Directors after strike off
Are directors liable after strike off?
The situation
Striking off ends the company, but directors may still be liable in some cases for conduct before the strike off.
The law
- Sec 344A, Companies Act 1967: Application to the Registrar to strike off a company
What it means for you
Claims for wrongful acts, unpaid debts the directors guaranteed personally, or breaches of duty can survive. Keep company records for the required period after strike off. Settle known debts before applying.
What to do
- Keep records.
- Settle debts.
- Advise.
- Close.
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