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

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Ms Secretary Hewitt

347

*Page     283,     line     30     [Schedule     17],     at end insert—

     '39A After section 167(1) (application by exchange or clearing house to Secretary of State about taking default proceedings) insert—

          "(1A)   In subsection (1) a reference to an administration order shall be taken to include a reference to the appointment of an administrator under—

          (a) paragraph 12 of Schedule B1 to the Insolvency Act 1986 (c.45) (appointment by holder of qualifying floating charge), or

          (b) paragraph 20 of that Schedule (appointment by company or directors)."'.

   

Ms Secretary Hewitt

130

Page     283,     line     35     [Schedule     17],     after '41(2)' insert 'and (3)'.

   

Ms Secretary Hewitt

131

Page     283,     line     35     [Schedule     17],     at end insert 'or repossession of goods)'.

   

Ms Secretary Hewitt

132

Page     283,     line     38     [Schedule     17],     leave out 'and 70' and insert ', 70 and 71'.

   

Ms Secretary Hewitt

133

Page     283,     line     39     [Schedule     17],     after 'charged', insert 'or hire-purchase'.

   

Ms Secretary Hewitt

348

*Page     283,     line     42     [Schedule     17],     at end insert—

     '(3) In subsection (2) for "an administration order has been made or a petition for an administration order has been presented" substitute "the occurrence of an event to which subsection (2A) applies".

    (4) After subsection (2) insert—

          "(2A)   This subsection applies to—

          (a) making an administration application under paragraph 10 of Schedule B1 to the Insolvency Act 1986,

          (b) appointing an administrator under paragraph 12 or 20 of that Schedule (appointment by floating charge holder, company or directors),

          (c) filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs."'.


   

Ms Secretary Hewitt

134

Page     284,     line     12     [Schedule     17],     at end insert—

      'Employment Rights Act 1996 (c. 18)

    41A (1) The Employment Rights Act 1996 shall be amended as follows.

    (2) In section 166(7) (application by employee for payment by Secretary of State)—

            (a)   in paragraph (a) omit "or an administration order", and

            (b)   after paragraph (a) insert—

          "(aa) if the company is in administration for the purposes of the Insolvency Act 1986,".

    (3) In section 183(3)(a) (insolvency of employer)—

            (a)   in paragraph (a) omit "or an administration order", and

            (b)   after paragraph (a) insert—

          "(aa) if the company is in administration for the purposes of the Insolvency Act 1986,".

    (4) Omit section 189(4) (transfer to Secretary of State of rights and remedies: priority of preferential debts).'.

   

Ms Secretary Hewitt

349

*Page     284,     [Schedule     17],     leave out lines 17 to 24 and insert—

          '(7)   Subsections (8) and (9) apply in relation to the reference in subsection (3) to applying for an administration order.

          (8)   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)—

          (a) the reference includes a reference to appointing an administrator under that paragraph, and

          (b) in respect of an appointment under either of those paragraphs the reference to the applicant shall be taken as a reference to the person making the appointment.

          (9)   In a case where a copy of a notice of intention to appoint an administrator under either of those paragraphs is filed with the court—

          (a) the reference shall be taken to include a reference to the filing of the copy of the notice, and

          (b) in respect of the filing of a copy of a notice of intention to appoint under either of those paragraphs the reference to the applicant shall be taken as a reference to the person giving the notice.'.

   

Ms Secretary Hewitt

350

*Page     284,     line     28     [Schedule     17],     leave out 'applying for' and insert 'the making of'.

   

Ms Secretary Hewitt

351

*Page     284,     line     37     [Schedule     17],     leave out 'In section 215(3)' and insert 'Section 215'.

   

Ms Secretary Hewitt

352

*Page     284,     line     38     [Schedule     17],     after 'insolvency)', insert 'shall be amended as follows.

    (2) In subsection (3)'.

