Part XV Subordinate Legislation

Fees orders

414 Fees orders (company insolvency proceedings).

(1)

There shall be paid in respect of—

(a)

proceedings under any of F1Parts A1 to VII of this Act, and

(b)

the performance by the official receiver or the Secretary of State of functions under those Parts,

such fees as the competent authority may with the sanction of the Treasury by order direct.

(2)

That authority is—

(a)

in relation to England and Wales, the Lord Chancellor, and

(b)

in relation to Scotland, the Secretary of State.

(3)

The Treasury may by order direct by whom and in what manner the fees are to be collected and accounted for.

(4)

The Lord Chancellor may, with the sanction of the Treasury, by order provide for sums to be deposited, by such persons, in such manner and in such circumstances as may be specified in the order, by way of security for fees payable by virtue of this section.

(5)

An order under this section may contain such incidental, supplemental and transitional provisions as may appear to the Lord Chancellor, the Secretary of State or (as the case may be) the Treasury necessary or expedient.

(6)

An order under this section shall be made by statutory instrument and, after being made, shall be laid before each House of Parliament.

(7)

Fees payable by virtue of this section shall be paid into the Consolidated Fund.

(8)

References in subsection (1) to F2Parts A1 to VII of this Act are to be read as including F3the Companies Acts so far as relating to, and to matters connected with or arising out of, the insolvency or winding up of companies.

F4(8A)

This section applies in relation to Part 2 of the Banking Act 2009 (bank insolvency) as in relation to Parts I to VII of this Act.

F5(8B)

This section applies in relation to Part 3 of the Banking Act 2009 (bank administration) as in relation to Parts I to VII of this Act.

F6(8C)

In subsections (8A) and (8B) the reference to Parts 2 and 3 of the Banking Act 2009 include references to those Parts as applied to building societies (see section 90C of the Building Societies Act 1986).

(9)

F7Nothing in this section prejudices any power to make rules of court; and the application of this section to Scotland is without prejudice to section 2 of the M1Courts of Law Fees (Scotland) Act 1895.