Small Business, Enterprise and Employment Act 2015 (c. 26)

SCHEDULES

SCHEDULE 9 Abolition of requirements to hold meetings; opted-out creditors

PART 1 Company insolvency

Company voluntary arrangements

6 (1) Section 5 (effect of approval) is amended as follows.

(2) In subsection (2)—

(a) in paragraph (a) for “creditors’ meeting” substitute “time the creditors decided to approve the voluntary arrangement”;

(b) in paragraph (b)(i) for the words from “at that” to “it)” substitute “in the qualifying decision procedure by which the creditors’ decision to approve the voluntary arrangement was made”.

(3) In subsection (4)(a) after “4(6)” insert “and (6A)”.