(1) Where the Director has reason to believe that a director of a company is an undischarged bankrupt, the Director may require the director of the company to produce by a specified date a sworn statement of all relevant facts pertaining to the company director's financial position, both within the State and elsewhere, and, in Particular, to any matter pertaining to bankruptcy as at a Particular date.
(2) The court may, on the application of the Director, require a director of a company who has made a statement under subsection (1) to appear before it and answer on oath any question pertaining to the content of the statement.
(3) The court may, on the application of the Director, make a disqualification order (as defined in section 159 of the Companies Act, 1990) against a director of a company on the grounds that he is an undischarged bankrupt.
(4) A director of a company who fails to comply with a requirement under subsection (1) shall be guilty of an offence.