Section 223 of The Companies Act No. 17 of 2015: Offence for undischarged bankrupts to act as director or secretary of company

    

(1) A person who, except with the leave of a court—(a) acts as a director or secretary of a company; and
(b) directly or indirectly participates in its promotion, formation or management, while an undischarged bankrupt commits an offence
(2) A court may not give leave under subsection (1) unless notice of intentionto apply for it has been served on the Official Receiver.
(3) If of the opinion that it would be contrary to the public interest for theapplication to be granted, the Official Receiver shall attend the hearing of the application and oppose it.
(4) A person found guilty of offence under subsection (1) is liable on convictionto a fine not exceeding five hundred thousand shillings or to imprisonment for a term not exceeding two years, or to both.


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

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