Company director disqualification
You can be banned (바카라 사이트˜disqualified바카라 사이트™) from being a company director if you do not meet your legal responsibilities.
You can also be banned from being a company director if you바카라 사이트™re subject to director disqualification sanctions. Find out more about director disqualification sanctions.
Anyone can report a company director바카라 사이트™s conduct as being 바카라 사이트˜unfit바카라 사이트™.
바카라 사이트˜Unfit conduct바카라 사이트™ includes:
- allowing a company to continue trading when it can바카라 사이트™t pay its debts
- not keeping proper company accounting records
- not sending accounts and returns to Companies House
- not paying tax owed by the company
- using company money or assets for personal benefit
You바카라 사이트™re not usually allowed to be a company director if you바카라 사이트™re under restrictions from bankruptcy or a Debt Relief Order.
How disqualification works
The Insolvency Service may investigate your company (or you personally as a director of your company) if it바카라 사이트™s involved in insolvency proceedings or if there바카라 사이트™s been a complaint.
If they think you haven바카라 사이트™t followed your legal responsibilities as a director, they바카라 사이트™ll tell you in writing:
- what they think you바카라 사이트™ve done that makes you unfit to be a director
- they intend to start the disqualification process
- how you can respond
You can either:
- wait for The Insolvency Service to take you to court to disqualify you - you can defend the case in court if you disagree with The Insolvency Service
- give The Insolvency Service a 바카라 사이트˜disqualification undertaking바카라 사이트™ - this means you voluntarily disqualify yourself and ends court action against you
You may want to get legal advice if you get a letter about disqualification from The Insolvency Service.
Apart from The Insolvency Service, other bodies can apply to have you disqualified under certain circumstances, for example:
- Companies House
- the Competition and Markets Authority (CMA)
- the courts
- a company insolvency practitioner
If you바카라 사이트™re disqualified
You바카라 사이트™ll be disqualified for up to 15 years.
You cannot:
- be a director of any company registered in the UK or an overseas company that has connections with the UK
- be involved in forming, marketing or running a company
You could be fined or sent to prison for up to 2 years if you break the terms of the disqualification.
Your details will be published online in:
- - your details will automatically be removed from the database when your disqualification ends
- in the last 3 months, including details of why you were banned
You must ask a court for permission if you want to be a company director while you바카라 사이트™re disqualified. You can get help from a legal adviser.
Other restrictions
There are other restrictions if you바카라 사이트™re disqualified. For example, you might not be able to:
- sit on the board of a charity, school or police authority
- be a pension trustee
- be a registered social landlord
- sit on a health board or social care body
- be a solicitor, barrister or accountant
Read detailed guidance about director disqualification.
You can be prosecuted and become personally liable for the company바카라 사이트™s debts if you carry out company business on the instructions of someone who바카라 사이트™s disqualified.