Small Business, Enterprise and Employment Act 2015 (c. 26)

SCHEDULES

SCHEDULE 9 U.K. Abolition of requirements to hold meetings; opted-out creditors

PART 1 U.K. Company insolvency

Winding-up U.K.

33 (1) Section 138 (appointment of liquidator in Scotland) is amended as follows. U.K.

(2) In subsection (3), for “summon separate meetings of” substitute “ in accordance with the rules seek nominations from ”.

(3) In subsection (4), for the words from “summon under” to the second “meeting of” substitute “ seek a nomination from the company's contributories under subsection (3), he may seek a nomination only from ”.

(4) In subsection (5)—

(a) for “one or more meetings are held” substitute “ a nomination is sought from the company's creditors, or nominations are sought from the company's creditors and contributories, ”;

(b) for “by the meeting or meetings” substitute “ as a result ”.

Commencement Information

I1 Sch. 9 para. 33 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)