Companies. [Ch. 31. No. 1.

subsection (1) of this section, every director of the company
who was knowingly a party to the carrying on of the business
in manner aforesaid, shall be liable on conviction on indict-
ment to imprisonment for one year.

(+) The Court may, in the case of any person in
‘spect of whom a declaration has been made under sub-
section (1) of this section, or who has been convicted of an
offence under subsection (3) of this section, order that that
person shall not, without the leave of the Court, be a
director of or in any way, whether directly or indirectly,
be concerned in or take part in the management of a company
for such period, not exceeding five years, from the date of
the declaration or of the conviction, as the case may be,
as may be specified in the order, and if any person acts
in contravention of an order made under this subsection
he shall, in respect of cach offence, be liable on conviction
indictment to imprisonmeni for two years, or on
summary conviction to imprisonment for six months or to
a fine of two thousand five hundred dollars, or to both such
imprisonment and fine.

In this subsection the expression the Court — in relation
to the making of an order, means the Court by which the
declaration was made or the Court before which the person

‘as convicted, as the case may be.

(5) For the purposes of this section, the expression

director ”’ shall include any person in accordance with

whose directions or instructions the directors of a company
have been accustomed to act.

(6) The provisions of this section shall have effect
notwithstanding that the person concerned may be criminally
liable in respect of the matters on the ground of which the
declaration is to be made, and where the declaration under
subsection (1) of this section is made in the case of a winding
up, the declaration shall be deemed to be a final judgment
within the meaning of paragraph (g) of subsection (1) of
section 3 of the Bankruptcy Ordinance.

(7) It shall be the duty of the Official Receiver or
of the liquidator to appear on the hearing of an application
for leave under subsection (4) of this section, and on the
hearing of an application under that subsection or under
subsection (1) of this section the Official Receiver or the

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