Rule 0.2 Interpretation

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

rule 1.12-1.16E applied 2016 asp 21 s. 14B (as inserted) by Insolvency (Regulation (EU) 2015/848) 2017 reg. 4(8)
Rules applied (with modifications) by Building Society Special Administration 2009 rule 38-41
Rules applied (with modifications) by Limited Liability Partnerships 2001 reg. 6(1)
Rules specified provisions applied (with modifications) by Collective Investment in Transferable Securities (Contractual Scheme) 2013 Sch. 4

(1)

In these Rules

“the Act” means the Insolvency Act 1986;
“the Companies Act” means the Companies Act 1985^f1;
“the Bankruptcy Act” means the Bankruptcy (Scotland) Act 1985^f2;
“the Rules” means the Insolvency (Scotland) Rules 1986;
“accounting period” in relation to the winding up of a company, shall be construed in accordance with section 52(1) and (6) of the Bankruptcy Act as applied by Rule 4.68;
“business day” means any day other than a Saturday, a Sunday, Christmas Day, Good Friday or a day which is a bank holiday in any part of Great Britain;
“company” means a company which the courts in Scotland have jurisdiction to wind up;
“insolvency proceedings” means any proceedings under the first group of Parts in the Act or under these Rules;
“receiver” means a receiver appointed under section 51 (Receivers (Scotland)); and
“responsible insolvency practitioner” means, in relation to any insolvency proceedings, the person acting as supervisor of a voluntary arrangement under Part I of the Act, or as administrator, receiver, liquidator or provisional liquidator.

(2)

In these Rules, unless the context otherwise requires, any reference -

(a)

to a section is a reference to a section of the Act;

(b)

to a Rule is a reference to a Rule of the Rules;

(c)

to a Part or a Schedule is a reference to a Part of, or Schedule to, the Rules;

(d)

to a Chapter is a reference to a Chapter of the Part in which that reference is made.

Annotations