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04/09/2003
'Unfit' company directors’ targeted by new law
A new law is set to be introduced in Northern Ireland tomorrow which will target the "unfitness" of company directors and their roles within business.
The Company Directors’ Disqualification (Northern Ireland) Order 2002 amends and consolidates the existing law relating to the disqualification of company directors.
It introduces new provisions to allow disqualification by administrative consent as an alternative to High Court proceedings where there is evidence of unfitness on the part of a director and where that director is not disputing his unfitness.
In such cases it will allow the Department of Enterprise, Trade and Investment to accept an undertaking from the director not to act as a director for a specific period. An undertaking will also have the same legal effects as a disqualification order.
The Company Directors’ Disqualification Order began as a Bill of the Northern Ireland Assembly, and converted to an Order in Council to be progressed through the Westminster legislative process. It received Royal Assent last December.
Under current disqualification legislation the Department can bring High Court disqualification proceedings against those directors of failed companies who have abused the privilege of limited liability status through negligence, incompetence or lack of commercial probity. The legislation contained in the Companies (NI) Order 1989 is for the protection of the public and the trading community but its operation should not inhibit genuine enterprise.
(MB)
The Company Directors’ Disqualification (Northern Ireland) Order 2002 amends and consolidates the existing law relating to the disqualification of company directors.
It introduces new provisions to allow disqualification by administrative consent as an alternative to High Court proceedings where there is evidence of unfitness on the part of a director and where that director is not disputing his unfitness.
In such cases it will allow the Department of Enterprise, Trade and Investment to accept an undertaking from the director not to act as a director for a specific period. An undertaking will also have the same legal effects as a disqualification order.
The Company Directors’ Disqualification Order began as a Bill of the Northern Ireland Assembly, and converted to an Order in Council to be progressed through the Westminster legislative process. It received Royal Assent last December.
Under current disqualification legislation the Department can bring High Court disqualification proceedings against those directors of failed companies who have abused the privilege of limited liability status through negligence, incompetence or lack of commercial probity. The legislation contained in the Companies (NI) Order 1989 is for the protection of the public and the trading community but its operation should not inhibit genuine enterprise.
(MB)
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18 March 2005
University funding to be discussed at Queen’s
The future management of university funding in the UK will be debated at a major national conference at Queen's University next week. Around 120 finance chiefs from universities throughout the UK and Ireland will be visiting the campus for the annual conference of the British Universities Finance Directors Group (BUFDG).
University funding to be discussed at Queen’s
The future management of university funding in the UK will be debated at a major national conference at Queen's University next week. Around 120 finance chiefs from universities throughout the UK and Ireland will be visiting the campus for the annual conference of the British Universities Finance Directors Group (BUFDG).
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Newry Directors File Disqualification Undertakings
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10 January 2002
High Court ban for local company directors
Three local people have been disqualified from being company directors following appearances in the High Court. Margaret Sinclair Allen from Lisburn was disqualified from being a company director for five years as a result of her conduct as a director of Mayfayre Fine Foods Limited, Lisburn.
High Court ban for local company directors
Three local people have been disqualified from being company directors following appearances in the High Court. Margaret Sinclair Allen from Lisburn was disqualified from being a company director for five years as a result of her conduct as a director of Mayfayre Fine Foods Limited, Lisburn.
12 December 2001
Husband and wife team disqualified from being company directors
A husband and wife team have been disqualified from being company directors by the High Court. Edward Manning Junior and Angela Manning, from Belfast, were disqualified for eight years and four years respectively as a result of their conduct as directors of Kennedy Way Karparts Limited.
Husband and wife team disqualified from being company directors
A husband and wife team have been disqualified from being company directors by the High Court. Edward Manning Junior and Angela Manning, from Belfast, were disqualified for eight years and four years respectively as a result of their conduct as directors of Kennedy Way Karparts Limited.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
