Amendments proposed to the Enterprise Bill, As Amended - continued House of Commons

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Ms Secretary Hewitt

125

Page     276,     line     17     [Schedule     17],     at end insert—

      'General

     A1 In any instrument made before section 242(1) to (3) of this Act comes into force—

            (a)   a reference to the making of an administration order shall be treated as including a reference to the appointment of an administrator under paragraph 12 or 20 of Schedule B1 to the Insolvency Act 1986 (c.45) (inserted by section 242(2) of this Act), and

            (b)   a reference to making an application for an administration order by petition shall be treated as including a reference to making an administration application under that Schedule, appointing an administrator under paragraph 12 or 20 of that Schedule or giving notice under paragraph 13 or 24 of that Schedule.'.

   

Ms Secretary Hewitt

329

*Page     276,     line     35     [Schedule     17],     at end insert—

     '5A In section 652B(3) (duty when applying to strike off defunct company) for paragraph (c) substitute—

          "(c) the company is in administration under Part II of that Act;

          (ca) an application to the court for an administration order in respect of the company has been made and not finally dealt with or withdrawn;

          (cb) a copy of notice of intention to appoint an administrator of the company under paragraph 12 of Schedule B1 to that Act has been filed with the court and neither of the events mentioned in paragraph 42(1A)(a) and (b) of that Schedule has occurred;

          (cc) a copy of notice of intention to appoint an administrator of the company under paragraph 20 of that Schedule has been filed with the court and neither of the events mentioned in paragraph 42(2)(a) and (b) of that Schedule has occurred;"'.

     5B In section 652C(4) (director's duty following application to strike off defunct company) for paragraph (d) substitute—

          "(d) an application to the court for an administration order in respect of the company is made under paragraph 10 of Schedule B1 to that Act;

          (da) an administrator is appointed in respect of the company under paragraph 12 or 20 of that Schedule;

          (db) a copy of notice of intention to appoint an administrator of the company under paragraph 12 or 20 of that Schedule is filed with the court;"'.

   

Ms Secretary Hewitt

126

Page     277,     line     29     [Schedule     17],     at end insert—

     '12A After section 129(1) (commencement of winding up) insert—

          "(1A)   Where the court makes a winding-up order by virtue of paragraph 11(1)(e) of Schedule B1, the winding up is deemed to commence on the making of the order."'.


   

Ms Secretary Hewitt

330

*Page     278,     line     24     [Schedule     17],     at end insert 'copy of a'.

   

Ms Secretary Hewitt

331

*Page     278,     line     26     [Schedule     17],     after 'paragraph', insert '12 or'.

   

Ms Secretary Hewitt

127

Page     278,     line     29     [Schedule     17],     after '(3)(a)', insert ', (aa)'.

   

Ms Secretary Hewitt

332

*Page     278,     line     36     [Schedule     17],     after 'paragraph', insert '12 or'.

   

Ms Secretary Hewitt

333

*Page     278,     line     37     [Schedule     17],     leave out from first 'of' to 'the' in line 38 and insert 'a copy of a notice of intention to appoint under that paragraph, the date on which the copy of'.

   

Ms Secretary Hewitt

334

*Page     278,     line     44     [Schedule     17],     after 'liquidation', insert 'either following conversion of administration into winding up by virtue of Article 37 of the EC Regulation or'.

   

Ms Secretary Hewitt

335

*Page     279,     line     1     [Schedule     17],     after 'or', insert 'a copy of the'.

   

Ms Secretary Hewitt

336

*Page     279,     line     13     [Schedule     17],     leave out paragraph (c) and insert—

          "(c) a copy of a notice of intention to appoint an administrator under paragraph 12 or 20 of Schedule B1 has been filed,"'.

   

Ms Secretary Hewitt

337

*Page     279,     line     24     [Schedule     17],     leave out paragraph (c) and insert—

          "(c) a copy of a notice of intention to appoint an administrator under paragraph 12 or 20 of Schedule B1 has been filed,"'.

   

Ms Secretary Hewitt

338

*Page     280,     line     4     [Schedule     17],     at end insert 'copy of'.

