1184 Disqualification of persons subject to foreign restrictions
Companies Act 2006 | Legislation

Power to disqualify

1184  Disqualification of persons subject to foreign restrictions

(1)     The Secretary of State may make provision by regulations disqualifying a person subject to foreign restrictions from—

(a)     being a director of a UK company,

(b)     acting as receiver of a UK company's property, or

(c)     in any way, whether directly or indirectly, being concerned or taking part in the promotion, formation or management of a UK company.

(2)     The regulations may provide that a person subject to foreign restrictions—

(a)     is disqualified automatically by virtue of the regulations, or

(b)     may be disqualified by order of the court on the application

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