160Company: arrangements and reconstructionsE+W
(1)This section applies to a non-profit registered provider which is a registered company.
(2)A voluntary arrangement under Part 1 of the Insolvency Act 1986 (c. 45) in relation to the company is effective only if the regulator has first consented.
(3)An order under section 899 of the Companies Act 2006 (c. 46) (court sanction for compromise or arrangement)—
(a)is effective only if the regulator has first consented, and
(b)does not take effect until a copy of the consent is delivered to the registrar of companies.
(4)An order under section 900 of the Companies Act 2006 (powers of court to facilitate reconstruction or amalgamation) is effective only if the regulator has first consented.
(5)The requirement in section 900(6) of the Companies Act 2006 (sending copy of order to registrar) is satisfied only if the copy is accompanied by a copy of the regulator's consent.
Commencement Information
I1S. 160 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)