Paragraph 24
In relation to a company under resolution, Part 27 of the Companies Act 2006 (mergers and divisions of public companies) has effect as if, in section 902 (application of this Part), for subsection (3) there were substituted—
“(3)This Part does not apply where the company in respect of which the compromise or arrangement is proposed—
(a)is being wound up; or
(b)is a company under resolution for the purposes of Part 17 of the Bank Recovery and Resolution (No. 2) Order 2014 M1.”.
Annotations
Marginal citations
- M1
See article 216(3) of this Order.
Notes on the whole SI
Textual amendments
- F1
Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)
Notes on Schedule 4
Modifications
- C1
Sch. 4 applied (with modifications) (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 5