- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
99.—(1) An application for an order under paragraph 88 of Schedule B1 to the 1986 Act that the SMCL administrator be removed from office must state the grounds on which the order is requested.
(2) A copy of the application must be delivered, not less than five business days before the date fixed for the hearing—
(a)to the SMCL administrator;
(b)to the Secretary of State;
(c)to GEMA;
(d)to the joint SMCL administrator (if any); and
(e)where there is not a joint SMCL administrator, to the SMCL and its creditors, including any floating charge holders.
(3) Where the court makes an order removing the SMCL administrator it must deliver a copy of the order to the applicant.
(4) Following receipt of a copy of the order, the applicant must deliver a copy of the order—
(a)as soon as reasonably practicable, to the SMCL administrator; and
(b)within five business days, to—
(i)the registrar of companies; and
(ii)all persons to whom a copy of the application was delivered under paragraph (2).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: