by Part 10 of the Companies Act 2006: Chapter 1 of Part 10 (sections 154-169) sets out the laws relating to company Directors (appointment, register and removal). Chapter 2 of Part 10 (sections 170-180) sets out the statutory duties on Directors. The provisions of the Act
In this post we’ll take a look at the potential offences that may be committed by a director if they engage in the management of a company when they are under a bankruptcy order. We’ll therefore look at the following elements: When may a director be disqualified from taking part
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