   

Ms Secretary Hewitt

353

*Page     284,     line     41     [Schedule     17],     at end insert—

    '(3) After subsection (3) insert—

          "(3A)   In subsection (3) the reference to making an administration application includes a reference to—

          (a) appointing an administrator under paragraph 12 or 20 of Schedule B1 to the 1986 Act, or

          (b) filing with the court a copy of notice of intention to appoint an administrator under either of those paragraphs."'.

   

Ms Secretary Hewitt

140

Page     284,     line     41     [Schedule     17],     at end insert—

     '46A For section 359 (administration order) substitute—

          "359Administration order    (1)   The Authority may make an administration application under Schedule B1 to the 1986 Act (or present a petition under Article 22 of the 1989 Order) in relation to a company or insolvent partnership which—

          (a) is or has been an authorised person,

          (b) is or has been an appointed representative, or

          (c) is carrying on or has carried on a regulated activity in contravention of the general prohibition.

          (2)   Subsection (3) applies in relation to an administration application made (or a petition presented) by the Authority by virtue of this section.

          (3)   Any of the following shall be treated for the purpose of paragraph 9(a) of Schedule B1 to the 1986 Act (or Article 21(1)(a) of the 1989 Order) as unable to pay its debts—

          (a) a company or partnership in default on an obligation to pay a sum due and payable under an agreement, and

          (b) an authorised deposit taker in default on an obligation to pay a sum due and payable in respect of a relevant deposit.

          (4)   In this section—

      "agreement" means an agreement the making or performance of which constitutes or is part of a regulated activity carried on by the company or partnership,"authorised deposit taker" means a person with a Part IV permission to accept deposits (but not a person who has a Part IV permission to accept deposits only for the purpose of carrying on another regulated activity in accordance with that permission),"company" means a company—

          (a) in respect of which an administrator may be appointed under Schedule B1 to the 1986 Act, or

          (b) to which Article 21 of the 1989 Order applies, and

      "relevant deposit" shall, ignoring any restriction on the meaning of deposit arising from the identity of the person making the deposit, be construed in accordance with—

          (a) section 22,

          (b) any relevant order under that section, and

          (c) Schedule 2.

          (5)   The definition of "authorised deposit taker" in subsection (4) shall be construed in accordance with—

          (a) section 22,

          (b) any relevant order under that section, and

          (c) Schedule 2."'.

   

Ms Secretary Hewitt

354

*Page     285,     line     21     [Schedule     17],     after 'to', insert—

          '(a) '.

   

Ms Secretary Hewitt

355

*Page     285,     line     24     [Schedule     17],     after '(c).",', insert 'or

          (b) the filing with the court of a copy of notice of intention to appoint an administrator under either of those paragraphs."'.


   

Ms Secretary Hewitt

321

*Page     169,     line     10     [Clause     244],     leave out 'or is expected to incur' and insert 'or, when the agreement was entered into was expected to incur,'.

   

Ms Secretary Hewitt

322

*Page     170,     line     11     [Clause     244],     leave out 'a project company incurs or is expected to incur' and insert 'under an agreement relating to the project a project company incurs, or when the agreement is entered into is expected to incur,'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

13

Page     170,     line     27     [Clause     244],     at end insert—

    '72FA Sixth exception: Registered Social Landlords    1.   Section 72A does not prevent the appointment of an administrative receiver of a company which is a registered social landlord at the time of the appointment.

    2.   Section 72A does not prevent the appointment of an administrative receiver of a company which, at the time of the creation of the relevant qualifying floating charge, was either:

      (a) a registered social landlord; or

      (b) a housing association registered as such in the register previously maintained pursuant to Part I of the Housing Associations Act 1985.

    3.   In subsections (1) and (2) "registered social landlord" means a body registered as a social landlord pursuant to section 3 of the Housing Act 1985 or, as the case may be, section 57 of the Housing (Scotland) Act 2001.'.



 
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Prepared 11 Jun 2002