108Unfit directors of insolvent companies: extension of period for applying for disqualification orderU.K.
This section has no associated Explanatory Notes
(1)In section 7(2) of the Company Directors Disqualification Act 1986 (period within which application may be made for disqualification order against unfit director of insolvent company), for “2 years” substitute “ 3 years ”.
(2)Subsection (1) applies only to an application relating to a company which has become insolvent after the commencement of that subsection.
(3)Section 6(2) of the 1986 Act (meaning of “becoming insolvent”) applies for the purposes of subsection (2) as it applies for the purposes of section 6 of that Act.
Commencement Information
I1S. 108 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(c)