19(1)Section 95 (effect of company's insolvency) is amended as follows.U.K.
(2)After subsection (1) insert—
“(1A)The liquidator must before the end of the period of 7 days beginning with the day after the day on which the liquidator formed that opinion—
(a)make out a statement in the prescribed form as to the affairs of the company, and
(b)send it to the company's creditors.”
(3)Omit subsections (2) to (3) and (5) to (7).
(4)After subsection (4A) insert—
“(4B)The company's creditors may in accordance with the rules nominate a person to be liquidator.
(4C)The liquidator must in accordance with the rules seek such a nomination from the company's creditors.”
(5)In subsection (8), for “this section” substitute “ subsections (1) to (4A) ”.
Commencement Information
I1Sch. 9 para. 19 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)