Amendment of Act of Sederunt (Company Directors Disqualification) 1986
4.—(1) The Act of Sederunt (Company Directors Disqualification) 1986(1) 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 1986(2);”; and
(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)(3); 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”.
S.I. 1986/2296, as amended by S.S.I. 2016/384.
Sections 15A and 15C were inserted by section 110 of the Small Business, Enterprise and Employment Act 2015 (c.26).