43(1)Section 172 (removal of liquidator in compulsory winding up) is amended as follows.
(2)In subsection (2), for “general meeting of the company’s creditors summoned” substitute “decision of the company’s creditors made by a qualifying decision procedure instigated”.
(3)In subsection (3)—
(a)in paragraph (a) omit “a meeting of”;
(b)for the words from “a general meeting” to “the meeting” substitute “a qualifying decision procedure such as is mentioned in subsection (2) shall be instigated only if the liquidator thinks fit, the court so directs, or it”.
(4)For subsection (8) substitute—
“(8)Where the liquidator has produced an account of the winding up under section 146 (final account), the liquidator vacates office as soon as the liquidator has complied with section 146(4) (requirement to send account etc. to registrar and to court).”