SCHEDULES
SCHEDULE 7 Other amendments of 1986 Act
Winding up: grounds and petitioners
I139
In subsection (4) of section 89 of the 1986 Act (winding up: grounds and petitioners), for paragraph (b) there shall be substituted the following paragraph—
b
the reference to its existing for an illegal purpose includes a reference to its existing after it has ceased to comply with the requirement imposed by section 5(1)(a) (purpose or principal purpose).