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Insolvency Act 2000

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Changes over time for: Section 4

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There are currently no known outstanding effects for the Insolvency Act 2000, Section 4. Help about Changes to Legislation

4 Qualification or authorisation of nominees and supervisors.E+W+S

This section has no associated Explanatory Notes

(1)Part XIII of the M1Insolvency Act 1986 (insolvency practitioners and their qualification) is amended as follows.

(2)In section 388 (meaning of “act as insolvency practitioner”)—

(a)for subsection (1)(b) there is substituted—

(b)where a voluntary arrangement in relation to the company is proposed or approved under Part I, as nominee or supervisor,

(b)for subsection (2)(c) there is substituted—

(c)where a voluntary arrangement in relation to the individual is proposed or approved under Part VIII, as nominee or supervisor,

and

(c)after subsection (2A) there is inserted—

(2B)In relation to a voluntary arrangement proposed under Part I or VIII, a person acts as nominee if he performs any of the functions conferred on nominees under the Part in question.

F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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