<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46" NumberOfProvisions="2120" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-07-16"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2006/46/section/901B</dc:identifier><dc:title>Companies Act 2006</dc:title><dc:description>
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            An Act to reform company law and restate the greater part of the enactments relating to companies; to make other provision relating to companies and other forms of business organisation; to make provision about directors' disqualification, business names, auditors and actuaries; to amend Part 9 of the Enterprise Act 2002; and for connected purposes.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-07-24</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-07-16</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/2006/46/resources" title="More Resources"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2006/46/notes/contents" title="Explanatory Notes Table of Contents"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/2006/46" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/2006/46/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/2006/46/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/2006/46/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2006/46/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/2020-06-26" title="2020-06-26"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/2020-06-26" title="2020-06-26"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/2021-02-16" title="2021-02-16"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2006/46" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901A" title="Provision; Section 901A"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901A" title="Provision; Section 901A"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901C" title="Provision; Section 901C"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2006/46/section/901C" title="Provision; Section 901C"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2006"/><ukm:Number Value="46"/><ukm:EnactmentDate Date="2006-11-08"/><ukm:ISBN Value="0105446068"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectedYear="2006" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/177" Modified="2025-07-31T21:20:53Z" RequiresApplied="false" Type="inserted" EffectId="key-d6b7677b4e7ddf411733604257572474" AffectingNumber="177" Comments="IP completion day" AffectingEffectsExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)" AffectingProvisions="reg. 4(b)(i)" AffectingClass="UnitedKingdomStatutoryInstrument" Row="2213" Notes="This amendment not applied to legislation.gov.uk. Reg. 4 substituted by regs. 4, 4A immediately before IP completion day by S.I. 2019/1392, regs. 1(2), 4" URI="http://www.legislation.gov.uk/id/effect/key-d6b7677b4e7ddf411733604257572474" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectedExtent="E+W+S+N.I." AffectedProvisions="s. 479A(2)(c)(zi)" AffectedNumber="46" AffectingYear="2019"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-479A-2-c-zi" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/479A/2/c/zi" FoundRef="section-479A">s. 479A(2)(c)(zi)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-4-b-i" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/4/b/i">reg. 4(b)(i)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-2" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/2">reg. 2</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedYear="2006" Comments="IP completion day" AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)" AffectedExtent="E+W+S+N.I." AffectedNumber="46" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/177" AffectedProvisions="Sch. 10 para. 6(2D)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" URI="http://www.legislation.gov.uk/id/effect/key-160b2ce92d1e270749f63bd2cba5b56e" Row="5586" AffectingClass="UnitedKingdomStatutoryInstrument" EffectId="key-160b2ce92d1e270749f63bd2cba5b56e" RequiresApplied="false" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="reg. 28(e)" Modified="2025-07-31T21:20:53Z" AffectingYear="2019" AffectingNumber="177" Notes="This amendment not applied to legislation.gov.uk. Reg. 28(e) omitted immediately before IP completion day by virtue of S.I. 2020/523, regs. 1(2), 