| Amendments proposed to the Enterprise Bill - continued | House of Commons |
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Mr John Whittingdale 410 *Schedule 16, page 242, line 18, after 'appointed', insert 'on a winding-up petition presented by a creditor'.
Mr John Whittingdale 411 *Schedule 16, page 243, leave out line 7 and insert 'the notice of appointment signed by or on behalf of the person appointing the administrator has been delivered to and accepted by the administrator'.
Mr John Whittingdale 412 *Schedule 16, page 243, line 34, leave out paragraph 22.
Mr John Whittingdale 413 *Schedule 16, page 244, line 4, leave out 'under paragraph 20' and insert—
Mr John Whittingdale 414 *Schedule 16, page 250, line 39, after '(a)', inesrt 'Unless appointed by the company'.
Mr John Whittingdale 415 *Schedule 16, page 250, leave out line 42.
Mr John Whittingdale 416 *Schedule 16, page 252, line 33, leave out '28 days' and insert 'three months'.
Mr John Whittingdale 441 *Schedule 16, page 253, line 25, leave out 'Paragraph 49(1) shall not apply'.
Mr John Whittingdale 442 *Schedule 16, page 253, line 33, leave out '.' and insert ','.
Mr John Whittingdale 443 *Schedule 16, page 253, line 33, at end insert 'paragraph 49 shall apply unless the court orders otherwise but paragraph 51 shall not apply.'.
Mr John Whittingdale 444 *Schedule 16, page 253, leave out lines 34 to 43.
Mr John Whittingdale 417 *Schedule 16, page 256, leave out lines 34 and 35 and insert 'The administrator of a company may make a distribution to creditors of the company who are neither secured nor preferential only—'.
Mr John Whittingdale 445 *Schedule 16, page 257, line 4, after '(2)', insert 'and (3)'.
Mr John Whittingdale 446 *Schedule 16, page 257, line 9, at end insert—'(1A) Subject to sub-paragraph (3), where no proposals have been approved under paragraph 51 the administrator of a company shall manage its affairs, business and property in accordance with paragraph 3'.
Mr John Whittingdale 418 *Schedule 16, page 257, line 11, after 'with', insert 'any'.
Mr John Whittingdale 419 *Schedule 16, page 258, line 26, after 'additional', insert 'sum of'.
Mr John Whittingdale 420 *Schedule 16, page 258, line 26, after 'required', insert 'by the court'.
Mr John Whittingdale 421 *Schedule 16, page 260, line 24, leave out 'discharged' and insert 'released'.
Mr John Whittingdale 423 *Schedule 16, page 260, leave out from line 27 to line 24 on page 261.
Mr John Whittingdale 448 *Schedule 16, page 261, leave out lines 1 to 24.
Mr John Whittingdale 424 *Schedule 16, page 261, leave out lines 2 and 3 and insert—
Mr John Whittingdale 425 *Schedule 16, page 262, line 12, after 'copy', insert 'to the person or persons who appointed him, to the company and'.
Mr John Whittingdale 426 *Schedule 16, page 263, line 34, leave out '98' and insert '84(1)(c)'.
Mr John Whittingdale 427 *Schedule 16, page 265, line 37, at end insert 'or where the creditors committee fails to apply under sub-paragraph (1)(a) within seven days following the event specified in paragraph 89'.
Mr John Whittingdale 428 *Schedule 16, page 265, line 39, leave out 'he' and insert 'the holder'.
Mr John Whittingdale 449 *Schedule 16, page 266, line 39, leave out 'A creditors' and insert 'The initial creditors' meeting, or any creditors' meeting held before that'.
Mr John Whittingdale 422 *Schedule 16, page 267, line 4, leave out 'discharged' and insert 'released'.
Mr John Whittingdale 437 *Clause 242, page 170, line 5, after 'production)"', insert 'and immediately after those words there shall be inserted "after deducting any amounts paid or payable by the Secretary of State in respect of such debts under Part XII of the Employment Rights Act 1996.".'.
Mr John Whittingdale 438 *Clause 242, page 170, line 5, at end insert—'(4) In section 189 of the Employment Rights Act 1996 (Transfer to Secretary of State of Rights and Remedies) subsections (2) to (4) shall cease to have effect.'.
Mr John Whittingdale 439 *Clause 243, page 170, leave out lines 17 to 22 and insert—'(2) A prescribed part of the company's net property shall be applied towards the satisfaction of debts that are neither preferential nor secured and shall not be distributed to the proprietor of a floating charge except in so far as it exceeds the amount required for the satisfaction of such debts.
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| ©Parliamentary copyright 2002 | Prepared 30 Apr 2002 |