Amendment of Act of Sederunt (Company Directors Disqualification) 19864
1
The Act of Sederunt (Company Directors Disqualification) 198635 is amended in accordance with this paragraph.
2
In paragraph 1(3) (citation, commencement and interpretation)—
a
before the definition of “disqualification order” insert—
“the 1986 Act” means the Company Directors Disqualification Act 198636;
b
in the definition of “disqualification order”—
i
omit “Company Directors Disqualification Act”;
ii
after “1986” insert “Act”.
3
In paragraph 3 (applications for disqualification orders)—
a
in the cross-heading, after “disqualification” insert “or compensation”;
b
in sub-paragraph (1), for “Company Directors Disqualification Act 1986” substitute “1986 Act”; and
c
after sub-paragraph (1) insert—
1A
An application to the sheriff for—
a
a compensation order under section 15A of the 1986 Act (compensation orders and undertakings)37; or
b
variation or revocation of a compensation undertaking under section 15C of the 1986 Act (variation and revocation of compensation undertakings),
must be made by summary application.
4
In paragraph 4(2) (orders to furnish information or for inspection), for “Company Directors Disqualification Act 1986” substitute “1986 Act”.