SCHEDULES

C1SCHEDULE 14PPP administration orders

Annotations:
Modifications etc. (not altering text)

Part I Modifications of the 1986 Act

Discharge of order

I17

1

Section 18 of the 1986 Act (discharge and variation of administration order), as applied by this Part of this Schedule, shall have effect as follows.

2

For subsections (1) and (2) there shall be substituted the following subsection—

1

An application for a PPP administration order to be discharged may be made—

a

by the special PPP administrator, on the ground that the purposes of the order have been achieved; or

b

by the Mayor of London, on the ground that it is no longer necessary that the purposes of the order are achieved.

3

In subsection (3), the words “or vary” shall be omitted.

4

In subsection (4), the words “or varied” and “or variation” shall be omitted and for the words “to the registrar of companies” there shall be substituted—

F1a

where the company—

i

is registered under the Companies Act 2006, or

ii

is subject to a requirement imposed by regulations under section 1043 or 1046 of the Companies Act 2006 (unregistered UK companies or overseas companies) to deliver any documents to the registrar of companies,

the words “to the Mayor of London and the registrar of companies”; and

b

where paragraph (a) above does not apply, the words “to the Mayor of London”.