SCHEDULES

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

PART 1Company insolvency

Winding-up

30

In section 114(2) (powers of directors in voluntary winding up where no liquidator nominated by company)—

(a)

omit “98 (creditors' meeting) and”;

(b)

after “affairs)” insert “ and 100(1B) (nomination of liquidator by creditors) ”.