SCHEDULES
SCHEDULE 17Administration: minor and consequential amendments
33Insolvency Act 1986 (c. 45)
1
Section 247 (meaning of “insolvency” and “go into liquidation”) shall be amended as follows.
2
In subsection (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 subsection (3) substitute—
3
The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of—
a
paragraph 83(6)(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.