SCHEDULES
SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors
PART 1Company insolvency
Winding-up
I132
1
Section 137 (appointment by Secretary of State) is amended as follows.
2
In subsection (2)—
a
for “meetings are held” substitute “
nominations are sought from the company's creditors and contributories
”
;
b
omit “of those meetings”.
3
In subsection (5), for the words from “shall” to the end substitute “
must explain the procedure for establishing a liquidation committee under section 141.
”