SCHEDULE

PART 1Amendments to the Insolvency Act 1986

9

1

Section 201 (dissolution on voluntary winding up)10 is amended as follows.

2

In subsection (2)—

a

after “or the account and statement” insert “and any statement under section 106(4B),”;

b

at the end insert “(except where subsection (2A) applies)”.

3

After that subsection insert—

2A

This subsection applies where a statement sent to the registrar under section 106(4B) indicates that a member State liquidator does not consent to the company being dissolved.

2B

Where subsection (2A) applies, the company is deemed to be 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 sent under section 106(4B) were closed, or

b

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