As a director of a company that entered Compulsory Liquidation or Creditors’ Voluntary Liquidation, you’ll be banned for five years from involvement with any company or other type of business with the same – or similar name – to the failed company.
One month isn’t a trend, but three and we’re getting there.
C., in 1895 as a buyer/seller of tobacco, he foresaw that the larger companies would dominate the tobacco industry, so he decided to start his own business.
During that time, there were four buggy manufacturers in Henderson, and Corbitt was the only survivor. It was a Corbitt that pulled Howard Hughes’ huge airplane, the “Spruce Goose,” from its hanger at Long Beach, Calif., in the 1940s. During World War II, Corbitt built 5,500 six-ton 6×6 prime mover trucks for the U. Corbitt built five prototypes of a truck for the Army whose looks were modern, even by today’s standards.
Corbitt was a small enough company that it could make quick modifications for the Army.
When the Army demanded an all-steel cab, Corbitt discontinued the wooden-frame cab from the 30s and built nothing but all steel cabs from World War II WII on.
When a liquidator is appointed, most of your powers as a director will cease.During the liquidation you are allowed to act as the director of another company unless you are subject to a disqualification order, have given a disqualification undertaking or are an undischarged bankrupt.A disqualified person needs permission from the court to act as a director or to take part in promoting, forming or managing a company.This trend has had a noticeable impact in markets that have seen a sudden surge of Mainland Chinese buyers.Foreign exchange reserves rose for the third month in a row.