8 Disqualification after investigation of company. E+W+S
(1)If it appears to the Secretary of State from a report made by inspectors under section 437 of the Companies Act [F1or section 94 or 177 of the Financial Services Act 1986], or from information or documents obtained under section 447 or 448 of [F2the Companies Act or section 105 of the Financial Services Act 1986][F3or section 2 of the Criminal Justice Act 1987][F4or [F5section 28 of the Criminal Law (consolidation) (Scotland) Act 1995]][F6or section 83 of the Companies Act 1989], that it is expedient in the public interest that a disqualification order should be made against any person who is or has been a director or shadow director of any company, he may apply to the court for such an order to be made against that person.
(2)The court may make a disqualification order against a person where, on an application under this section, it is satisfied that his conduct in relation to the company makes him unfit to be concerned in the management of a company.
(3)In this section “the court” means the High Court or, in Scotland, the Court of Session.
(4)The maximum period of disqualification under this section is 15 years.
Textual Amendments
F1Words inserted by Financial Services Act 1986 (c. 60, SIF 69), s. 198(2)(a)
F2Words substituted by Financial Services Act 1986 (c. 60, SIF 69), s. 198(2)(b)
F3Words inserted (12.10.1988) by Criminal Justice Act 1988 (c. 33, SIF 39:1), s. 145(b)
F4Words inserted by Criminal Justice (Scotland) Act 1987 (c. 41, SIF 39:1), s. 55(b)
F6Words inserted by Companies Act 1989 (c. 40, SIF 27), ss. 79, 213(2)
Modifications etc. (not altering text)
C1S. 8 extended (with modifications) by S.I. 1986/2142, art. 6
C2S. 8 extended (with modifications) (1.7.1989) by S.I. 1989/638, regs. 20, 21
C3S. 8 applied (with modifications) (1.12.1994) by S.I. 1994/2421, art. 16, Sch. 8