(1)The following shall be substituted for Part II of the Insolvency Act 1986 (c. 45) (administration orders)—
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.
Modifications etc. (not altering text)
C1S. 248: power to modify extended (5.10.2004) by Energy Act 2004 (c. 20), ss. 170(2)(a), 198(2); S.I. 2004/2575, art. 2(1), Sch. 1
C2S. 248 modified (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 84(a), 93(2)(3); S.I. 2011/2329, art. 3
C3S. 248 power to modify extended (18.12.2011) by Energy Act 2011 (c. 16), ss. 100(2)(a), 121(3)
C4S. 248 modified (5.7.2018) by Housing and Planning Act 2016 (c. 22), ss. 114(1)(2)(a), 216(3) (with ss. 116, 117); S.I. 2018/805, reg. 3(a)
C5S. 248 amendment to earlier amending provision 2004 c. 20, s. 170 (23.7.2018) by Smart Meters Act 2018 (c. 14), ss. 8(3), 14(5)
C6S. 248 modified (23.7.2018) by Smart Meters Act 2018 (c. 14), s. 8(1)(2), 14(5)
C7S. 248 modified (31.1.2019) by Technical and Further Education Act 2017 (c. 19), ss. 34, 47(2); S.I. 2018/1161, reg. 3(a)
C8S. 248 extended (31.3.2022 for specified purposes, 1.6.2022 in so far as not already in force) by Nuclear Energy (Financing) Act 2022 (c. 15), ss. 37(1), 44(1)(c)(2)(c)
C9S. 248 power extended (26.12.2023) by Energy Act 2023 (c. 52), ss. 47(1)(2), 334(3)(a)