SCHEDULES

SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors

PART 1Company insolvency

Winding-up

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For section 100(1) (appointment of liquidator) substitute—

“(1)

The company may nominate a person to be liquidator at the company meeting at which the resolution for voluntary winding up is passed.

(1A)

The company's creditors may in accordance with the rules nominate a person to be liquidator.

(1B)

The directors of the company must in accordance with the rules seek such a nomination from the company's creditors.”