PART 1Companies etc
Directors
I1I241Section 40: amendments to clarify existing corresponding provisions
1
The Companies Act 2006 is amended as follows.
2
In section 156C (existing director who is not a natural person)—
a
in subsection (2), for “be a director” substitute “hold office by virtue of that appointment”
;
b
after subsection (2) insert—
2A
Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person—
a
purports to act as director, or
b
acts as shadow director.
3
In section 158 (power to provide for exceptions from minimum age requirement)—
a
in subsection (3), after “office” insert “by virtue of that appointment”
;
b
after subsection (3) insert—
3A
Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person—
a
purports to act as director, or
b
acts as shadow director.
4
Omit section 159 (which is spent).