Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 6 · Management and Administration
61A. Debarment under Companies Act 1967
Feedback & supportLast amended by an amending law of 2019.
A person who has a debarment order made against him or her under section 155B of the Companies Act 1967 must not —
except in respect of a VCC of which the person is a director immediately before the making of the order, act as director of any VCC; or
except in respect of a VCC of which the person is a secretary immediately before the making of the order, act as secretary of any VCC.
Subsection (1) applies from (and including) the date that the debarment order is made until such time as the Registrar of Companies cancels or suspends the order under the Companies Act 1967.
Registrar
“Registrar” means the Registrar of VCCs appointed under this Act, and includes any Deputy or Assistant Registrar of VCCs;
A 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.