Clause 14

Section 149 of the Companies Act is amended by inserting, immediately after subsection (12), the following subsections:“(13) Nothing in this section shall prevent a person who is disqualified pursuant to an order made under subsection (1) from applying for leave of the Court to be concerned in or take part in the management of a company.(14) On the hearing of an application made under subsection (13) or (15), the Minister or the Official Receiver shall appear (and for this purpose the Minister may be represented) and call attention of the Court to any matter which appears to him to be relevant to the application and may himself give evidence or call witnesses.(15) Any right to apply for leave of the Court to be concerned or take part in the management of a company that was subsisting immediately before the date of commencement of the Companies (Amendment) Act 1989 shall, after that date, be treated as subsisting by virtue of the corresponding provision made under this section.”.