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SCHEDULE 1Amendments to the Insolvency Rules 1986

Amendments to Rule 1.48

31.—(1) Rule 1.48 (summoning of meetings; procedure at meetings etc.) is amended as follows.

(2) For paragraph (4) substitute—

(4) Each notice sent under this Rule must—

(a)specify—

(i)the court in which the documents relating to the obtaining of the moratorium were filed and

(ii)the court reference; and

(b)state the effect of paragraphs (2) to (4) of Rule 1.52 (requisite majorities (creditors)).

(4A) With each notice there must be sent—

(a)a copy of the directors’ proposal;

(b)a copy of the statement of affairs or, if the nominee thinks fit, a summary of it (the summary to include a list of creditors and the amount of their debts); and

(c)the nominee’s comments on the proposal..