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(1)After section 12 of the M1Company Directors Disqualification Act 1986 there is inserted—
A person subject to a disqualification order under Part II of the M2Companies (Northern Ireland) Order 1989—
(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.”
(2)If provision is made in relation to Northern Ireland for undertakings corresponding to the disqualification undertakings provided for by section 6, the Secretary of State may by order made by statutory instrument make any modifications of the M3Company Directors Disqualification Act 1986, or any enactment amended by Part II of Schedule 4, which he considers necessary or expedient to give effect to those undertakings in relation to Great Britain.
(3)A statutory instrument containing an order under this section is to be subject to annulment in pursuance of a resolution of either House of Parliament.
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