Rule 26 Amendment of Part 4I1

In Rule 4.034 (Termination of appointment) at the end insert—

“(3)

Notice of termination of the appointment of a provisional liquidator must be given by the provisional liquidator, unless the termination is on the making of a winding-up order or the court otherwise directs.

(4)

The notice referred to in paragraph (3)—

(a)

must be sent as soon as reasonably practicable to—

(i)

the registrar; and

(ii)

if a moratorium under Part 1A of the Order is in force for the company, the monitor;

(b)

must be gazetted as soon as reasonably practicable; and

(c)

may be advertised in such other manner as the provisional liquidator thinks fit.

(5)

The notice under paragraph (3) must state—

(a)

that the appointment as provisional liquidator has been terminated;

(b)

the date of that termination; and

(c)

that the appointment terminated otherwise than on the making of a winding-up order.”.