Paragraph 142 Amendment of Rule 12.1

In paragraph (1) of Rule 12.1 for the words “make regulations” there shall be substituted the words “, subject to the Act and the Rules, make regulations with respect to any matter provided for in the Rules as relates to the carrying out of the functions of a liquidator, provisional liquidator, administrator or administrative receiver of a company, an interim receiver appointed under section 286, of the official receiver while acting as receiver or manager under section 287 or of a trustee of a bankrupt’s estate, including, without prejudice to the generality of the foregoing, provision”.

In paragraph (3) of Rule 12.1 there shall be added at the end the words:—

“; and

(d)

contain such incidental, supplemental and transitional provisions as may appear to the Secretary of State necessary or expedient”.