[F1MoratoriumN.I.
14A.—(1 )F2 Where the directors of an eligible company intend to make a proposal for a voluntary arrangement, they may take steps to obtain a moratorium for the company.
(2) The provisions of Schedule A1 have effect with respect to—
(a)companies eligible for a moratorium under this Article,
(b)the procedure for obtaining such a moratorium,
(c)the effects of such a moratorium, and
(d)the procedure applicable (in place of Articles 15 to 19 and 20) in relation to the approval and implementation of a voluntary arrangement where such a moratorium is or has been in force.]