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4. In Rule 2.41(1)—
(a)for paragraph (1A) substitute—
“(1A) Rule 4.68A shall not apply for the purposes of this Rule.”;
(b)in paragraph (2), omit “, or in any provision of the Bankruptcy Act as applied by Rule 4.16 or 4.68”;
(c)for paragraph (3) substitute—
“(3) Rule 4.68(4) shall apply subject to paragraph (4) of this Rule.”; and
(d)for paragraph (5)(b) substitute—
“(b)in Rule 4.16E, the reference to the date on which the company entered administration in paragraph (1) and the second reference to that date in paragraph (2) shall be construed as references to the date of commencement of winding up within the meaning of section 129(2);”.
Existing Part 2 of S.I. 1986/1915 was substituted by S.I. 2003/2111. Rule 2.41 was amended by S.I. 2006/734, S.I. 2008/662 and S.I. 2010/688.
Section 129 (commencement of winding up by the court) of the 1986 Act which was amended by the Enterprise Act 2002 (c.40), Schedule 17, paragraph 16.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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