Disqualification order

Disqualification order,

Definition of Disqualification order:

  1. Court order banning an individual for a stated period from becoming the director of a firm. When a business is declared bankrupt by a court, its current and past directors (those associated with the firm for a certain number of years usually three prior to bankruptcy) may be so disqualified if they are indicted for failure to discharge directors duties, or for fraud or misfeasance.

Meaning of Disqualification order & Disqualification order Definition