SCHEDULES

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

PART 1Company insolvency

Winding-up

53

(1)

Schedule 10 (offences) is amended as follows.

(2)

For the entries for section 94(4) and (6) substitute—

“94(4)

Liquidator failing to send to company members a copy of account of winding up

Summary

Level 3 on the standard scale

94(5)

Liquidator failing to send to registrar a copy of account of winding up

Summary

Level 3 on the standard scale

One tenth of level 3 on the standard scale.”

(3)

In the entry for section 95(8), in column 2, for “s. 95” substitute “ s. 95(1) to (4A) ”.

(4)

Omit the entry for section 98(6).

(5)

In the entry for section 99(3), in column 2, for the words from “attend” to “meeting” substitute “ send statement in prescribed form to creditors ”.

(6)

For the entries for section 106(4) and (6) substitute—

“106(5)

Liquidator failing to send to company members and creditors a copy of account of winding up

Summary

Level 3 on the standard scale

106(6)

Liquidator failing to send to registrar a copy of account of winding up

Summary

Level 3 on the standard scale

One tenth of level 3 on the standard scale.”