SCHEDULES

SCHEDULE 2 Company voluntary arrangements

Part I Amendments of the Insolvency Act 1986

9

In section 7 (implementation of proposal)—

a

in subsection (1), for the words following “voluntary arrangement” there is substituted “ has effect under section 4A ”,

b

in subsection (2), for paragraph (a) there is substituted—

a

on the nominee by virtue of the approval given at one or both of the meetings summoned under section 3

c

in subsection (5), for “in relation to the company” there is substituted “ or authorised to act as supervisor, in relation to the voluntary arrangement ”.