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31(1)Section 539 (powers of liquidator) shall be amended as follows.
(2)In subsection (1), for the words " committee of inspection ", there shall be substituted the words " committee established under section 74 or 75 of the Insolvency Act 1985 ".
(3)Paragraph (c) of subsection (1) (power to appoint solicitor) shall be omitted and after subsection (2) there shall be inserted the following subsection—
“(2A)Where the liquidator (not being the official receiver), in exercise of the powers conferred on him by this Act-
(a)disposes of any property of the company to a person who is connected with the company (within the meaning of Part II of the Insolvency Act 1985); or
(b)employs a solicitor to assist him in the carrying out of his functions,
he shall, if there is for the time being a committee established under section 74 or 75 of that Act, give notice to the committee of that exercise of his powers.”
(4)In subsection (4), for the words "committee of inspection" there shall be substituted the words " committee established under section 74 or 75 of the Insolvency Act 1985 ".
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