Small Business, Enterprise and Employment Act 2015 (c. 26)

SCHEDULES

SCHEDULE 9 U.K. Abolition of requirements to hold meetings; opted-out creditors

PART 1 U.K. Company insolvency

Winding-up U.K.

32 (1) Section 137 (appointment by Secretary of State) is amended as follows. U.K.

(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. ”

Commencement Information

I1 Sch. 9 para. 32 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)