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Version date: 4 March 2024 - onwards
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41 Section 40: amendments to clarify existing corresponding provisions

(1) The Companies Act 2006 is amended as follows.

(2) In section 156C (existing director who is not a natural person) -

(a) in subsection (2), for "be a director" substitute "hold office by virtue of that appointment";

(b) after subsection (2) insert -

"(2A) Nothing in this section affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of subsection (2), the person -

(a) purports to act as director, or

(b) acts as shadow director."

(3) In section 158 (power to provide for exceptions from minimum age requirement) -

(a) in subsection (3), after "office" insert "by virtue of that appointment";

(b) after subsection (3) insert -

"(3A) Nothing in subsection (3) affects any liability of a person under any provision of the Companies Acts or any other enactment, if, having ceased to hold office by virtue of that subsection, the person -

(a) purports to act as director, or

(b) acts as shadow director."

(4) Om

Comparing proposed amendment...