SCHEDULES
SCHEDULE 2ADMINISTRATION: MINOR AND CONSEQUENTIAL AMENDMENTS
The 1989 Order
I146
1
Schedule 5 (scope of insolvency rules) shall be amended as follows.
2
At the end of paragraph 1 (which becomes sub-paragraph (1)) add—
2
Rules made by virtue of this paragraph about the consequence of failure to comply with practice or procedure may, in particular, include provision about the termination of administration.
3
In paragraph 10 (provision as to committees) for “Article 38, 59, 87 or 120” substitute “
Article 59, 87 or 120, or paragraph 58 of Schedule B1
”
.
4
After paragraph 14 insert—
14A
Provision about the application of Article 150A which may include, in particular—
a
provision enabling a receiver to institute winding up proceedings;
b
provision requiring a receiver to institute winding up proceedings.
5
After paragraph 14A (inserted by sub-paragraph (4)) insert—
Administration
14B
Provision which—
a
applies in relation to administration, with or without modifications, a provision of Parts V to VII and any of Articles 5 to 8 in so far as that Article relates to that provision, or
b
serves a purpose in relation to administration similar to a purpose that may be served by the rules in relation to winding up by virtue of a provision of this Schedule.
6
In paragraph 29 (general provision) for “Article 34, 57, 111, 121(2) or 199 of this Order” substitute “
Article 57, 111, 121(2) or 199 of, or paragraph 48 of Schedule B1 to, this Order
”
.