Companies Act 1989
2.—(1) The Companies Act 1989(1) is amended as follows.
(2) In subsection (4A) of section 159 (proceedings of exchange or clearing house take precedence over insolvency procedures)(2)—
(a)in paragraph (a)—
(i)for “to the chairman of the meeting of creditors” substitute “to the convener”, and
(ii)for “at a meeting of creditors” substitute “in a decision procedure”; and
(b)in paragraph (b), for “at a meeting of creditors” substitute “ in a decision procedure”.
(3) In subsection (4)(b) of section 163 (net sum payable on completion of default proceedings), for “a meeting of creditors had been summoned under section 98” substitute “a statement as to the affairs of the company had been made out and sent under section 99”.
Subsection (4A) was inserted by S.I. 1991/880 and amended by S.I. 2009/853.