Tara is a director for both Oxy Sdn Bhd and Doxy Sdn Bhd. On July 2013, Oxy Sdn Bhd went into insolvency and one year later Doxy Sdn Bhd is having the same unfortunate ending. Advise Tara whether she can be a director for another company in 2015.

Would your answer be different if Doxy Sdn Bhd ceased operation instead of becoming insolvent? Discuss(10 marks)