SCHEDULES

SCHEDULE 10Winding-up petitions: Great Britain

PART 2Restriction on winding-up petitions and orders

10Modifications of 1986 Act

In section 74 of the 1986 Act (liability as contributories of present and past members), subsection (2)(a) has effect as if the reference to one year or more before the commencement of the winding up were to—

a

one year or more before the day on which the petition was presented, or

b

if the winding-up order was made more than 6 months after the day on which the petition was presented, 18 months or more before the day on which the winding-up order was made.