PART 6Companies Act 2006 – specific modifications

Interpretation of Parts 26 and 26A

57.  Section 895 has effect as if, after subsection (2), there were inserted—

(2A) In this Part and in Part 26A—

purposes of special administration” is to be construed in accordance with section 23(2) to (2B) of the Water Industry Act 1991,

relevant authority” means—

(a)

in the case of a special administration order that relates to a company appointed under section 6(1) of the Water Industry Act 1991 to be the water or sewerage undertaker for an area that is wholly or mainly in Wales, the Welsh Ministers,

(b)

in any other case, the Secretary of State,

special administration order” means an order of the kind described in section 23(1) of the Water Industry Act 1991, and

special administrator” means a person appointed by the court under—

(a)

section 23(1) of the Water Industry Act 1991, or

(b)

Schedule B1 to the Insolvency Act 1986 as modified by regulations made under section 23(3A) of the Water Industry Act 1991,

to manage the affairs, business and property of a water industry company..