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In forceAmended2020 Revised Edition
Contents

Part 5 · Management and Administration

155E. Debarment under VCC Act

Amended

Last amended by an amending law of 2019.

(1)

A person who has a debarment order made against him or her under section 59 of the VCC Act must not —

(a)

except in respect of a company of which the person is a director immediately before the order was made — act as director of any company; or

(b)

except in respect of a company of which the person is a secretary immediately before the order was made — act as secretary of any company.

(2)

Subsection (1) applies from the date that the debarment order is made until such time as the Registrar cancels or suspends the order.

(3)

Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.

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Part 7

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Part 11

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Part 12

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