This section has no associated Explanatory Notes
33(1)Section 247 (meaning of “insolvency” and “go into liquidation”) shall be amended as follows.E+W+S
(2)In subsection (1) for “the making of an administration order or the appointment of an administrative receiver” substitute “ or the appointment of an administrator or administrative receiver ”.
(3)For subsection (3) substitute—
“(3)The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of—
(a)paragraph 83(6)(b) of Schedule B1, or
(b)an order made following conversion of administration or a voluntary arrangement into winding up by virtue of Article 37 of the EC Regulation.”