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SCHEDULE 9E+W+S+N.I.Abolition of requirements to hold meetings; opted-out creditors

PART 1 E+W+S+N.I.Company insolvency


32(1)Section 137 (appointment by Secretary of State) is amended as follows.E+W+S+N.I.

(2)In subsection (2)—

(a)for “meetings are held” substitute “ nominations are sought from the company's creditors and contributories ”;

(b)omit “of those meetings”.

(3)In subsection (5), for the words from “shall” to the end substitute “ must explain the procedure for establishing a liquidation committee under section 141. ”


Commencement Information

I1Sch. 9 para. 32 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)

I2Sch. 9 para. 32 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)