OpenLegislation

Paragraph 11

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Article 20A (prosecution of delinquent officers of company) is amended as follows.

(2)

For paragraph (1) substitute—

“(1)

This Article applies where the approval of a voluntary arrangement in relation to a company has taken effect under Article 17A.”

(3)

In paragraph (2)—

(a)

for the words before sub-paragraph (a) substitute “ If it appears to the supervisor that any past or present officer of the company has committed an offence in connection with the voluntary arrangement, the supervisor must forthwith ”;

(b)

in sub-paragraph (b), omit “nominee or”.

(4)

In paragraph (8), omit “nominee or”.