Companies Act 2014 section 860

Person acting under directions of disqualified person liable for debts of company

Section 860 deals with the personal liability for company debts that can be imposed on a person convicted of acting under the directions of a disqualified person.

• A person convicted on indictment of acting under the directions of a disqualified person may be held personally liable for company debts
• The court must determine that it is just to make such an order before imposing liability
• There is no cap on the amount of personal liability that may be imposed
• Liability is limited to debts and liabilities incurred during the period the person was illegally acting under the disqualified person's directions