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Section 216 of The Companies Act No. 17 of 2015: Disqualification for fraud or breach of duty committed while company in liquidation or under administration

    

(1) This section applies to holders of the following offices of, or in relation to,a company:
(a) an officer of the company;
(b) a liquidator or provisional liquidator of the company;
(c) if the company is under administration — the administrator,
(2) A court may make a disqualification order against a person who holds orformerly held an office to which this section applies if, while the company was under administration or in liquidation, it is satisfied that the person has, been found guilty of—
(a) fraud in relation to the company; or
(b) any breach of duty as the holder of such an office.
(3) The maximum period that can be imposed in a disqualification order made under this section is fifteen years

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Disclaimer: This document is not to be taken as legal advise.

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