14(e)(iv)" Type="inserted"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/10">Sch. 10 </ukm:Section><ukm:Section Ref="schedule-10-paragraph-6-2D" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/10/paragraph/6/2D" FoundRef="schedule-10-paragraph-6">para. 6(2D)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-28-e" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/28/e">reg. 28(e)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-2" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/2">reg. 2</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="46" Type="inserted" AffectedExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedYear="2006" URI="http://www.legislation.gov.uk/id/effect/key-06178e5a9f30bdc6ee029f91b9a5048b" AffectingURI="http://www.legislation.gov.uk/id/uksi/2019/177" AffectingYear="2019" AffectingClass="UnitedKingdomStatutoryInstrument" Modified="2025-07-31T21:20:53Z" RequiresApplied="false" AffectingProvisions="reg. 29(b)" EffectId="key-06178e5a9f30bdc6ee029f91b9a5048b" AffectingNumber="177" Notes="This amendment not applied to legislation.gov.uk. Reg. 29 substituted immediately before IP completion day by S.I. 2020/523, regs. 1(2), 14(f)" AffectingEffectsExtent="E+W+S+N.I." Row="5595" AffectedProvisions="Sch. 10 para. 7(2A)" Comments="IP completion day" AppendedCommentary="2020 c. 1, Sch. 5 para. 1(1)"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-10" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/10">Sch. 10 </ukm:Section><ukm:Section Ref="schedule-10-paragraph-7-2A" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/10/paragraph/7/2A" FoundRef="schedule-10-paragraph-7">para. 7(2A)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-29-b" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/29/b">reg. 29(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-2" URI="http://www.legislation.gov.uk/id/uksi/2019/177/regulation/2">reg. 2</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2020-12-31" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingNumber="1971" AffectingEffectsExtent="E+W+S+N.I." Row="22" RequiresApplied="false" AffectingYear="2013" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-d576d9d7fcaf9fdbdd9a71722dc4b998" AffectedProvisions="Act" AffectedYear="2006" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingURI="http://www.legislation.gov.uk/id/uksi/2013/1971" AffectedNumber="46" Notes="This amendment not applied to legislation.gov.uk. Amending Regulations revoked (1.10.2013) without ever being in force by S.I. 2013/2224, reg. 2" AffectedExtent="E+W+S+N.I." EffectId="key-d576d9d7fcaf9fdbdd9a71722dc4b998" AffectingClass="UnitedKingdomStatutoryInstrument" Type="amendment to earlier affecting provision S.I. 2008/373 reg. 3(4)" AffectingProvisions="reg. 4" Modified="2025-07-31T21:20:53Z"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Companies (Revision of Defective Accounts and Reports) (Amendment) Regulations 2013</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-4" URI="http://www.legislation.gov.uk/id/uksi/2013/1971/regulation/4">reg. 4</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/1971/regulation/1/1">reg. 1(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2013-10-01" Qualification="with effect in accordance with" OtherQualification="reg. 1(2)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedExtent="E+W+S+N.I." AffectingNumber="1971" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" Modified="2025-07-31T21:20:53Z" RequiresApplied="false" AffectingYear="2013" AffectedYear="2006" AffectingClass="UnitedKingdomStatutoryInstrument" Type="amendment to earlier affecting provision S.I. 2008/373 reg. 11(1)" AffectingURI="http://www.legislation.gov.uk/id/uksi/2013/1971" AffectingEffectsExtent="E+W+S+N.I." Row="23" Notes="This amendment not applied to legislation.gov.uk. Amending Regulations revoked (1.10.2013) without ever being in force by S.I. 2013/2224, reg. 2" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-1eb489a76f34033109670f5981c2378c" AffectingProvisions="reg. 9(a)" AffectedProvisions="Act" AffectedNumber="46" EffectId="key-1eb489a76f34033109670f5981c2378c"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions>Act</ukm:AffectedProvisions><ukm:AffectingTitle>The Companies (Revision of Defective Accounts and Reports) (Amendment) Regulations 2013</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="regulation-9-a" URI="http://www.legislation.gov.uk/id/uksi/2013/1971/regulation/9/a">reg. 