Disqualification undertaking
A formal agreement to accept director disqualification without the court making a disqualification order.
Related terms
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Disqualification order
A court order preventing a person from acting as a company director or taking part in company management for a specified period.
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Director disqualification
A legal restriction preventing someone from acting as a company director or taking part in company management for a set period.
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Company Directors Disqualification Act 1986
UK legislation that allows directors to be disqualified from acting in company management in specified circumstances, including certain misconduct linked to insolvency.
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