SCHEDULES

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

PART 1Company insolvency

Winding-up

I147

1

Section 195 (meetings to ascertain wishes of creditors or contributories) is amended as follows.

2

In subsection (1)(b), for the words from “meetings” to the end substitute “ qualifying decision procedures to be instigated or the deemed consent procedure to be used in accordance with any directions given by the court, and appoint a person to report the result to the court ”.

3

In the heading, for “Meetings” substitute “ Court's powers ”.