SCHEDULES

SCHEDULE 8Enfranchisement by company: amendments

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1

Section 29 (deemed withdrawal of initial notice) is amended as follows.

2

After subsection (4) insert—

4A

The initial notice shall be deemed to have been withdrawn if—

a

a winding-up order or an administration order is made, or a resolution for voluntary winding up is passed, with respect to the RTE company,

b

a receiver or a manager of the RTE company’s undertaking is duly appointed, or possession is taken, by or on behalf of the holders of any debentures secured by a floating charge, of any property of the RTE company comprised in or subject to the charge,

c

a voluntary arrangement proposed in the case of the RTE company for the purposes of Part 1 of the Insolvency Act 1986 (c. 45) is approved under that Part of that Act, or

d

the RTE company’s name is struck off the register under section 652 or 652A of the Companies Act 1985 (c. 6).

3

In subsection (8), for “nominee purchaser is, or would (apart from subsection (7)) be,” substitute “ RTE company is ”.