Modification of Company Directors Disqualification Act 19862.

(1)

The Company Directors Disqualification Act 19863 is amended as follows.

(2)

After section 12A 4 (Northern Irish disqualification orders) insert–

“Northern Irish disqualification undertakings12B.

A person subject to a disqualification undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002–

(a)

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 High Court of Northern Ireland, and

(b)

shall not act as an insolvency practitioner.”.

(3)

In section 13 (criminal penalties) for “or 12A” substitute “, 12A or 12B”.

(4)

In section 14(1) (offences by body corporate) after “12A” insert “or 12B”.

(5)

In section 15 (personal liability for company’s debts where person acts while disqualified)–

(a)

in subsection (1)–

(i)

in paragraph (a) for “or 12A” substitute “, 12A or 12B”,

(ii)

in paragraph (b) after “1989” insert “or disqualification undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002”, and

(b)

in subsection (5) after “1989” insert “or disqualification undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002”.

(6)

In section 18(4A) (register of disqualification orders) at the end insert “or disqualification undertakings made under the Company Directors Disqualification (Northern Ireland) Order 2002”.