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The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021 No. 427
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2. In these Regulations—
“the Act” means the Insolvency Act 1986;
“the company” means the company whose business or assets are the subject of the substantial disposal;
“qualifying report” has the meaning given to it in regulation 5;
“previous report” has the meaning given to it in regulation 8;
“relevant property” means the property being disposed of, hired out or sold by the substantial disposal;
“Schedule B1” means Schedule B1 to the Act; and
“substantial disposal” has the meaning given to it in regulation 3.
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