9(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1-1" URI="http://www.legislation.gov.uk/id/uksi/2013/1971/regulation/1/1">reg. 1(1)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2013-10-01" Qualification="with effect in accordance with" OtherQualification="reg. 1(2)"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectingYear="2026" AffectedProvisions="Sch. 11A para. 17E-17G" AffectedNumber="46" RequiresApplied="true" URI="http://www.legislation.gov.uk/id/effect/key-c466e146768683ffa4df5c8f3536e8e8" AffectingProvisions="Sch. 36 para. 35" Modified="2026-07-20T15:53:10Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2006/46" AffectingNumber="23" Row="1334" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" EffectId="key-c466e146768683ffa4df5c8f3536e8e8" AffectedYear="2006" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2026/23" AffectingClass="UnitedKingdomPublicGeneralAct" Type="substituted for Sch. 11A para. 17A-17D"><ukm:AffectedTitle>Companies Act 2006</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="schedule-11A" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/11A">Sch. 11A </ukm:Section><ukm:SectionRange Start="schedule-11A-paragraph-17E" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/11A/paragraph/17E" FoundStart="schedule-11A" End="schedule-11A-paragraph-17G" UpTo="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/11A/paragraph/17G" FoundEnd="schedule-11A" MissingEnd="true"><ukm:Section Ref="schedule-11A-paragraph-17E" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/11A/paragraph/17E" FoundRef="schedule-11A">para. 17E</ukm:Section>-<ukm:Section Ref="schedule-11A-paragraph-17G" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/schedule/11A/paragraph/17G" FoundRef="schedule-11A">17G</ukm:Section></ukm:SectionRange></ukm:AffectedProvisions><ukm:AffectingTitle>English Devolution and Community Empowerment Act 2026</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-36" URI="http://www.legislation.gov.uk/id/ukpga/2026/23/schedule/36">Sch. 36 </ukm:Section><ukm:Section Ref="schedule-36-paragraph-35" URI="http://www.legislation.gov.uk/id/ukpga/2026/23/schedule/36/paragraph/35">para. 35</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-108-6" URI="http://www.legislation.gov.uk/id/ukpga/2026/23/section/108/6">s. 108(6)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/notes"/><ukm:Alternatives><ukm:Alternative Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpgaen_20060046_en.pdf" Title="Explanatory Note"/></ukm:Alternatives>       
								</ukm:Notes> 
					<ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpga_20060046_en.pdf" Date="2012-04-13" Size="3647447"/><ukm:Alternative Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpga_20060046_en_003.pdf" Title="Volume 3"/><ukm:Alternative Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpga_20060046_en_002.pdf" Title="Volume 2"/><ukm:Alternative Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpga_20060046_en_001.pdf" Title="Volume 1"/></ukm:Alternatives><ukm:CorrectionSlips><ukm:CorrectionSlip URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpgacs_20060046_en.pdf" Date="2010-10-15" Title="Correction Slip" Size="14580"/></ukm:CorrectionSlips><ukm:TablesOfDestinations>
      <ukm:TableOfDestinations Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpgatod_20060046_en.pdf" Title="Table Of Destinations"/>
   </ukm:TablesOfDestinations><ukm:TablesOfOrigins>
      <ukm:TableOfOrigins Date="2008-03-03" URI="http://www.legislation.gov.uk/ukpga/2006/46/pdfs/ukpgatoo_20060046_en.pdf" Title="Table Of Origins"/>
   </ukm:TablesOfOrigins>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="2193"/>
									<ukm:BodyParagraphs Value="1677"/>
