PART 17CREDITORS’ AND LIQUIDATION COMMITTEES

CHAPTER 6Miscellaneous

Special rule for winding up by the court and bankruptcy: functions vested in the Secretary of State17.28

1

At any time when the functions of a committee in a winding up by the court or a bankruptcy are vested in the Secretary of State under section 141(4) or (5) or section 302(1) or (2), requirements of the Act or these Rules about notices to be delivered, or reports to be made, to the committee by the office-holder do not apply, otherwise than as enabling the committee to require a report as to any matter.

2

Where the committee’s functions are so vested under section 141(5) or 302(2), they may be exercised by the official receiver.