C7C8Part XV Subordinate Legislation
Third Group of Parts (Pts. 12-19) applied to limited liability partnerships (with modifications) (E.W.S.) (6.4.2001) by S.I. 2001/1090, reg. 5, Schs. 3, 4 (as amended (4.3.2004) by S.I. 2004/355, art. 10 and (1.10.2005) by S.I. 2005/1989, reg. 3, Sch. 2 (with reg. 4))
General insolvency rules
C1C2411 Company insolvency rules.
1
Rules may be made—
a
in relation to England and Wales, by the Lord Chancellor with the concurrence of the Secretary of State, or
b
in relation to Scotland, by the Secretary of State,
for the purpose of giving effect to Parts I to VII of this Act F1or the EC Regulation.
2
Without prejudice to the generality of subsection (1), or to any provision of those Parts by virtue of which rules under this section may be made with respect to any matter, rules under this section may contain—
a
any such provision as is specified in Schedule 8 to this Act or corresponds to provision contained immediately before the coming into force of section 106 of the M1Insolvency Act 1985 in rules made, or having effect as if made, under section 663(1) or (2) of the Companies Act (old winding-up rules), and
b
such incidental, supplemental and transitional provisions as may appear to the Lord Chancellor or, as the case may be, the Secretary of State necessary or expedient.
F22A
For the purposes of subsection (2), a reference in Schedule 8 to this Act to doing anything under or for the purposes of a provision of this Act includes a reference to doing anything under or for the purposes of the EC Regulation (in so far as the provision of this Act relates to a matter to which the EC Regulation applies).
2B
Rules under this section for the purpose of giving effect to the EC Regulation may not create an offence of a kind referred to in paragraph 1(1)(d) of Schedule 2 to the European Communities Act 1972.
3
In Schedule 8 to this Act “liquidator” includes a provisional liquidator; and references above in this section to Parts I to VII of this Act are to be read as including the Companies Act so far as relating to, and to matters connected with or arising out of, the insolvency or winding up of companies.
4
Rules under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
5
Regulations made by the Secretary of State under a power conferred by rules under this section shall be made by statutory instrument and, after being made, shall be laid before each House of Parliament.
6
Nothing in this section prejudices any power to make rules of court.
C3C4412 Individual insolvency rules (England and Wales).
1
The Lord Chancellor may, with the concurrence of the Secretary of State, make rules for the purpose of giving effect to Parts VIII to XI of this Act F3or the EC Regulation.
2
Without prejudice to the generality of subsection (1), or to any provision of those Parts by virtue of which rules under this section may be made with respect to any matter, rules under this section may contain—
a
any such provision as is specified in Schedule 9 to this Act or corresponds to provision contained immediately before the appointed day in rules made under section 132 of the M2Bankruptcy Act 1914; and
b
such incidental, supplemental and transitional provisions as may appear to the Lord Chancellor necessary or expedient.
F42A
For the purposes of subsection (2), a reference in Schedule 9 to this Act to doing anything under or for the purposes of a provision of this Act includes a reference to doing anything under or for the purposes of the EC Regulation (in so far as the provision of this Act relates to a matter to which the EC Regulation applies).
2B
Rules under this section for the purpose of giving effect to the EC Regulation may not create an offence of a kind referred to in paragraph 1(1)(d) of Schedule 2 to the European Communities Act 1972.
3
Rules under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
4
Regulations made by the Secretary of State under a power conferred by rules under this section shall be made by statutory instrument and, after being made, shall be laid before each House of Parliament.
5
Nothing in this section prejudices any power to make rules of court.
C5C6413 Insolvency Rules Committee.
1
The committee established under section 10 of the M3Insolvency Act 1976 (advisory committee on bankruptcy and winding-up rules) continues to exist for the purpose of being consulted under this section.
2
The Lord Chancellor shall consult the committee before making any rules under section 411 or 412 F5other than rules which contain a statement that the only provision made by the rules is provision applying rules made under section 411, with or without modifications, for the purposes of provision made by section F6any of sections 23 to 26 of the Water Industry Act 1991 or Schedule 3 to that ActF7or by any of sections 59 to 65 of, or Schedule 6 or 7 to, the Railways Act 1993..
3
Subject to the next subsection, the committee shall consist of—
a
a judge of the High Court attached to the Chancery Division;
b
a circuit judge;
c
a registrar in bankruptcy of the High Court;
d
the registrar of a county court;
e
a practising barrister;
f
a practising solictor; and
g
a practising accountant;
and the appointment of any person as a member of the committee shall be made by the Lord Chancellor.
4
The Lord Chancellor may appoint as additional members of the committee any persons appearing to him to have qualifications or experience that would be of value to the committee in considering any matter with which it is concerned.
Pt. XV (ss. 411-422) applied (with modifications) (1.12.1994) by S.I. 1994/2421, arts. 8(4)(5)(8)(9), 10(2)(3)(6), Sch. 4 Pt. II, Sch. 7