									<ukm:ScheduleParagraphs Value="516"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="1"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/body" NumberOfProvisions="1677" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-07-16"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/part/26A" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/part/26A" NumberOfProvisions="12" id="part-26A" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-03-15"><Number><CommentaryRef Ref="key-6dd49e12aff18f8378967ccc4912550c"/><CommentaryRef Ref="key-016cd5a86776d76aca52b18fc6b93113"/><CommentaryRef Ref="key-346c587e1419105b4612a1cf85767a0b"/><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">PART 26A</Addition></Number><Title><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">Arrangements and reconstructions: companies in financial difficulty</Addition></Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/part/26A/crossheading/application-of-this-part" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/part/26A/crossheading/application-of-this-part" NumberOfProvisions="2" id="part-26A-crossheading-application-of-this-part" RestrictStartDate="2021-02-16"><Title><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">Application of this Part</Addition></Title><P1group RestrictStartDate="2021-02-16"><Title><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">Power to exclude companies providing financial services, etc</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B" id="section-901B"><Pnumber><CommentaryRef Ref="key-f539aa68ec94b482fcfd90e74ef79eb2"/><CommentaryRef Ref="key-6cde60a9915c55f41370fe16e99d20ef"/><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">901B</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/1" id="section-901B-1"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">The Secretary of State may by regulations provide that this Part does not apply—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/1/a" id="section-901B-1-a"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">where the company in respect of which a compromise or arrangement is proposed is an authorised person, or an authorised person of a specified description;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/1/b" id="section-901B-1-b"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">where—</Addition></Text><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/1/b/i" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/1/b/i" id="section-901B-1-b-i"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">i</Addition></Pnumber><P4para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">a compromise or arrangement is proposed between a company, or a company of a specified description, and any creditors of the company, and</Addition></Text></P4para></P4><P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/1/b/ii" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/1/b/ii" id="section-901B-1-b-ii"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">ii</Addition></Pnumber><P4para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">those creditors consist of or include creditors of a specified description.</Addition></Text></P4para></P4></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/2" id="section-901B-2"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">In this section—</Addition></Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">“authorised person” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31 of that Act);</Addition></Text></Para></ListItem><ListItem><Para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">“specified” means specified in the regulations.</Addition></Text></Para></ListItem></UnorderedList></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2006/46/section/901B/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2006/46/section/901B/3" id="section-901B-3"><Pnumber><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-ac89852855d24441a2c54d2d1a7c13a2-1597215893273" CommentaryRef="key-ac89852855d24441a2c54d2d1a7c13a2">Regulations under this section are subject to affirmative resolution procedure.</Addition></Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-016cd5a86776d76aca52b18fc6b93113" Type="C"><Para><Text>Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1298" id="d10e4" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1298" Title="Liability Company (Amendment etc.) (EU Exit) Regulations 2018">The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298)</Citation>, <CitationSubRef CitationRef="d10e4" id="ccd8e720221107141016015Z" URI="http://www.legislation.gov.uk/id/uksi/2018/1298/regulation/1" SectionRef="regulation-1">regs. 1</CitationSubRef>, <CitationSubRef CitationRef="d10e4" id="ccd8e1020221107141016015Z" URI="http://www.legislation.gov.uk/id/uksi/2018/1298/regulation/97" Operative="true" SectionRef="regulation-97">97</CitationSubRef> (with <CitationSubRef