231. Consequences of termination or modification of certain agreements

the order shall not give rise to any claim whatsoever against the company by any person for damages or for compensation for loss of office or in any other respect, either in pursuance of the agreement or otherwise; and

no managing director or other director, agent, secretary or manager whose agreement is so terminated or set aside and no person who, at the date of the order terminating or setting aside the agreement was or subsequently becomes an associate of such agent or secretary shall, for a period of five years from the date of the order terminating the agreement, be appointed or act as the managing director or other director, agent, secretary or manager of the company, unless with the leave of the court.

Any person who knowingly acts as a managing director or other director, agent or secretary or manager of a company in contravention of the provisions of paragraph (b)

Where an offence under the provisions of this section is committed by a body of persons—

if the body of person is a body corporate, every director and officer of that body corporate; or

if the body of person is a firm, every partner of the firm, shall be deemed to be guilty of such offence: