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Regulation 15 Registration and filing requirements in Scotland

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

(1)

Where an insolvency practitioner is appointed to act in relation to a company as a liquidator, provisional liquidator, administrator or supervisor of a voluntary arrangement approved under Part I of the Act or as an administrative receiver, he shall retain in the sederunt book kept under Rule 7.33 of the Insolvency (Scotland) Rules 1986f1 the principal copy of any certificate and of any further certificate of specific penalty issued in respect of his so acting and shall, within 14 days of the receipt of such certificate or further certificate, deliver a copy of it to the registrar of companies for registration.

(2)

Where an insolvency practitioner is appointed to act as interim trustee or permanent trustee or as trustee under a trust deed for creditors, he shall retain in the sederunt book kept for those proceedings the principal copy of any certificate and of any further certificate of specific penalty issued in respect of his so acting and shall, within 14 days of the receipt of such certificate or further certificate, deliver a copy of it to the Accountant in Bankruptcy for retention by him.

(3)

In this Regulation:–

(a)

“company” means a company which the courts in Scotland have jurisdiction to wind up; and

(b)

“administrative receiver” means a receiver appointed under section 51 of the Act (appointment of receivers under the law of Scotland) who is an administrative receiver.

Annotations

Footnotes

f1

S.I. 1986/1915, amended by S.I. 1987/1921.