There are currently no known outstanding effects for the Small Business, Enterprise and Employment Act 2015, Paragraph 36.
36U.K.In section 141 (liquidation committee: England and Wales) for subsections (1) to (3) substitute—
“(1)This section applies where a winding up order has been made by the court in England and Wales.
(2)If both the company's creditors and the company's contributories decide that a liquidation committee should be established, a liquidation committee is to be established in accordance with the rules.
(3)If only the company's creditors, or only the company's contributories, decide that a liquidation committee should be established, a liquidation committee is to be established in accordance with the rules unless the court orders otherwise.
(3A)A “liquidation committee” is a committee having such functions as are conferred on it by or under this Act.
(3B)The liquidator must seek a decision from the company's creditors and contributories as to whether a liquidation committee should be established if requested, in accordance with the rules, to do so by one-tenth in value of the company's creditors.
(3C)Subsection (3B) does not apply where the liquidator is the official receiver.”
Commencement Information
I1Sch. 9 para. 36 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)
I2Sch. 9 para. 36 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)
I3Sch. 9 para. 36 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)
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