Section 48 Removal of liquidator: winding up by the High CourtI1

Northern Ireland Not yet in force

(1)

Article 146 (removal etc of liquidator in winding up by the High Court) is amended as follows.

(2)

In paragraph (2), for “general meeting of the company’s creditors summoned” substitute “decision of the company’s creditors made by a qualifying decision procedure instigated”.

(3)

In paragraph (3)—

(a)

in sub-paragraph (a), omit “a meeting of”;

(b)

for the words from “a general meeting” to “the meeting” substitute “a qualifying decision procedure such as is mentioned in paragraph (2) is to be instigated only if the liquidator thinks fit, the High Court so directs, or it”.

(4)

For paragraph (7) substitute—

“(7)

Where the liquidator has produced an account of the winding up under Article 124 (final account), the liquidator vacates office as soon as the liquidator has complied with Article 124(4) (requirement to send account etc to registrar and the High Court).”.

Annotations

Commencement

I1: S. 48 not in operation at Royal Assent, see s. 120(02)