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Disqualified (cases (Bovale Developments v Bailey - Bovale Construction…
Disqualified
cases
PSK Construction respondent director inexperienced in business, suffered losses, a downward spiral, conscious decision to under declare - hoped to trade out of difficulties- did not succeed - reckless manner - disqualified for 7 years
Readymix Cahill v Grimes director acted as liquidator despite not being appointed to the position - threw books in bin - honest - disqualified for 7 years
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Bovale Developments v Bailey - Bovale Construction group collapse, run by 2 brothers, systematic falsification of accounts - guilty of fraud - reduced to 7 years from 14 years
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period of disqualification - reflect gravity of conduct or wrongdoing - excess of 10 years for particularly serious cases
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Re Cladroe
lack of commercial probity, rip off the public, shelter totally rash and unjustified venture
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838 - disqualified from acting as director, other officer, statutory auditor, receiver, liquidator, examiner
Kentford Securities penal consequence, court must feel high degree of confidence
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