Part 10Insolvency

Companies etc.

C1248 Replacement of Part II of Insolvency Act 1986

1

The following shall be substituted for Part II of the Insolvency Act 1986 (c. 45) (administration orders)—

Part IIadministration

8 Administration

Schedule B1 to this Act (which makes provision about the administration of companies) shall have effect.

2

The Schedule B1 set out in Schedule 16 to this Act shall be inserted after Schedule A1 to the Insolvency Act 1986.

3

Schedule 17 (minor and consequential amendments relating to administration) shall have effect.

4

The Secretary of State may by order amend an enactment in consequence of this section.

5

An order under subsection (4)—

a

must be made by statutory instrument, and

b

shall be subject to annulment in pursuance of a resolution of either House of Parliament.