What effect does a Disqualification Order have on an individual?

A Disqualification Order is a legal measure that prohibits an individual from being involved in the management of a company for a specified period. This is usually a consequence of misconduct or failure to comply with certain legal obligations while operating a company. By preventing the individual from managing any company, it aims to protect the interests of creditors and the public, ensuring that those who may not comply with their responsibilities as directors cannot jeopardize other businesses or stakeholders in the future.

This measure plays a crucial role in upholding corporate governance standards and ensures that individuals who are deemed unsuitable to hold management positions are restricted from doing so, thus promoting responsible management practices within the business community.