This section has no associated Explanatory Memorandum
58.—(1) Section 359 (administration order) shall be amended as follows.
(2) In subsection (1) for “(or present a petition under Article 22 of the 1989 Order)” substitute “or Schedule B1 to the 1989 Order”.
(3) In subsection (3) for “(or Article 21(1)(a) of the 1989 Order)” substitute “or paragraph 12(a) of Schedule B1 to the 1989 Order”.
(4) In subsection (4) in the definition of “company”, for paragraph (b) substitute—
“(b)in respect of which an administrator may be appointed under Schedule B1 to the 1989 Order,”.