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Changes over time for: Paragraph 6


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 31/05/2002
Status:
Point in time view as at 31/05/2002. This version of this cross heading contains provisions that are not valid for this point in time.

Status
Not valid for this point in time generally means that a provision was not in force for the point in time you have selected to view it on.
Changes to legislation:
Insolvency Act 1986, Paragraph 6 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Yn ddilys o 01/01/2003
[6(1)Where the directors of a company wish to obtain a moratorium, they shall submit to the nominee—E+W+S
(a)a document setting out the terms of the proposed voluntary arrangement,
(b)a statement of the company’s affairs containing—
(i)such particulars of its creditors and of its debts and other liabilities and of its assets as may be prescribed, and
(ii)such other information as may be prescribed, and
(c)any other information necessary to enable the nominee to comply with sub-paragraph (2) which he requests from them.
(2)The nominee shall submit to the directors a statement in the prescribed form indicating whether or not, in his opinion—
(a)the proposed voluntary arrangement has a reasonable prospect of being approved and implemented,
(b)the company is likely to have sufficient funds available to it during the proposed moratorium to enable it to carry on its business, and
(c)meetings of the company and its creditors should be summoned to consider the proposed voluntary arrangement.
(3)In forming his opinion on the matters mentioned in sub-paragraph (2), the nominee is entitled to rely on the information submitted to him under sub-paragraph (1) unless he has reason to doubt its accuracy.
(4)The reference in sub-paragraph (2)(b) to the company’s business is to that business as the company proposes to carry it on during the moratorium.]
Yn ôl i’r brig