Section 12B Northern Irish disqualification undertakingsF1

United Kingdom

A person subject to a disqualification undertaking F2under section 8ZF or 8ZG so far as they extend to Northern Ireland or 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.

Annotations

Textual amendments

F1: S. 12B inserted (1.9.2004) by The Insolvency Act 2000 (Company Directors Disqualification Undertakings) Order 2004 (S.I. 2004/1941), art. 2(2) (with art. 1(2))
F2: Words in s. 12B inserted (22.2.2024) by Finance Act 2024 (c. 3), Sch. 13 para. 2(6) (with Sch. 13 para. 4(2))