44 Withdrawal of privilege from body corporate [44 Further financial penalties on bodies corporate]

44  Withdrawal of privilege from body corporate [44 Further financial penalties on bodies corporate]

(1)ÌýÌýÌýÌý °Â³ó±ð°ù±ð—

(a)ÌýÌýÌýÌý a body corporate has been convicted of an offence under section 42 above, or

(b)ÌýÌýÌýÌý the name of a director of a body corporate has been erased from the register under section 27 above, or

(c)ÌýÌýÌýÌý a director of a body corporate has been convicted under section 38 or 41 above,

the Professional Conduct Committee may, subject to subsection (3) below, direct that the exemption conferred by section 43 above shall cease to extend to that body corporate as from such date as the Committee may specify.

(2)ÌýÌýÌýÌý °Â³ó±ð°ù±ð—

(a)ÌýÌýÌýÌý the name of a member of the operating staff of a body corporate has been erased from the register under section 27 above, and

(b)ÌýÌýÌýÌý in the opinion of the Professional Conduct Committee the act or omission constituting the offence or serious professional misconduct on account of which his name was erased was instigated or connived at by a director of the body corporate, or, if the act or omission was continuing act or omission, a director of the body corporate

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