The time limit for director disqualification can vary, with a range of between 2 and 15 years. Being a company director comes with a lot of legal responsibilities, and if you fail to meet these responsibilities, you may face disqualification from serving as a director.
There are several common reasons for director disqualification, including insolvency of the company, personal bankruptcy, misconduct, fraud, and criminal behaviour.
The specific time frame is determined based on the severity of the offense, with shorter disqualification periods being assigned for less serious misconduct and longer periods being reserved for more severe breaches such as fraud or criminal behavior.
It is important to understand the potential consequences of disqualification and take steps to avoid it in order to minimise the impact on your personal and professional life. This can be a major blow, so it’s important to be aware of the director disqualification time limit and take steps to avoid it.
How long does director disqualification last?
With over three decades of experience in the business and turnaround sector, Steve Jones is one of the founders of Business Insolvency Helpline. With specialist knowledge of Insolvency, Liquidations, Administration, Pre-packs, CVA, MVL, Restructuring Advice and Company investment.