Companies Act 1989

3 (1) The Insolvency Act 1986 is amended as follows.

(2) In section 9(3) (restrictions on making administration order where administrative receiver has been appointed), in paragraph (b) (exceptions) insert—

“(i) be void against the administrator to any extent by virtue of the provisions of Part XII of the Companies Act 1985 (registration of company charges),”;

and renumber the existing sub-paragraphs as (ii) to (iv).

(3) In sections 45(5), 53(2), 54(3) and 62(5) (offences of failing to deliver documents relating to appointment or cessation of appointment of receiver) omit the words “and, for continued contravention, to a daily default fine”.