Want to understand director disqualification due to misconduct in 5 quick steps?

A disqualification ban under the Company Director Disqualification Act 1986 requires proven director misconduct making them unfit to hold the position. Bans can last from 2 to 15 years! There are numerous grounds for disqualification like failure to maintain proper accounting records, non-payment of HMRC tax liabilities, incompetence, fraudulent activity, improper record-keeping at Companies House, and more! Recognizing the implications of these actions can safeguard you against a disqualification order! Directors can also be banned over mishandling Covid loans, one among various disqualification scenarios! Know who can help. At LawLex Solicitors, we can help deal with those kinds of matters! So, know the law, recognize the misconduct, be aware of the consequences, and reach out to experts like us at LawLex Solicitors when you need assistance. Stay informed and protect your directorship!