Companies Act 2014 section 143

Sanctions for contravention of section 142 and supplemental provisions

Section 143 sets out the penalties and consequences for breaching the limit on the number of directorships a person may hold, and provides supplemental rules for determining the order of appointments.

• A person who exceeds the permitted directorship limit commits a category 4 offence — it is the individual accepting the appointment, not the company, who is liable
• Any appointment that breaches the directorship limit is automatically void, but earlier valid appointments remain unaffected
• Each excess appointment counts as a separate offence
• Where multiple appointments are made simultaneously or cannot be distinguished in time, the order is deemed to follow the order in which the respective companies were registered

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