(1)The Insolvency Act 1986 is amended as follows.
(2)In section 165 (voluntary winding up: powers of liquidator), for subsections (2) and (3) substitute—
“(2)The liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.”
(3)In section 167 (winding up by the court: powers of liquidator), for subsection (1) substitute—
“(1)Where a company is being wound up by the court, the liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.”
(4)In section 169 (supplementary powers (Scotland)), omit subsection (1).
(5)In Part 2 of Schedule 3 (appeals from orders in Scotland: orders which take effect until matter disposed of by Inner House), omit the entry relating to orders under section 167 or 169.
(6)In Schedule 4 (powers of liquidator in a winding up)—
(a)in paragraph 3, omit “In the case of a winding up in Scotland,”,
(b)omit paragraph 6A, and
(c)omit the headings for each of Parts 1 to 3.