(1)The Secretary of State may by order provide for a provision of the Insolvency Act 1986 to apply (with or without modification) in relation to a company incorporated outside Great Britain.
(2)An order under this section—
(a)may make provision generally or for a specified purpose only,
(b)may make different provision for different purposes, and
(c)may make transitional, consequential or incidental provision.
(3)An order under this section—
(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. 254: power to modify extended (5.10.2004) by Energy Act 2004 (c. 20), ss. 170(2)(b), 198(2); S.I. 2004/2575, art. 2(1), Sch. 1
C2S. 254 modified (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 84(b), 93(2)(3); S.I. 2011/2329, art. 3
Textual Amendments applied to the whole legislation
F1Act: for the words "solicitor of the Supreme Court of Northern Ireland" wherever they occur there is substituted (prosp.) the words "solicitor of the Court of Judicature of Northern Ireland" by virtue of Constitutional Reform Act 2005 (c. 4), ss. 59, 148(1), Sch. 11 para. 5 [Editorial Note: this amendment will be carried through into the text of the Act at the same time as any other effects on the Act for the year in which the relevant commencement order (or first such order) is made]