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Regulation 18 Powers of reorganisation controller: section 899 compromise or arrangementF4

United Kingdom

(1)

The reorganisation controller may apply to the court for an order that a meeting or meetings be summoned under F1section 896(1) of the 2006 Act (court order for holding of meeting) in connection with a compromise or arrangement in relation to a member or former member.

(2)

Where a member, its creditors or members make an application under F2section 896(1) the reorganisation controller is entitled to attend and be heard at any hearing.

(3)

Where a meeting is summoned under F3section 896(1), the reorganisation controller is entitled to attend the meeting so summoned and to participate in it (but not to vote at it).

Annotations

Textual amendments

F1

Words in reg. 18(1) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(a)

F2

Words in reg. 18(2) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(b)

F3

Words in reg. 18(3) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(5)(c)

F4

Words in reg. 18 heading substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 27(4)