The Insolvency (Scotland) Amendment Rules 2010
1Citation, commencement and interpretation
2In these Rules “the principal Rules” means the Insolvency (Scotland)...
3Amendments to the principal Rules
4Transitional provisions – general
5Revocations and amendments relating to new provisions in the Act
6Amendments relating to preparation of proposals for voluntary arrangements
SCHEDULE 1AMENDMENTS TO THE PRINCIPAL RULES
1In Rule 0.2(1) before “territorial proceedings” insert— “Standard content” means—...
2Insert after Rule 0.2(2)— (3) A document or information given,...
3After Rule 1.1 insert— CHAPTER 1A THE GIVING OF NOTICE...
4Omit Rule 1.2.
5In Rule 1.3(2)— (a) omit “and” after paragraph (o); and...
6In Rule 1.3(3) for “former’s” substitute “nominee’s”.
7For Rule 1.5(1) substitute— (1) The directors shall, at the...
8In Rule 1.5(4)— (a) for “their” substitute “the relevant director’s”;...
9In Rule 1.6(3) for “him access to the company’s accounts...
10In paragraphs (1) and (2) of Rule 1.8 for “7”...
11In Rule 1.9(1) omit “less than 14, nor”.
12In Rule 1.9(2) after “lodged” insert “and shall state the...
13In Rule 1.9(2)— (a) omit “and” after paragraph (b); and...
14After Rule 1.9(2) insert— (3) Notices calling the meetings shall...
15In Rule 1.10— (a) in paragraph (a), after “in administration”...
16For Rule 1.11(1) substitute— (1) Notices calling meetings under section...
17In Rule 1.11(2)— (a) delete “and” after paragraph (a); and...
18Omit Rule 1.13.
19In Rule 1.14(1) for “person summoning the meetings (“the convenor”)...
20In Rule 1.14(3) for “7” substitute “5 business”.
21After Rule 1.14(3) insert— (4) Meetings shall, in all cases,...
22After Rule 1.14 insert— Remote Attendance at Meetings (1) This Rule applies to a request to the nominee...
23After Rule 1.14A insert— Chairman of meeting as proxy holder...
24At the end of Rule 1.15A(3) insert—
25After Rule 1.15A insert— Entitlement to vote (members) (1) Members of a company at their meeting shall vote...
26After Rule 1.16(5) insert— (6) During a meeting, the chairman...
27After Rule 1.16 insert— Requisite Majorities at Creditors’ Meetings (1) Subject to paragraph (2), a resolution is passed at...
28In Rule 1.17(3) before “days” insert “business”.
29In Rule 1.17(4) for “immediately” substitute “as soon as reasonably...
30In Rule 1.18(1) for “may”, where it first occurs, substitute...
31In Rule 1.18A(5) for “7” substitute “5 business”.
32In paragraphs (4)(b) and (5) of Rule 1.20 for “7”...
33For Rule 1.21 substitute— Supervisor’s accounts (1) This Rule applies where the voluntary arrangement authorises or...
34In Rule 1.27(1)— (a) for “no later than 7 days...
35In Rule 1.27(4)— (a) for “their” substitute “the relevant director’s”;...
36After Rule 1.30(2) insert— (2A) In addition to the standard...
37In Rule 1.30(3) for “he” substitute “and address the nominee”....
38In Rule 1.31(2) for “certified copy interlocutor” substitute “copy”.
39After Rule 1.32(1) insert— (1A) In addition to the standard...
40In Rule 1.32(2) for “he” substitute “and address the nominee”....
41In Rule 1.35(d) for “he” substitute “and address the nominee”....
42In paragraphs (1) and (2) of Rule 1.36 for “7”...
43In Rule 1.36(3) for “his consent to act” substitute “that...
44In Rule 1.38 for “7” substitute “5 business”.
45In Rule 1.39 omit paragraph (1).
46For Rule 1.39(2) substitute— (2) Subject to the provisions in...
47In Rule 1.40(2) for “he” substitute “the nominee”.
48For Rule 1.40(4) substitute— (4) Each notice sent under this...
49In Rule 1.43 for paragraphs (1) and (2) substitute—
50After Rule 1.44(1) insert— (1A) During a meeting, the chairman...
51For Rule 1.46(1) substitute— (1) Where a member State liquidator...
52In Rule 1.47(1)(b)— (a) for “deponent’s belief” substitute “belief of...
53For Rule 1.47(1)(c) substitute— (c) the opinion of the person...
54In paragraphs (1), (2) and (4) of Rule 1.48 for...
55After Rule 1.49, insert— CHAPTER 10 Omission of Information from...
56In Rule 2.1(1)(d) after the entry “—Chapter 5: Process of...
57After Rule 2.19(1) insert— (1A) In addition to the standard...
58In Rule 2.22(1) after “administration” insert “or might be reasonably...
59In Rule 2.23(3) for “out of the assets” substitute “as...
