directors disqualification

One of the appealing benefits of running a limited company is the ability for directors to receive the majority of their remuneration as dividends. This method is typically more tax efficient than taking a salary solely through PAYE. However, the timing and legality of dividend payments must be carefully considered to avoid the risk of…

Facing a misfeasance claim as a company director can be a daunting and stressful experience. Misfeasance, as defined by section 212 of the Insolvency Act 1986, occurs when a director or ex-director misapplies, misappropriates, retains, or becomes accountable for a company’s money or property. The implications are serious, often involving allegations of misconduct, dishonesty, or…

When a company director’s conduct is deemed unfit, the consequences can be severe. Disqualifying a director is a legal measure that prohibits directors from engaging in certain activities, and the grounds for disqualification are diverse. Grounds for Disqualification: Under the Company Directors Disqualification Act 1986, directors can face disqualification if they are found guilty of…