Disqualification for acting as receiver or manager
1 The following shall be substituted for section 31 of the Insolvency Act 1986 (receiver and manager: disqualification) -
"31 Disqualification of bankrupt
(1) A person commits an offence if he acts as receiver or manager of the property of a company on behalf of debenture holders while -
(a) he is an undischarged bankrupt,or
(b) a bankruptcy restrictions order is in force in respect of him.
(2) A person guilty of an offence under subsection (1) shall be liable to imprisonment, a fine or both.
(3) This section does not apply to a receiver or manager acting under an appointment made by the court."
Bankruptcy offences after discharge
2 After section 350(3) of the Insolvency Act 1986 (bankruptcy offences: general: no liability after discharge) there shall be inserted -
"(3A) Subsection (3) is without prejudice to any provision of this Chapter which applies to a person in respect of whom a bankruptcy restrictions order is in for
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