60In Rule 2.24(1)— (a) for “the company’s affairs” substitute “affairs...
61After paragraph 2.25(1)(j) insert— (ka) a statement complying with paragraph...
62For Rule 2.25(1)(l) substitute— (l) a statement (which must comply...
63Omit paragraph 2.25(1)(m).
64After Rule 2.25(1) insert— (1A) In this Part—
65After Rule 2.25(3) insert— (3A) Where proposals are deemed under...
66In Rule 2.25(5) for “10” substitute “7 business”.
67For Rule 2.25(6A) substitute— (6A) A notice published under Rule...
68After Rule 2.25 insert— Limited disclosure of paragraph 49 statement...
69In Rule 2.26A— (a) for paragraphs (1) and (2) substitute—...
70After Rule 2.26A insert— Remote Attendance at Meetings (1) This Rule applies to a request to the administrator...
71In Rule 2.27(2) omit the words “once only and”.
72In Rule 2.27 omit paragraph (4).
73After Rule 2.27 insert— Suspension and Adjournment (1) This Rule applies to all meetings of creditors, and...
74In Rule 2.28(6) for “4.15 as applied by this Part”...
75For Rule 2.29 substitute— Applicable Law (Company Meetings) Subject to anything to the contrary in the Act and...
76In Rule 2.31 for “12” substitute “8 business”.
77In Rule 2.32(1) for “does” substitute “and (b) do”.
78After Rule 2.32 insert— Notice of meetings by advertisement only...
79After Rule 2.34(1)(h)(iii) insert— ; and (iv) where applicable, the...
80In Rule 2.34(2) after “5” insert “business”.
81In Rule 2.35(1)(a) after “notice of the meeting” insert “and...
82In Rule 2.35(1)(b) omit “to the registrar of companies and”....
83After Rule 2.35 insert— Action where person excluded (1) In this Rule and Rules 2.35B and 2.35C an...
84For Rule 2.36 substitute— Constitution of committee (1) Where it is resolved by the creditors’ meeting to...
85For Rule 2.38(2) substitute— (2) For the purposes of this...
86In Rule 2.39A(1)— (a) after “remuneration” insert “or outlays”; and...
87In Rule 2.39A(5)— (a) for “has” substitute “and outlays have”;...
88In Rule 2.39B(3)(a)(viii) after “Rule 2.39” insert “and unpaid pre-administration...
89After Rule 2.39B insert— Pre-administration costs (1) Where the administrator has made a statement of pre-administration...
90After Rule 2.41(5)(b) insert— ; and (c) in Rule 4.66(1)(d)...
91After Rule 2.41A insert— New administrator appointed (1) If a new administrator is appointed in place of...
92In Rule 2.43(2) after “and to all” insert “other”.
93At the end of the heading to Rule 2.45 insert...
94In Rule 2.45(2) for “those” substitute “other”.
95In Rule 2.46(3) for “7” substitute “5 business”.
96For Rule 2.47 substitute— Moving from administration to creditors’ voluntary...
97In Rule 2.48(2) for “those” substitute “other persons”.
98In Rule 2.50(1) for “7” substitute “5 business”.
99In Rule 2.51(2) for “those” substitute “other persons”.
100In Rule 2.52(1) omit “or, where the deceased administrator was...
101In Rule 2.52 insert after paragraph (1)—
102For Rule 2.57(1) substitute— (1) Where a member State liquidator...
103In Rule 2.58(1)(b) for “a winding up” substitute “winding-up proceedings”....
104In Rule 2.59(1) and (2) for “winding up” substitute “winding-up...
105In Rule 7.3(2) for sub-paragraph (a) substitute—
106In Rule 7.9(4)(a) omit “supervisor”.
107In Rule 7.9(4)(b) omit “voluntary arrangement;”.
108In Rule 7.9 omit sub-sub-paragraph (4)(c)(i).
109In Rule 7.11 omit paragraph (2).
110In Rule 7.12 omit paragraph (2).
111After Rule 7.13B(2) insert— (3) In an administration, paragraph (2)...
112After Rule 7.21(1) insert— (1A) In Parts 1 and 2...
113After Rule 7.21 insert— Contents of notices in Parts 1...
114After Rule 7.30, insert— Electronic submission of information instead of...
115For Rule 7.35 substitute— Information about time spent on a...
116In Form 2.25B (Scot) (Notice of move from administration to...
117The Form contained in Schedule 2 to these Rules is...
118In Form 2.30B (Scot) (Notice of vacation of office by...
SCHEDULE 2FORM FOR INSERTION INTO SCHEDULE 5 TO THE PRINCIPAL RULES

2010 No. 688 (S. 2)

Insolvency, ScotlandCompanies

The Insolvency (Scotland) Amendment Rules 2010

Made

Laid before Parliament

Coming into force

The Secretary of State makes the following Rules in exercise of the powers conferred by section 411 of the Insolvency Act 19861.