HC Deb 08 November 1982 vol 31 c19W
27. Mr. Squire

asked the Minister for Trade if he will introduce legislative proposals to protect the public from those who fraudulently trade as limited companies.

Dr. Vaughan

In July, under the Companies Act 1981, we extended the power of a Crown court to disqualify directors from five years to 15 years; and for the first time for a magistrates' court to disqualify for up to five years. I am now considering the possibility of taking up the Cork committee recommendation for the introduction of civil liability for wrongful trading and also further provisions about the disqualification of directors.

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