Paragraph 5 I1
England and Wales
Any voting rights which a creditor might otherwise exercise at a meeting in respect of a claim against the company are reduced by a sum equal to the amount of that claim in relation to which the F1scheme manager, by virtue of its having submitted a statement, is entitled to exercise voting rights at that meeting.
Annotations
Textual amendments
- F1
Words in Sch. 1 substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 378(3)
Commencement
- I1
Sch. 1 para. 5 in force at 29.12.1986, see rule 0.1