SCHEDULES
SCHEDULE 9Abolition of requirements to hold meetings; opted-out creditors
PART 1Company insolvency
Company voluntary arrangements
I1I2I36
1
Section 5 (effect of approval) is amended as follows.
2
In subsection (2)—
a
in paragraph (a) for “creditors' meeting” substitute “
time the creditors decided to approve the voluntary arrangement
”
;
b
in paragraph (b)(i) for the words from “at that” to “it)” substitute “in the qualifying decision procedure by which the creditors' decision to approve the voluntary arrangement was made”.
3
In subsection (4)(a) after “4(6)” insert “
and (6A)
”
.