CitationRef="d10e4" id="ccd8e1320221107141016015Z" URI="http://www.legislation.gov.uk/id/uksi/2018/1298/regulation/140" UpTo="http://www.legislation.gov.uk/id/uksi/2018/1298/regulation/145" Type="group" StartSectionRef="regulation-140" EndSectionRef="regulation-145">regs. 140-145</CitationSubRef>) (as amended by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/523" id="d10e16" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="523">S.I. 2020/523</Citation>, <CitationSubRef CitationRef="d10e16" id="ccd8e2020221107141016015Z" URI="http://www.legislation.gov.uk/id/uksi/2020/523/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="d10e16" id="ccd8e2320221107141016015Z" URI="http://www.legislation.gov.uk/id/uksi/2020/523/regulation/5/a" UpTo="http://www.legislation.gov.uk/id/uksi/2020/523/regulation/5/f" Operative="false" Type="group" StartSectionRef="regulation-5-a" EndSectionRef="regulation-5-f">5(a)-(f)</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="d10e26" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="d10e26" id="ccd8e2920221107141016015Z" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" Operative="false" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-346c587e1419105b4612a1cf85767a0b" Type="C"><Para><Text><CitationSubRef id="ccd8e1202404221201499360100" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/part/26" SectionRef="part-26">Pts. 26</CitationSubRef>, <CitationSubRef id="ccd8e4202404221201499360100" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/part/26A" SectionRef="part-26A">26A</CitationSubRef> applied (with modifications) (E.W.) (15.3.2024) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2024/205" id="d10e7" Class="UnitedKingdomStatutoryInstrument" Year="2024" Number="205" Title="The Water Industry (Special Administration) Regulations 2024">The Water Industry (Special Administration) Regulations 2024 (S.I. 2024/205)</Citation>, <CitationSubRef id="ccd8e10202404221201499360100" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/uksi/2024/205/regulation/2/2" SectionRef="regulation-2-2">regs. 2(2)</CitationSubRef>, <CitationSubRef id="ccd8e13202404221201499360100" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/uksi/2024/205/regulation/55" UpTo="http://www.legislation.gov.uk/id/uksi/2024/205/regulation/63" Operative="true" Type="group" StartSectionRef="regulation-55" EndSectionRef="regulation-63">55-63</CitationSubRef> (with <CitationSubRef id="ccd8e16202404221201499360100" CitationRef="d10e7" URI="http://www.legislation.gov.uk/id/uksi/2024/205/regulation/64" SectionRef="regulation-64">reg. 64</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-6cde60a9915c55f41370fe16e99d20ef" Type="C"><Para><Text>Ss. 901A-901J applied (with modifications) (16.2.2021) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1804" id="d18e4" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1804">S.I. 2009/1804</Citation>, <CitationSubRef id="cc168206593654" CitationRef="d18e4" URI="http://www.legislation.gov.uk/id/uksi/2009/1804/regulation/45A" Operative="true" SectionRef="regulation-45A">reg. 45A</CitationSubRef> (as inserted by <Citation URI="http://www.legislation.gov.uk/id/uksi/2021/60" id="d18e10" Class="UnitedKingdomStatutoryInstrument" Year="2021" Number="60" Title="The Limited Liability Partnerships (Amendment etc.) Regulations 2021">The Limited Liability Partnerships (Amendment etc.) Regulations 2021 (S.I. 2021/60)</Citation>, <CitationSubRef id="cc188905479495" CitationRef="d18e10" URI="http://www.legislation.gov.uk/id/uksi/2021/60/regulation/1/1" SectionRef="regulation-1-1">reg. 1(1)</CitationSubRef>, <CitationSubRef id="cc106967186655" CitationRef="d18e10" URI="http://www.legislation.gov.uk/id/uksi/2021/60/schedule/3/paragraph/3" Operative="true" SectionRef="schedule-3-paragraph-3">Sch. 3 para. 3</CitationSubRef> (with <CitationSubRef id="cc114487715102" CitationRef="d18e10" URI="http://www.legislation.gov.uk/id/uksi/2021/60/regulation/4/2" SectionRef="regulation-4-2">reg. 4(2)</CitationSubRef>))</Text></Para></Commentary><Commentary id="key-6dd49e12aff18f8378967ccc4912550c" Type="C"><Para><Text><CitationSubRef id="ccd8e1202404031434242840100" URI="http://www.legislation.gov.uk/id/ukpga/2006/46/part/26A" SectionRef="part-26A">Pt. 26A</CitationSubRef> applied (with modifications) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/229" id="d10e4" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="229">S.I. 