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5. In Rule 2.056—
(a)in paragraph (2), omit “or any authorisation under section 323 of the Companies Act”;
(b)for paragraph (4), substitute—
“(4) No member may be represented by—
(a)another member of the committee;
(b)a person who is at the same time representing another committee member;
(c)a body corporate;
(d)an undischarged bankrupt;
(e)a person to whom a moratorium period under a debt relief order applies;
(f)a disqualified director; or
(g)a person who is subject to a bankruptcy restrictions order or a debt relief restrictions order.”.
(c)omit paragraph (5).
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
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