SCHEDULES

SCHEDULE 6Insolvency and company law

PART 3Winding up of companies

Release of liquidator where winding-up order rescinded

I110

In section 174 (release of liquidator of company being wound up by the court), after subsection (4) insert—

4A

Where a winding-up order made by the court in England and Wales is rescinded, the person (whether the official receiver or another person) who is the liquidator of the company at the time the order is rescinded has his release with effect from such time as the court may determine.