2014/229</Citation>, <CitationSubRef id="ccd8e7202404031434242840100" CitationRef="d10e4" URI="http://www.legislation.gov.uk/id/uksi/2014/229/article/2/4" SectionRef="article-2-4">art. 2(4)</CitationSubRef>, <CitationSubRef id="ccd8e10202404031434242840100" CitationRef="d10e4" URI="http://www.legislation.gov.uk/id/uksi/2014/229/schedule/2A" Operative="true" SectionRef="schedule-2A">Sch. 2A</CitationSubRef> (as inserted (18.7.2020) by The Co-operative and <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/744" id="d10e13" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="744" Title="Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) and Consequential Amendments Order 2020">Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) and Consequential Amendments Order 2020 (S.I. 2020/744)</Citation>, <CitationSubRef id="ccd8e16202404031434242840100" CitationRef="d10e13" URI="http://www.legislation.gov.uk/id/uksi/2020/744/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef id="ccd8e20202404031434242840100" CitationRef="d10e13" URI="http://www.legislation.gov.uk/id/uksi/2020/744/article/7/c" Operative="true" SectionRef="article-7-c">7(c)</CitationSubRef>, <CitationSubRef id="ccd8e23202404031434242840100" CitationRef="d10e13" URI="http://www.legislation.gov.uk/id/uksi/2020/744/article/12" SectionRef="article-12">12</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-ac89852855d24441a2c54d2d1a7c13a2" Type="F"><Para><Text>Pt. 26A inserted (26.6.2020) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/12" id="cvdc5ban3-00052" Class="UnitedKingdomPublicGeneralAct" Year="2020" Number="12" Title="Corporate Insolvency and Governance Act 2020">Corporate Insolvency and Governance Act 2020 (c. 12)</Citation>, <CitationSubRef id="cvdc5ban3-00053" CitationRef="cvdc5ban3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2020/12/section/49/1" SectionRef="section-49-1">s. 49(1)</CitationSubRef>, <CitationSubRef id="cvdc5ban3-00054" CitationRef="cvdc5ban3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2020/12/schedule/9/paragraph/1" SectionRef="schedule-9-paragraph-1" Operative="true">Sch. 9 para. 1</CitationSubRef> (with <CitationSubRef id="cvdc5ban3-00055" CitationRef="cvdc5ban3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2020/12/section/2/2" SectionRef="section-2-2">ss. 2(2)</CitationSubRef>, <CitationSubRef id="cvdc5ban3-00056" CitationRef="cvdc5ban3-00052" URI="http://www.legislation.gov.uk/id/ukpga/2020/12/section/5/2" SectionRef="section-5-2">5(2)</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-f539aa68ec94b482fcfd90e74ef79eb2" Type="C"><Para><Text>Ss. 901A-901J applied (with modifications) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1804" id="d12e4" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1804">S.I. 2009/1804</Citation>, <CitationSubRef id="cc116366010867" CitationRef="d12e4" URI="http://www.legislation.gov.uk/id/uksi/2009/1804/regulation/45A" Operative="true" SectionRef="regulation-45A">reg. 45A</CitationSubRef> (as inserted (26.6.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2020/643" id="d12e10" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="643" Title="The Limited Liability Partnerships (Amendment etc.) Regulations 2020">The Limited Liability Partnerships (Amendment etc.) Regulations 2020 (S.I. 2020/643)</Citation>, <CitationSubRef id="cc162600866169" CitationRef="d12e10" URI="http://www.legislation.gov.uk/id/uksi/2020/643/regulation/1/1" SectionRef="regulation-1-1">reg. 1(1)</CitationSubRef>, <CitationSubRef id="cc126661008895" CitationRef="d12e10" URI="http://www.legislation.gov.uk/id/uksi/2020/643/schedule/3/paragraph/3" Operative="true" SectionRef="schedule-3-paragraph-3">Sch. 3 para. 3</CitationSubRef> (which amending S.I. is revoked (16.2.2021) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2021/60" id="d12e20" Class="UnitedKingdomStatutoryInstrument" Year="2021" Number="60">S.I. 2021/60</Citation>, <CitationSubRef id="cc178306279789" CitationRef="d12e20" URI="http://www.legislation.gov.uk/id/uksi/2021/60/regulation/1/1" SectionRef="regulation-1-1">reg. 1(1)</CitationSubRef>, <CitationSubRef id="cc140077298425" CitationRef="d12e20" URI="http://www.legislation.gov.uk/id/uksi/2021/60/regulation/2" Operative="true" SectionRef="regulation-2">2</CitationSubRef>))</Text></Para></Commentary></Commentaries></Legislation>