This section has no associated Explanatory Notes
17U.K.In section 17 of the 1986 Act (general duties of administrator), as applied by this Part of this Schedule in relation to a foreign company,—
(a)in subsection (1), the reference to property shall be taken as a reference to property for the time being situated within Great Britain; and
(b)in subsection (2), the reference to the affairs, business and property of the company shall be taken as a reference to—
(i)the affairs and business of the foreign company so far as carried on in Great Britain, and
(ii)the property of that company so far as that property is for the time being situated within Great Britain.
Commencement Information
I1Sch. 14 para. 17 in force at 15.7.2003 by S.I. 2003/1920, art. 2(b)