trading certificate — OpenTuition Forums

SAsyed ali10y ago

if company trades before the certificate is issued the directors are personally liable if the company defaults within 21 days of due date mike in this statement company defaults within 21 days of due date means please explain this statement

MikeLittleTutor10y ago#1

A supplier to the public company, after incorporation but before the company has been given its trading certificate, has now asked for payment. The company doesn't pay within 21 days so the supplier can hold the directors personally responsible

SAsyed ali10y ago#2

thanks mike

MikeLittleTutor10y ago#3

You're welcome

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