SCHEDULES

SCHEDULE 2ADMINISTRATION: MINOR AND CONSEQUENTIAL AMENDMENTS

The 1989 Order

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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 ”.