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INSOLVENCY, ENGLAND AND WALES
1st March 2001
Laid before Parliament
7th March 2001
Coming into force
2nd April 2001
The Lord Chancellor, in exercise of the powers conferred upon him by section 411 of the Insolvency Act 1986(1) and section 21(2) of the Company Directors Disqualification Act 1986(2), and of all other powers enabling him in that behalf, with the concurrence of the Secretary of State, and after consulting the committee existing for that purpose under section 413 of the Insolvency Act 1986, hereby makes the following Rules:—
1.—(1) These Rules may be cited as the Insolvent Companies (Reports on Conduct of Directors) (Amendment) Rules 2001.
(2) These Rules shall come into force on 2nd April 2001.
(3) In these Rules “the 1996 Rules” means the Insolvent Companies (Reports on Conduct of Directors) Rules 1996(3).
2.—(1) The 1996 Rules shall be amended in accordance with this rule.
(2) There shall be substituted for the Schedule to the 1996 Rules the Schedule to these Rules.
3.—(1) Where any of the events mentioned in sub-paragraphs (a), (b) or (c) of rule 3(1) of the 1996 Rules occurred before the coming into force of these Rules this rule shall apply.
(2) Until 1st August 2001—
(a)the forms contained in the Schedule to the 1996 Rules, before the coming into force of these Rules, which were required to be used for the purpose of complying with the 1996 Rules, or
(b)the Form D1 or D2, as appropriate, as set out in the Schedule to these Rules, and as substituted in the 1996 Rules, or a form which is substantially similar thereto, with such variations, if any, as the circumstances require,
may be used for the purpose of complying with rules 3 or 4 of the 1996 Rules; but after that date the forms mentioned in sub-paragraph (b) of this paragraph shall be used for that purpose.
Irvine of Lairg, C.
23rd February 2001
I concur on behalf of the Secretary of State
Parliamentary Under-Secretary of State for Consumers and Corporate Affairs,
Department for Trade and Industry
1st March 2001
(This note is not part of the Rules)
These Rules substitute new forms in place of those contained in the Schedule to the Insolvent Companies (Reports on Conduct of Directors) Rules 1996. The forms are used for the purpose of complying with rules 3 and 4 of the Insolvent Companies (Reports on Conduct of Directors) Rules 1996 (S.I. 1996/1909). The new forms are substantially the same as the previous forms, but contain minor further requirements for information to be provided by office-holders to the Insolvency Practitioners Compliance Unit of the Insolvency Service. The new forms may be obtained from the Insolvency Service, Insolvency Practitioners Compliance Unit, Ladywood House, 45–46 Stephenson Street, Birmingham B2 4UZ. Those further requirements are in the case of Form D1, to provide the date of any winding up resolutions made by a company and any registered offices of a company within the six months prior to the commencement of the relevant insolvency procedure. They also provide, in the case of both forms, for a change of address to which to send them. Where the insolvency procedure commenced before 2nd April 2001 the office-holder may use either the old forms or the new amended forms until 1st August 2001. After that date such an office-holder must use the new amended forms.
1986 c. 46; amended by the Insolvency Act 2000 (c. 39), in relation to these Rules the relevant amendments are, the substitution of section 6(3) by sections 6(3), 6(3A), 6(3B) and 6(3C). The amendment made to section 21(2) by the Companies Act 1989 (c. 40) is not relevant for the purposes of these Rules.
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