Disqualification of company directors etc.
I15 Disqualification orders.
1
In section 1 of the M1Company Directors Disqualification Act 1986 (disqualification orders: general), in subsection (1), for the words following “an order that” there is substituted
for a period specified in the order—
a
he shall not be a director of a company, act as receiver of a company’s property or in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of a company unless (in each case) he has the leave of the court, and
b
he shall not act as an insolvency practitioner.
2
At the end of subsection (2) of that section there is inserted “
and, unless the court otherwise orders, the period of disqualification so imposed shall begin at the end of the period of 21 days beginning with the date of the order
”
.
3
In section 22 of that Act (interpretation), at the end there is inserted—
10
Any reference to acting as receiver—
a
includes acting as manager or as both receiver and manager, but
b
does not include acting as administrative receiver;
and “receivership” is to be read accordingly.