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42A.—(1) Where a company limited by shares is a party to the agreement, it shall give notice in writing to the Board forthwith when—
(a)it passes a resolution or a court of competent jurisdiction makes an order that the contractor be wound up;
(b)circumstances arise which might entitle a creditor or a court to appoint a receiver, administrator or administrative receiver for the contractor;
(c)circumstances arise which would enable the court to make a winding up order in respect of the contractor;
(d)the contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986 (definition of inability to pay debts); or
(e)changes take place in relation to the ownership of shares in the company.
(2) A notice under sub-paragraph (e) must—
(a)provide the name of any person ceasing to own a share in the company;
(b)provide the name of any new person acquiring a share in the company; and
(c)confirm that following any changes in share ownership, that the company continues to meet the conditions in section 108(1A) of the 2006 Act.]
Textual Amendments
F1Sch. 3 paras. 42A, 42B inserted (1.4.2013) by The National Health Service (Primary Dental Services) (Miscellaneous Amendments and Transitional Provisions) Regulations 2013 (S.I. 2013/364), regs. 1(1), 39(24) (with Sch. 2)