   

Ms Secretary Hewitt

339

*Page     280,     line     6     [Schedule     17],     after 'paragraph', insert '12 or'.

   

Ms Secretary Hewitt

340

*Page     280,     line     15     [Schedule     17],     after 'paragraph', insert '12 or'.

   

Ms Secretary Hewitt

341

*Page     280,     line     16     [Schedule     17],     leave out from first 'of' to 'the' in line 17 and insert 'a copy of notice of intention to appoint under that paragraph, the date on which the copy of'.

   

Ms Secretary Hewitt

342

*Page     280,     line     32     [Schedule     17],     leave out 'After subsection (2) add' and insert 'For subsection (3) substitute'.

   

Ms Secretary Hewitt

343

*Page     280,     line     35     [Schedule     17],     after first 'of', insert—

          '(a) '.

   

Ms Secretary Hewitt

344

*Page     280,     line     35     [Schedule     17],     at end insert ', or

      (b) an order made following conversion of administration or a voluntary arrangement into winding up by virtue of Article 37 of the EC Regulation.'.

   

Ms Secretary Hewitt

345

*Page     280,     [Schedule     17],     leave out line 36 and insert—

    '(1) Section 387 (preferential debts: "the relevant date") shall be amended as follows.

    (2)  In subsection (2) for paragraphs (a) and (b) substitute—

          "(a) if the company is in administration, the date on which it entered administration, and

          (b) if the company is not in administration, the date of the approval of the voluntary arrangement."

    (3) In subsection (3)—

            (a)   in paragraphs (aa) and (ab) for "the date of the making of the administration order" substitute "the date on which the company entered administration",

            (b)   after paragraph (b) insert—

          "(ba) if the case does not fall within paragraph (a), (aa), (ab) or (b) and the company is being wound up following administration pursuant to paragraph 82 of Schedule B1, the relevant date is the date on which the company entered administration;", and

            (c)   in paragraph (c) for "paragraph (a), (aa), (ab) or (b)" substitute "paragraph (a), (aa), (ab), (b) or (ba)".

    (4) After subsection (3)'.

   

Ms Secretary Hewitt

128

Page     280,     line     40     [Schedule     17],     at end insert—

     '30A In section 422 (power to apply first Group of Parts to banks, &c.) for subsection (1) substitute—

          "(1)   The Secretary of State may by order made with the concurrence of the Treasury and after consultation with the Financial Services Authority provide that specified provisions in the first Group of Parts shall apply with specified modifications in relation to any person who—

          (a) has a liability in respect of a deposit which he accepted in accordance with the Banking Act 1979 (c.37) or 1987 (c.22), but

          (b) does not have permission under Part IV of the Financial Services and Markets Act 2000 (c.8) (administration) to accept deposits.

          (1A)   Subsection (1)(b) shall be construed in accordance with—

          (a) section 22 of the Financial Services and Markets Act 2000 (classes of regulated activity and categories of investment),

          (b) any relevant order under that section, and

          (c) Schedule 2 to that Act (regulated activities)."'.

   

Ms Secretary Hewitt

346

*Page     283,     line     26     [Schedule     17],     at end insert—

     '38A In section 158 (modification of insolvency law)—

            (a)   in subsection (3) for paragraph (b) substitute—

          "(b) the application for an administration order or the presentation of a winding-up petition or the passing of a resolution for voluntary winding up,", and

            (b)   after subsection (3) insert—

          "(3A)   In subsection (3)(b) the reference to an application for an administration order shall be taken to include a reference to—

          (a) in a case where an administrator is appointed under paragraph 12 or 20 of Schedule B1 to the Insolvency Act 1986 (appointment by floating charge holder, company or directors) following filing with the court of a copy of a notice of intention to appoint under that paragraph, the filing of the copy of the notice, and

          (b) in a case where an administrator is appointed under either of those paragraphs without a copy of a notice of intention to appoint having been filed with the court, the appointment of the administrator."'.

   

Ms Secretary Hewitt

129

Page     283,     line     29     [Schedule     17],     leave out '41(6) (including' and insert '40 or 41 (including paragraph 41(6)'.

 
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Prepared 11 Jun 2002