PART IIIWINDING UP AND INSOLVENCY

Application of the 1986 Act to limited liability partnerships4

1

Subject to paragraph (2), the provisions of the 1986 Act4 listed in Schedule 2 shall apply in relation to limited liability partnerships as they apply in relation to companies.

2

The provisions of the 1986 Act referred to in paragraph (1) shall so apply, with the following modifications–

a

references to a company shall include references to a limited liability partnership;

b

references to a director or to an officer of a company shall include references to a member of a limited liability partnership;

c

references to a shadow director shall include references to a shadow member;

d

references to the 1985 Act, the Company Directors Disqualification Act 19865, the Companies Act 19896 or to any provisions of those Acts or to any provisions of the 1986 Act shall include reference s to those Acts or provisions as they apply to limited liability partnerships by virtue of the principal Act or these Regulations; and

e

the modifications set out in Schedule 3 to these Regulations.