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SCHEDULE

PART 1Amendments to the Insolvency Act 1986

12.—(1) Section 205 (dissolution otherwise than under sections 202 to 204) is amended as follows.

(2) In subsection (2)—

(a)after “or the notice” insert “and any statement under section 146(7) or 146A(2)”, and

(b)after “the registration” insert “of the final account or notice”.

(3) After that subsection insert—

(2A) Subsection (2B) applies where a statement sent to the registrar under section 146(7) or 146A(2) indicates that a member State liquidator does not consent to the company being dissolved.

(2B) The company is not dissolved at the end of the period mentioned in subsection (2) but is instead dissolved at the end of the period of 3 months beginning with the date (if any) recorded in the register as the date on which the registrar was notified that—

(a)all proceedings identified in the statement under section 146(7) or 146A(2) were closed, or

(b)every member State liquidator appointed in those proceedings consented to the company being dissolved.