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Companies Act 2006

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Changes over time for: Section 1182

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Point in time view as at 03/10/2022.

Changes to legislation:

Companies Act 2006, Section 1182 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

1182Persons subject to foreign restrictionsU.K.

This section has no associated Explanatory Notes

(1)This section defines what is meant by references in this Part to a person being subject to foreign restrictions.

(2)A person is subject to foreign restrictions if under the law of a country or territory outside the United Kingdom—

(a)he is, by reason of misconduct or unfitness, disqualified to any extent from acting in connection with the affairs of a company,

(b)he is, by reason of misconduct or unfitness, required—

(i)to obtain permission from a court or other authority, or

(ii)to meet any other condition,

before acting in connection with the affairs of a company, or

(c)he has, by reason of misconduct or unfitness, given undertakings to a court or other authority of a country or territory outside the United Kingdom—

(i)not to act in connection with the affairs of a company, or

(ii)restricting the extent to which, or the way in which, he may do so.

(3)The references in subsection (2) to acting in connection with the affairs of a company are to doing any of the following—

(a)being a director of a company,

(b)acting as receiver of a company's property, or

(c)being concerned or taking part in the promotion, formation or management of a company.

(4)In this section—

(a)company” means a company incorporated or formed under the law of the country or territory in question, and

(b)in relation to such a company—

  • director” means the holder of an office corresponding to that of director of a UK company; and

  • receiver” includes any corresponding officer under the law of that country or territory.

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