Part 40 Company Directors: Foreign Disqualification etc (ss 1182-1191)
Part 40 Company Directors: Foreign Disqualification etc (ss 1182-1191)
Companies Act 2006 | Legislation

1182 Persons subject to foreign restrictions

(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

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