Director Restriction?

[Bobbi70]

Hi

If a liquidator applies to have a director restricted, what exactly does this mean? Should the director be given the reasons why the restriction is being sought? Can he appeal/defend it? How long does a restriction last? Will it cost the director financially?

Tks

 

[mandelbrot]

Have a look here, it's lengthy, but gets more detailed as it goes, so the first few paragraphs should answer most of your questions:
[broken link removed]