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

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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)'.

   

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)'.

 
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Prepared 17 Jun 2002