C1 Part I Social rented sector
Chapter IV General powers of the F2Relevant Authority
Words in Pt. I substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 82(1)(2) (with ss. 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
Insolvency, &c. of registered social landlord
40 Initial notice to be given to the F1Relevant Authority.
1
Notice must be given to the F1Relevant Authority before any of the steps mentioned below is taken in relation to a registered social landlord.
The person by whom the notice must be given is indicated in the second column.
2
Where the registered social landlord is an industrial and provident society, the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
Presenting a petition for the winding up of the landlord. | The petitioner. |
Passing a resolution for the winding up of the landlord. | The landlord. |
3
Where the registered social landlord is a company registered under the M1Companies Act 1985 (including a registered charity), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
Applying for an administration order. | The applicant. |
Presenting a petition for the winding up of the landlord. | The petitioner. |
Passing a resolution for the winding up of the landlord. | The landlord. |
4
Where the registered social landlord is a registered charity (other than a company registered under the Companies Act 1985), the steps and the person by whom notice must be given are—
Any step to enforce any security over land held by the landlord. | The person proposing to take the step. |
5
Notice need not be given under this section in relation to a resolution for voluntary winding up where the consent of the F1Relevant Authority is required (see paragraphs 12(4) and 13(6) of Schedule 1).
6
Any step purportedly taken without the requisite notice being given under this section is ineffective.
F37
Subsections (8) and (9) apply in relation to the reference in subsection (3) to applying for an administration order.
8
In a case where an administrator is appointed under paragraph 14 or 22 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors)—
a
the reference includes a reference to appointing an administrator under that paragraph, and
b
in respect of an appointment under either of those paragraphs the reference to the applicant shall be taken as a reference to the person making the appointment.
9
In a case where a copy of a notice of intention to appoint an administrator under either of those paragraphs is filed with the court—
a
the reference shall be taken to include a reference to the filing of the copy of the notice, and
b
in respect of the filing of a copy of a notice of intention to appoint under either of those paragraphs the reference to the applicant shall be taken as a reference to the person giving the notice.
Part I (ss. 1-64) amended (1.10.1996) by S.I. 1996/2325, art.3