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Which Act gives the court power to disqualify someone from being a director if they have been guilty of fraudulent trading or have been participating in wrongful trading?
Fraudulent Trading Act 2006
Companies Act 2006
Insolvency Act 1986
Company Directors Disqualification Act 1986
The Company Directors Disqualification Act 1986 was introduced partly to prevent directors of failed companies being able to walk away from the failed company without any personal liability towards the creditors and start a new company carrying on a very similar business. The court has the discretionary power to disqualify persons as directors for various reasons and in some circumstances it must disqualify them.
By: Srishti Gupta ProfileResourcesReport error
VINAY GARG
UK Company Law applies to us?
no, in India company act 2013 is applicable
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