Disqualification of directors

Disqualification of directors,

Definition of Disqualification of directors:

  1. Anyone who is (1) personally bankrupt, (2) not bankrupt, or (3) disqualified by a court order for dishonesty or fraud is sentenced to imprisonment, as an administrator May be excluded from activities. However, a director who bankrupts a company is not usually automatically excused as a director of another company unless a criminal order prevents it. Disqualification orders are usually issued five years after the person is released or released from prison.

Meaning of Disqualification of directors & Disqualification of directors Definition