13E+WParagraph 54 is to have effect as if the following were substituted for it—
“54(1)The education administrator of a company may on one or more occasions revise the proposals included in the statement made under paragraph 49 in relation to the company.
(2)If the education administrator thinks that a revision is substantial, the education administrator must send a copy of the revised proposals—
(a)to the registrar of companies,
(b)to the appropriate national authority,
(c)to any director of children's services to whom the statement of proposals was sent under paragraph 49,
(d)to every creditor of the company, other than an opted-out creditor, of whose claim and address the education administrator is aware, and
(e)to every member of the company of whose address the education administrator is aware.
(3)A copy sent in accordance with sub-paragraph (2) must be sent within the prescribed period.
(4)The education administrator is to be taken to have complied with sub-paragraph (2)(d) if the education administrator publishes, in the prescribed manner, a notice undertaking to provide a copy of the revised proposals free of charge to any member of the company who applies in writing to a specified address.
(5)An education administrator who fails without reasonable excuse to comply with this paragraph commits an offence.”
Commencement Information
I1Sch. 4 para. 13 in force at 31.1.2019 by S.I. 2018/1161, reg. 3(d)