OpenLegislation

Paragraph 10

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Provision as to the functions, membership and proceedings of a committee established underF1Article 59, 87 or 120, or paragraph 58 of Schedule B1.

(2)

The following provision with respect to the establishment of a committee under Article 87 or 120, that is to say—

(a)

provision for resolving differences between a meeting of the company's creditors and a meeting of its contributories or members;

(b)

provision authorising the establishment of the committee without a meeting of contributories in a case where a company is being wound up on grounds including its inability to pay its debts; and

(c)

provision modifying the requirements of this Order with respect to the establishment of the committee in a case where a winding‐up order has been made immediately upon the discharge of an administration order.

Annotations

Textual amendments

F1

Words in Sch. 5 para. 10(1) substituted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(3), Sch. 2 para. 46(3) (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2 - 7)