Microenterprise Loan Fund Act 2012
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Disqualification for office of director of subsidiary. |
14.— (1) A director of the subsidiary shall cease to be qualified and cease to be a director of the subsidiary if he or she— | |
(a) is adjudicated bankrupt, | ||
(b) makes a composition or arrangement with creditors, | ||
(c) is sentenced by a court of competent jurisdiction to a term of imprisonment, | ||
(d) is convicted of any indictable offence in relation to a company, | ||
(e) is convicted of an offence involving fraud or dishonesty, whether in connection with a company or not, or | ||
(f) is the subject of an order under section 160 of the Companies Act 1990 . | ||
(2) This section is in addition to, and not in substitution for, any provision of the Companies Acts by virtue of which a person is not qualified for, or shall cease to be, a director of a company. |