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restriction of directors (directors (appointment (no formal qualifications…
restriction of directors
directors
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de facto director - occupies position, but never formally appointed
Shadow director
not formally appointed, in effect managing the company
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applicant
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before it was compulsory liquidator was reluctant at times -expensive, slow process - costs may fall upon the liquidator
whats involved
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can be director if have allotted share capital of no less then 500,000 for public limited company and 100,000 for any other company
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voluntary restriction
852 - volunteer, less reputations damage and expense
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