Page 286 - AAA Integrated Workbook STUDENT S18-J19
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Chapter 193 4
4.3 Penalties
Fraudulent trading
Directors can be:
made personally liable for the debts of the company
disqualified as a director for between two and 15 years
imprisoned for up to ten years.
Wrongful trading
Directors can be:
made personally liable for the debts of the company
disqualified as a director for between two and 15 years.
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