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Part V Directors’ Particular Functions and Duties, 26 Accounting Records and Disclosure Requirements

Stephen Robins KC, Peter Burgess

From: Company Directors: Duties, Liabilities, and Remedies (4th Edition)

Edited By: Mark Arnold KC, Simon Mortimore KC

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 23 July 2024

Approved person — Conduct of business regulation — Regulated persons

This chapter covers the functions, responsibilities, and liabilities of company directors in relation to accounting records, the requirements for disclosure of annual accounts and reports, and audits. It explores the criminal and civil liabilities of directors where there is a contravention of the provisions. The court and the Secretary of State have the power to determine whether a person’s conduct as a director of one or more companies or overseas companies makes him unfit to be concerned in the management of a company. Moreover, non-compliance with the requirements is a very common basis for a finding of unfitness warranting disqualification. The chapter also looks into the provision of information to the registrar.

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