The Official Receiver obtained 6 disqualification orders during the period.
The directors’ misconducts involved, amongst others, failure to fully cooperate with the liquidators and the Official Receiver, failure to ensure due payments of wages and/or other payments to employees, failure to ensure due payments of Mandatory Provident Fund contributions and/or surcharges for employees, entering into transactions voidable under section 182 of Cap.32 for the director’s own benefit, failure to comply with the Trade Description Ordinance, Cap. 362 in the conduct of business, failure to submit Statement of Affairs and failure to keep proper accounting records contrary to section 274 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap. 32, and sections 373 and 377 of the Companies Ordinance, Cap. 622.
The period of the disqualification orders ranged from 2.5 to 5 years.
For further statistics on the director disqualification cases, please click here.