{"id":6504,"date":"2021-02-22T15:00:10","date_gmt":"2021-02-22T07:00:10","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=6504"},"modified":"2022-03-11T15:30:57","modified_gmt":"2022-03-11T07:30:57","slug":"disqualification-of-director","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/disqualification-of-director\/","title":{"rendered":"Disqualification of Director"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/02\/disqualified.jpg\" alt=\"\" class=\"wp-image-6553\" width=\"249\" height=\"195\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/02\/disqualified.jpg 642w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/02\/disqualified-300x235.jpg 300w\" sizes=\"(max-width: 249px) 100vw, 249px\" \/><\/figure>\n\n\n\n<p><strong>WHAT IS DISQUALIFICATION <\/strong><\/p>\n\n\n\n<ul><li>Refer to person who is prohibited from acting as director and being involvement in the company management regardless directly or indirectly<\/li><\/ul>\n\n\n\n<p><strong>HOW WILL THE DISQUALIFIED DIRECTOR BEEN NOTIFIED<\/strong><\/p>\n\n\n\n<ul><li>ACRA\nwill send notification letter with displayed of disqualified period ( starting\ndate and ending date ) <\/li><\/ul>\n\n\n\n<ul><li>Disqualification by bankruptcy will notified by Official Assignee separately.<\/li><\/ul>\n\n\n\n<p><strong>REASON OF DISQUALIFICATION <\/strong><\/p>\n\n\n\n<p>The director may be\ndisqualified due to the following reasons: <\/p>\n\n\n\n<ul><li>undischarged <strong>BANKRUPTCY <\/strong><\/li><li>Has been convicted for an offence involving <strong>FRAUD<\/strong> or <strong>DISHONESTLY<\/strong> that carrier an imprisonment term of 3 months or more <\/li><li>Has been convicted 3 or more <strong>ACRA FILING OFFENCE<\/strong> <\/li><li>Has 3 or more companies that were <strong>STRUCK OFF BY ACRA <\/strong>within 5 year<\/li><\/ul>\n\n\n\n<p><strong>PERIOD OF DISQUALIFICATION <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"689\" height=\"750\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/01\/VVV.png\" alt=\"\" class=\"wp-image-6506\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/01\/VVV.png 689w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/01\/VVV-276x300.png 276w\" sizes=\"(max-width: 689px) 100vw, 689px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>WILL THE DISQUALIFICATION SEARCHABLE BY THE PUBLIC<\/strong><\/p>\n\n\n\n<p><strong>YES<\/strong>, Disqualified Director will shown on Bizfile and personal Profile and is accessible by Public<\/p>\n\n\n\n<p><strong>WILL THE RELEVANT COMPANY NOTIFIED ABOUT ITS DISQUALIFIED DIRECTOR &nbsp;<\/strong><\/p>\n\n\n\n<p><strong>NO<\/strong>. Relevant disqualified director should update the Company.<\/p>\n\n\n\n<p>Affected Company should take the necessary compliance action such as remove him as company director .<\/p>\n\n\n\n<p><strong>WILL I BEEN NOTIFIED WHEN THE DISQUALIFIED PERIOD IS END <\/strong><\/p>\n\n\n\n<p><strong>NO.<\/strong> Disqualified period is stated on ACRA register and ACRA notification letter ( except disqualification by Bankruptcy) <\/p>\n\n\n\n<p><strong>CAN DISQUALIFIED DIRECTOR BECOME SHAREHOLDER<\/strong><\/p>\n\n\n\n<p><strong>YES<\/strong> he still can hold any company share\nin normal circumstance.\n\nBut ,&nbsp; if\naffected Company\u2019s &nbsp;constitution required\nhim to sell the share upon cessation of his directorship, then he must do so \n\n\n\n<\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.straitstimes.com\/singapore\/acra-to-name-disqualified-directors-in-public-register\">here<\/a> for the Related News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHAT IS DISQUALIFICATION Refer to person who is prohibited from acting as director and being involvement in the company management regardless directly or indirectly HOW WILL THE DISQUALIFIED DIRECTOR BEEN NOTIFIED ACRA will send notification letter with displayed of disqualified period ( starting date and ending date ) Disqualification by bankruptcy will notified by Official<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[395],"tags":[402,403,401],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Disqualification of Director<\/title>\n<meta name=\"description\" content=\"Disqualification of Director is the new regulation apply to those director who are FAIL in compliance matters with authorities .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.biztreemgmt.com\/wordpress\/disqualification-of-director\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disqualification of Director\" \/>\n<meta property=\"og:description\" content=\"Disqualification of Director is the new regulation apply to those director who are FAIL in compliance matters with authorities .\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.biztreemgmt.com\/wordpress\/disqualification-of-director\/\" \/>\n<meta property=\"og:site_name\" content=\"Biztree Management\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-22T07:00:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-11T07:30:57+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2021\/02\/disqualified.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#organization\",\"name\":\"biztree management pte ltd\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2022\/02\/BizTree_Logo_200.png\",\"contentUrl\":\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2022\/02\/BizTree_Logo_200.png\",\"width\":200,\"height\":200,\"caption\":\"biztree management pte ltd\"},\"image\":{\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#website\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/\",\"name\":\"Biztree Management\",\"description\":\"Got question ? 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