- Enforced by
- Companies House, FRC, Insolvency Service
- Status
- Amended (in force with amendments)
- Penalty ceiling
- Imprisonment 2 of 12 obligations carry up to 2 years imprisonment. 1 carries different penalties and 9 have no criminal penalty — flagged in the list below.
Does it bind you?
Business-side roles with duties under this instrument.
Plus 3 duties on the regulator, Crown ministers and public bodies — folded into the section list below.
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Director or Officer — also bound by 429 other Acts
Any Person — also bound by 2340 other Acts
What it requires
Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
- Misconduct or fraud during company liquidationDirector or Officer
Other duties (1) — Crown / regulator
- Courts must disqualify unfit directors of insolvent or dissolved companiesTribunal / Court
Other duties (1) — Crown / regulator
- Courts must disqualify directors of wound-up tax avoidance promotersTribunal / Court
- Avoid competition law breaches to prevent director disqualificationDirector or Officer
- Act as a director while bankrupt or under debt restrictionsAny Person
- Acting as a director while subject to sanctionsDirector or Officer
- Do not act as a director if your county court administration order is revokedAny Person
- Do not act as a director or manager if disqualified in Northern IrelandDirector or Officer
- Comply with Northern Irish disqualification undertakingsDirector or Officer
- Act as a director while disqualifiedAny Person
- Company acts in breach of a director disqualification orderAny Person
Other duties (1) — Crown / regulator
- Notify the subject of a disqualification order applicationCrown / Minister / Government department
50 other provisions — procedural and definitional
Schedules
0 of 27 shown27 other schedules
Help complying
Guvnor’s practical routes through this instrument.
Explore business rescue and insolvency options
Understand your options when your company faces financial difficulty - from rescue procedures to formal insolvency, your duties as a director, and …
Change your business structure
Navigate the process of changing your business's legal structure - from sole trader to limited company, partnership, or LLP
Close your company
Choose the right route to close your limited company - voluntary strike-off, Members' Voluntary Liquidation, or dealing with debts
Address an FCA threshold-conditions concern
What to do when FCA supervision has raised a concern that your firm no longer satisfies the threshold conditions. Covers diagnosing the …
Quick perimeter check: do I need FCA authorisation?
A 10-minute perimeter check for founders unsure whether their proposition is a regulated activity. Routes you to the perimeter explainer, the appointed …
Check before appointing company directors
How to verify a person is eligible to be a company director before you appoint them. Covers the disqualified directors register, bankruptcy …
Director disqualification - what you need to know
How company directors can be disqualified under the Company Directors Disqualification Act 1986, the grounds for disqualification (sections 2-10), disqualification periods from …
Your duties as a company director
The seven general duties every company director must follow under the Companies Act 2006, with guidance on stakeholder considerations, filing deadlines, conflicts …
3 more guides that reference this instrument
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.