SCHEDULES

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

PART 1 Company insolvency

Company voluntary arrangements

5 (1) Section 4A (approval of arrangement) is amended as follows.

(2) In subsection (2)—

(a) in paragraph (a) for “both meetings summoned under section 3” substitute “the meeting of the company summoned under section 3 and by the company’s creditors pursuant to that section”;

(b) in paragraph (b) for “creditors’ meeting summoned under” substitute “company’s creditors pursuant to”.

(3) In subsections (3), (4)(a) and (6)(a) for “creditors’ meeting” substitute “company’s creditors”.