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Company Directors Disqualification Act 1986

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Version Superseded: 26/05/2015

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Part IIE+W+S Matters Applicable where Company has become Insolvent

Modifications etc. (not altering text)

C1Sch. 1 Pt. II applied (with modifications) by S.I. 2001/1090, reg. 4, Sch. 2 Pt. II

6E+W+SThe extent of the director’s responsibility for the causes of the company becoming insolvent.

7E+W+SThe extent of the director’s responsibility for any failure by the company to supply any goods or services which have been paid for (in whole or in part).

8E+W+SThe extent of the director’s responsibility for the company entering into any transaction or giving any preference, being a transaction or preference—

(a)liable to be set aside under section 127 or sections 238 to 240 of the Insolvency Act [F11986], or

(b)challengeable under section 242 or 243 of that Act or under any rule of law in Scotland.

Textual Amendments

F1Words in Sch. 1 para. 8(a) inserted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009) (S.I. 2009/1941), art. 2(1), {Sch. 1 para. 85(6)(b)} (with art. 10)

9E+W+SThe extent of the director’s responsibility for any failure by the directors of the company to comply with section 98 of the Insolvency Act [F21986] (duty to call creditors’ meeting in creditors’ voluntary winding up).

10E+W+SAny failure by the director to comply with any obligation imposed on him by or under any of the following provisions of the Insolvency Act [F31986]

(a)[F4paragraph 47 of Schedule B1] (company’s statement of affairs in administration);

(b)section 47 (statement of affairs to administrative receiver);

(c)section 66 (statement of affairs in Scottish receivership);

(d)section 99 (directors’ duty to attend meeting; statement of affairs in creditors’ voluntary winding up);

(e)section 131 (statement of affairs in winding up by the court);

(f)section 234 (duty of any one with company property to deliver it up);

(g)section 235 (duty to co-operate with liquidator, etc.).

Textual Amendments

F3Words in Sch. 1 para. 10 inserted (1.10.2009) by The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009) (S.I. 2009/1941), art. 2(1), {Sch. 1 para. 85(6)(b)} (with art. 10)

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