Wondering if you can be a director again after your company has gone through liquidation? Here’s what you need to know about the rules, restrictions, and how to avoid common pitfalls.
The general rule
If your company has been liquidated, you are generally allowed to become a director of another company. However, there are important exceptions and restrictions.
When can you be restricted or disqualified?
1: Director disqualification
If your conduct as a director was found to be “unfit” (for example, failing to keep proper records, trading while insolvent, or acting dishonestly), the court can make a disqualification order. This means you cannot be a director, or take part in the management or formation of any company, for a set…