Professional Documents
Culture Documents
Research Paper 2
Research Paper 2
Exceptions
Where a shareholder/director has signed a personal guarantee for a company
loan.
Where the shareholder/director has signed surety
Reckless Trading. [Section 22 of the Companies Act].
Disposing of company assets for free or for below market value during or
leading up to insolvency.
Creating an overdrawn director’s loan account
Fraud has been committed.