§ Mr. Mike HancockTo ask the Secretary of State for Trade and Industry in what circumstances she is able to take action to debar directors of companies; and what plans she has to extend those powers. [146514]
§ Mr. SutcliffeFollowing a company going into liquidation, administration or administrative receivership or an investigation into its affairs under the Companies Act 1985 or Financial Services and Markets Act 2000, if it appears to the Secretary of State that it is expedient in the public interest, she may apply to the court for an order (or accept an undertaking) under the Companies Directors Disqualification Act 1986 which disqualifies an individual from being a director of any company for a period of up to 15 years.
The court may also disqualify a director who is guilty of certain offences in relation to companies, persistent breaches of company legislation or a breach of competition law.
There no plans to amend these powers.