SCHEDULES
C1SCHEDULE 14PPP administration orders
Annotations:
Modifications etc. (not altering text)
Part II Further modifications of the 1986 Act: application in relation to foreign companies
Duties of special PPP administrator
I117
In section 17 of the 1986 Act (general duties of administrator), as applied by this Part of this Schedule in relation to a foreign company,—
a
in subsection (1), the reference to property shall be taken as a reference to property for the time being situated within Great Britain; and
b
in subsection (2), the reference to the affairs, business and property of the company shall be taken as a reference to—
i
the affairs and business of the foreign company so far as carried on in Great Britain, and
ii
the property of that company so far as that property is for the time being situated within Great Britain.
Sch. 14 modified (10.7.2003) by Railways and Transport Safety Act 2003 (c. 20), s. 114(5)(d)