# The Risk Transformation Regulations 2017, Paragraph 8: Further modifications to specific provisions of the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989 (1) The provisions of the Insolvency Act 1986 specified in the first column of Table 7 and the provisions of the Insolvency (Northern Ireland) Order 1989 specified in the second column of Table 7 apply to a cell with the modifications specified in the fourth column of Table 7. Table 7 Insolvency Act 1986 Insolvency (Northern Ireland) Order 1989 Subject Matter Modification Section 76 Article 63 Liability of past directors and shareholders These provisions apply where a protected cell company has made a payment (“the relevant payment” for the purposes of these provisions) to redeem or acquire shares issued on behalf of the cell in breach of the requirements of regulation 106. The reference to the directors who signed the statement made in accordance with section 714(1) to (3) of the Companies Act 2006 for the purposes of the redemption or purchase is to be treated as a reference to the directors who authorised the redemption or purchase. Section 103 Article 89 Cesser of directors’ powers Ignore these provisions. Section 124 Article 104 Application for winding up An administrator of the cell, or an administrator or liquidator of the core, may also present a petition for the winding up of a cell. Section 216 Article 180 Restriction on re-use of names Ignore these provisions. Section 221 Article 185 Winding up of unregistered companies Where an administrator or liquidator of the core of the protected cell company applies for the winding up of a cell, the cell may be wound up if the court is satisfied that the application is made in the discharge of the duty imposed on the administrator or liquidator by paragraph 2(2)(c) of Schedule 3 to these Regulations in relation to the cell. Section 222 Article 186 Inability to pay debts: unpaid creditor for £750 or more The written demand must be served on the cell by leaving it at the protected cell company’s registered office or in such manner as the court may approve or direct. Section 223 Article 187 Inability to pay debts: debt remaining unsatisfied after action brought Ignore these provisions. Paragraph 61 of Schedule B1 Paragraph 62 of Schedule B1 Administrator’s general powers (removal and appointment of directors) Ignore these paragraphs. Paragraph 69 of Schedule B1 Paragraph 70 of Schedule B1 Administrator as agent An administrator of a cell acts as agent for the protected cell company (on behalf of the cell). Paragraph 83 of Schedule B1 Paragraph 84 of Schedule B1 Moving from administration to liquidation Ignore these paragraphs. --- Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/schedule/2/paragraph/8 (the official version) Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/schedule-2/paragraph-8 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.