Paragraph 15

Paragraph 15 of Schedule 1 (transfer of net assets on dissolution or winding up) is amended as follows.

In sub-paragraph (1)(b), after “1985” insert “ (including such a company which is also a registered charity) ”.

At the end of sub-paragraph (4) insert— “ And in such a case any registered social landlord specified in a direction under sub-paragraph (2) must be one to which paragraphs (a) and (b) above apply. ”