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Insolvency Act 1986
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Insolvency Act 1986, Section 415B is up to date with all changes known to be in force on or before 11 February 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.
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Changes and effects yet to be applied to Section 415B:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
- Act savings and transitional provisions for amendments by S.I. 2022/1166 by S.I. 2022/1172 Regulations
[F1415BMonetary limits (company moratorium)E+W+S
(1)The Secretary of State may by regulations increase or reduce any of the money sums for the time being specified in the following provisions of Part A1—
(a)section A25(1) (maximum amount of credit which company may obtain without disclosing moratorium);
(b)section A28(2) (maximum amount for certain payments without obtaining monitor consent etc);
(c)section A46(2) (minimum value of company property concealed or fraudulently removed, affecting criminal liability of company’s officer).
(2)Regulations under this section may contain such transitional provisions as may appear to the Secretary of State necessary or expedient.
(3)Regulations under this section are to be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.]
Textual Amendments
F1S. 415B inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 24 (with ss. 2(2), 5(2))
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