- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Instruments
INSOLVENCY, ENGLAND AND WALES
FEES
Made
7th March 2005
Laid before Parliament
8th March 2005
Coming into force
1st April 2005
The Lord Chancellor, in exercise of the powers conferred upon him by sections 414 and 415 of the Insolvency Act 1986(1) and with the sanction of the Treasury hereby makes the following Order:
1.—(1) This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2005 and shall come into force on 1st April 2005 (“the commencement date”).
2. In this Order references to the “principal Order” are to the Insolvency Proceedings (Fees) Order 2004(2) and a reference in this Order (other than in article 3) to a numbered article or Schedule is to the article or Schedule so numbered in the principal Order.
3. The amendments made by article 6 of this Order only apply in relation to any case where a winding-up or a bankruptcy order is made on or after the commencement date.
4. The principal Order shall be amended as set out in this Order.
5. In article 6—
(a)in paragraph (1)(c) after the words “sections 264(1)(a),” there is inserted “(ba), (bb),”; and
(b)in paragraph (2) for the words “The deposit” there are substituted “Where a bankruptcy or winding-up petition is presented the appropriate deposit is payable by the petitioner and the deposit”.
6. In Schedule 2 for paragraph 1(2)(b) there is substituted—
“(b)does not include anything done by the official receiver in connection with or for the purposes of—
(i)the appointment of agents for the purposes of, or in connection with, the realisation of assets;
(ii)the making of a distribution to creditors (including preferential or secured creditors or both such classes of creditor);
(iii)the realisation of assets on behalf of the holder of a fixed or floating charge or both types of those charges; or
(iv)the supervision of a special manager.”.
Falconer of Thoroton, C
3rd March 2005
We concur
Nick Ainger
Jim Murphy
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2005
(This note is not part of the Order)
This Order makes amendments to the Insolvency Proceedings (Fees) Order 2004 (S.I. 2004/593).
Article 6(1) of that Order is amended to provide that a deposit is payable where a bankruptcy petition is presented by a temporary administrator or a liquidator within the meaning of Council Regulation (EC) No 1346/2000. Article 6(2) is clarified in relation to the payment of deposits.
Schedule 2 is amended to exclude certain functions from the definition of the general duties of the official receiver in respect of which fees are payable under Schedule 2 to the 2004 Order.
No Regulatory Impact Assessment has been prepared in relation to this Order as it will not impose any significant costs on business.
S.I. 2004/593.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: