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SCHEDULES

SCHEDULE 2ADMINISTRATION: MINOR AND CONSEQUENTIAL AMENDMENTS

The 1989 Order

20.—(1) Article 6 (meaning of “insolvency” and “go into liquidation”) shall be amended as follows.

(2) In paragraph (1) for “the making of an administration order or the appointment of an administrative receiver” substitute “or the appointment of an administrator or administrative receiver”.

(3) For paragraph (3) substitute—

(3) The reference to a resolution for voluntary winding up in paragraph (2) includes a reference to a resolution which is deemed to occur by virtue of—

(a)paragraph 84(5)(b) of Schedule B1, or

(b)an order made following conversion of administration or a voluntary arrangement into winding up by virtue of Article 37 of the EC Regulation..