Amendments proposed to the Enterprise Bill - continued House of Commons

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Ms Secretary Hewitt

119

Page     272,     line     43     [Schedule     16],     at end insert—

    '101A (1) Where a company is in administration, a person may be appointed to act as administrator jointly or concurrently with the person or persons acting as the administrator of the company.

    (2) Where a company entered administration by administration order, an appointment under sub-paragraph (1) must be made by the court on the application of—

            (a)   a person or group listed in paragraph 10(1)(a) to (e), or

            (b)   the person or persons acting as the administrator of the company.

    (3) Where a company entered administration by virtue of an appointment under paragraph 12, an appointment under sub-paragraph (1) must be made by—

            (a)   the holder of the floating charge by virtue of which the appointment was made, or

            (b)   the court on the application of the person or persons acting as the administrator of the company.

    (4) Where a company entered administration by virtue of an appointment under paragraph 20(1), an appointment under sub-paragraph (1) above must be made either by the court on the application of the person or persons acting as the administrator of the company or—

            (a)   by the company, and

            (b)   with the consent of each person who is the holder of a qualifying floating charge in respect of the company's property or, where consent is withheld, with the permission of the court.

    (5) Where a company entered administration by virtue of an appointment under paragraph 20(2), an appointment under sub-paragraph (1) must be made either by the court on the application of the person or persons acting as the administrator of the company or—

            (a)   by the directors of the company, and

            (b)   with the consent of each person who is the holder of a qualifying floating charge in respect of the company's property or, where consent is withheld, with the permission of the court.

    (6) An appointment under sub-paragraph (1) may be made only with the consent of the person or persons acting as the administrator of the company.'.


   

Ms Secretary Hewitt

120

Page     274,     line     3     [Schedule     16],     leave out paragraph (b) and insert—

            '(b)   if the company has unsecured debts, creditors whose debts amount to more than 50% of the company's unsecured debts, disregarding debts of any creditor who does not respond to an invitation to give or withhold consent.'.

   

Ms Secretary Hewitt

121

Page     274,     line     9     [Schedule     16],     after first 'of', insert—

            '(i) '.

   

Ms Secretary Hewitt

123

Page     274,     line     10     [Schedule     16],     leave out 'at least' and insert 'more than'.

   

Ms Secretary Hewitt

122

Page     274,     line     10     [Schedule     16],     leave out 'and of' and insert ', and

            (ii) '.

   

Ms Secretary Hewitt

124

Page     274,     line     11     [Schedule     16],     at end insert ', disregarding debts of any creditor who does not respond to an invitation to give or withhold consent.'.

   

Ms Secretary Hewitt

328

Page     274,     line     37     [Schedule     16],     at end insert—

     '"company" includes a company which may enter administration by virtue of Article 3 of the EC Regulation,"'.


   

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.'.

 
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Prepared 13 Jun 2002