HomeFWJ TakeawayResourcesFAQ – What is a voluntary undertaking?

FAQ – What is a voluntary undertaking?

A voluntary undertaking is a simple procedure designed to streamline the disqualification process [section 1A of the Company Directors Disqualification Act 1986]. Essentially a person agrees not to act as a director for a set period of time based on a schedule of “agreed” unfit conduct in the liquidated company giving rise to the disqualification.  
 

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