C1C2C3C4Part III Receivership

Annotations:
Modifications etc. (not altering text)
C1

Pts. I-VII (ss. 1-251) applied (with modifications) by S.I. 1989/1276, arts. 2, 3

Pt. 3 applied (with modifications) (4.4.2006) by The Cross-Border Insolvency Regulations 2006 (S.I. 2006/1030), reg. 3

C2

Pt. III (ss. 28-72) extended by S.I. 1989/638, regs. 19(1), 21

C3

Pt. III: power to apply or incorporate conferred (6.4.2001) by 2000 c. 12, s. 14; S.I. 2000/3316, art. 2

C4

Pts. 1-4, 6, 7 applied to limited liability partnerships (with modifications) (E.W.S.) (6.4.2001) by S.I. 2001/1090, reg. 5, Schs. 3, 4

F3CHAPTER IV PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER

Annotations:
Amendments (Textual)
F3

Pt. III Ch. IV (ss. 72A-72H) inserted (18.3.2003 for the purpose of giving effect to the insertion of s. 72H(2)-(5) and otherwise prosp.) by 2002 c. 40, ss. 250(1), 279 (with s. 249(6)); S.I. 2003/765, art. 2, Sch.

F172HF2 Sections 72A to 72G: supplementary

1

Schedule 2A (which supplements sections 72B to 72G) shall have effect.

2

The Secretary of State may by order—

a

insert into this Act provision creating an additional exception to section 72A(1) or (2);

b

provide for a provision of this Act which creates an exception to section 72A(1) or (2) to cease to have effect;

c

amend section 72A in consequence of provision made under paragraph (a) or (b);

d

amend any of sections 72B to 72G;

e

amend Schedule 2A.

3

An order under subsection (2) must be made by statutory instrument.

4

An order under subsection (2) may make—

a

provision which applies generally or only for a specified purpose;

b

different provision for different purposes;

c

consequential or supplementary provision;

d

transitional provision.

5

An order under subsection (2)—

a

in the case of an order under subsection (2)(e), shall be subject to annulment in pursuance of a resolution of either House of Parliament,

b

in the case of an order under subsection (2)(d) varying the sum specified in section 72B(1)(a) or 72E(2)(a) (whether or not the order also makes consequential or transitional provision), shall be subject to annulment in pursuance of a resolution of either House of Parliament, and

c

in the case of any other order under subsection (2)(a) to (d), may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.