The daunting prospect of disqualification acts as a key deterrent to safeguard both the public and financial institutions from corporate misconduct.
This article focuses on directors’ disqualification in England and Wales, examining the causes and consequences under the Company Directors Disqualification Act 1986 (CDDA), including the impact of Schedule 13 of The Finance Act 2024 and The Economic Crime and Corporate Transparency Act 2023 (ECCTA).
What is the Effect of Directors’ Disqualification?
A disqualification order is a wide-ranging ban from engaging in several pivotal company activities, including:
- Serving as a director;
- Acting as a receiver of a company’s property;
- Forming or promoting a company, either directly or…
