Undischarged bankrupts
14.—(1) A person who is an undischarged bankrupt shall not, except with the leave of the High Court, act as director of, or directly or indirectly take part in or be concerned in the promotion, formation or management of, a company.
(2) The leave of the High Court shall not be given unless notice of intention to apply for it has been served on the official receiver andthe official receiver shall, if he is of opinion that it is contrary to the public interest that the application should be granted, attend on the hearing of the applicaton and oppose it.