SCHEDULES

F4C1C2SCHEDULE A1 Moratorium where directors propose voluntary arrangement

Annotations:
Amendments (Textual)
F4

Sch. A1 inserted (11.5.2001 so far as is necessary to give effect to Sch. A1 paras. 5, 45(1)-(3)(5) and 1.1.2003 in so far as not already in force) by 2000 c. 39, s. 1, Sch. 1 para. 4; S.I. 2001/1751, art. 2; S.I. 2002/2711, art. 2 (subject to transitional provisions in arts. 3-5)

Modifications etc. (not altering text)
C1

Sch. A1 applied (with modifications) (E.W.) (1.1.2003) by S.I. 1994/2421, art. 4(1), Sch. 1 (as amended (1.1.2003) by S.I. 2002/2708, arts. 4-6 (with transitional provisions in art. 11) and (1.7.2005) by S.I. 2005/1516, art. 6)

Part I Introductory

Eligible companies

F14

1

A company is excluded from being eligible for a moratorium if, on the date of filing—

F2a

the company is in administration,

b

the company is being wound up,

c

there is an administrative receiver of the company,

d

a voluntary arrangement has effect in relation to the company,

e

there is a provisional liquidator of the company,

f

a moratorium has been in force for the company at any time during the period of 12 months ending with the date of filing and—

i

no voluntary arrangement had effect at the time at which the moratorium came to an end, or

ii

a voluntary arrangement which had effect at any time in that period has come to an end prematurely, or

F3fa

an administrator appointed under paragraph 22 of Schedule B1 has held office in the period of 12 months ending with the date of filing,

g

a voluntary arrangement in relation to the company which had effect in pursuance of a proposal under section 1(3) has come to an end prematurely and, during the period of 12 months ending with the date of filing, an order under section 5(3)(a) has been made.

2

Sub-paragraph (1)(b) does not apply to a company which, by reason of a winding-up order made after the date of filing, is treated as being wound up on that date.