C1C2 PART XIIIPUBLIC ADMINISTRATION

Annotations:
Modifications etc. (not altering text)

Specification, increase and reduction of money sums relevant in the operation of this Order

Monetary limits362

1

The Department may by order—

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increase or reduce any of the money sums for the time being specified in the following provisions of Part 1A—

  • Article 13DG(1) (maximum amount of credit which company may obtain without disclosing moratorium);

  • Article 13DJ(2) (maximum amount for certain payments without obtaining monitor consent etc);

  • Article 13G(2) (minimum value of company property concealed or fraudulently removed, affecting criminal liability of company's officer); or

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increase or reduce any of the money sums for the time being specified in—

  • Article 103(1)(a) (minimum debt for service of demand on company by unpaid creditor);

  • Article 170(1)(a) and (b) (minimum value of company property concealed or fraudulently removed, affecting criminal liability of company's officer);

  • Article 186(1) (minimum debt for service of demand on unregistered company by unpaid creditor);

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  • F5...

b F1

specify amounts for the purposes of the following provisions—

  • F2Article 208S(4) (maximum amount of credit which a person in respect of whom a debt relief order is made may obtain without disclosure of his status);

  • Article 247 (minimum value of debtor's estate determining whether immediate bankruptcy order should be made; small bankruptcies level);

  • F3Article 286A (value of property below which application for sale, possession or charge to be dismissed);

  • Article 325(1)(b) and (3) (minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article);

  • Article 329(1)(a) (minimum value of property taken by a bankrupt out of Northern Ireland, determining his criminal liability);

  • Article 331(1)(a) (maximum amount of credit which bankrupt may obtain without disclosure of his status);

  • Article 332(2)(a) (exemption of bankrupt from criminal liability for failure to keep proper accounts, if unsecured debts not more than the prescribed minimum);

  • Article 335(2)(d) (minimum value of goods removed by the bankrupt, determining his liability to arrest)

  • F4paragraphs 6 to 8 of Schedule 2ZA (maximum amount of a person's debts, monthly surplus income and property for purposes of obtaining a debt relief order);F7...

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2

An order under this Article may contain such transitional provisions as may appear to the Department necessary or expedient.

3

No order shall be made under this Article unless a draft of it has been laid before, and approved by a resolution of the Assembly.