This undertaking has a similar effect to a director disqualification order but it is entered into voluntarily without the need for court proceedings.
The Secretary of State must be satisfied that the director is unfit to take part in the management of a company and be prepared to admit to being disqualified before accepting a disqualification undertaking.
Top tip: A breach of a disqualification order can have criminal implication including imprisonment for up to 2 years and/or fine.
Top tip: Did you know that the undertakings are registered on a central register of disqualified directors to which the public have access?
Our team can assist you if you have concerns about how being disqualified as a director may impact your business or future business opportunities. If you would like to have a confidential discussion with a member of our team, if you complete our contact us form, we will call you back at a time that is suitable for you or you can contact us directly on 01908 414990.
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