SCHEDULES
F1C2C3C4SCHEDULE B1 ADMINISTRATION
Sch. B1 applied in part (with modifications) (5.10.2004) by Energy Act 2004 (c. 20), ss. 159(1), 198, Sch. 20 Pts. 1-3; S.I. 2004/2575, art. 2(1), Sch. 1
Sch. B1 applied (with modifications) (1.7. 2005) by S.I. 1994/2421, art. 6(1), Sch. 2 (as amended (1.7.2005) by S.I. 2005/1516, arts. 3, 7, Sch. 1 (with art. 2))
Sch. B1: specified provisions applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), {Sch. 10 Pts. 1, 2}; S.I. 2011/2329, art. 3 (with arts. 4, 5)
PROCESS OF ADMINISTRATION
C153Business and result of initial creditors’ meeting
1
An initial creditors’ meeting to which an administrator’s proposals are presented shall consider them and may—
a
approve them without modification, or
b
approve them with modification to which the administrator consents.
2
After the conclusion of an initial creditors’ meeting the administrator shall as soon as is reasonably practicable report any decision taken to—
a
the court,
b
the registrar of companies, and
c
such other persons as may be prescribed.
3
An administrator commits an offence if he fails without reasonable excuse to comply with sub-paragraph (2).
Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))