Source: http://www.legislation.gov.uk/uksi/2003/2111/made
Timestamp: 2015-04-26 12:17:29
Document Index: 442405670

Matched Legal Cases: ['art 2', 'art 2', 'art 1', 'art 2', 'art 2', 'art 2', 'art 2', 'ART 1', 'ART 2', 'ART 2']

The Insolvency (Scotland) Amendment Rules 2003
Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsCymraegHomeAbout UsBrowse LegislationNew LegislationChanges To LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchThe Insolvency (Scotland) Amendment Rules 2003You are here:2003 No. 2111 (S. 9)Whole InstrumentTable of ContentsContentMore ResourcesPreviousNextPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As made)Opening OptionsOpen whole InstrumentOpen Instrument without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFView moreStatus:This is the original version (as it was originally made). This item of legislation is currently only available in its original format.Statutory Instruments2003 No. 2111 (S. 9)INSOLVENCY, SCOTLANDCOMPANIESThe Insolvency (Scotland) Amendment Rules 2003Made8th August 2003Laid before Parliament13th August 2003Coming into force15th September 2003The Secretary of State, in the exercise of the powers conferred on her by section 411 of the Insolvency Act 1986(1), hereby makes the following Rules:–
Citation and commencement1.—(1) The Rules may be cited as the Insolvency (Scotland) Amendment Rules 2003 and shall come into force on 15th September 2003.
(2) References in these Rules to “the commencement date” are to the date referred to in paragraph (1) above.
(a)references to the “principal Rules” are to the Insolvency (Scotland) Rules 1986(2) and a Rule referred to by number alone means the Rule so numbered in the principal Rules; and
(b)references to paragraphs, except where the context otherwise requires, are to paragraphs of Schedule B1 to the Insolvency Act 1986(3).
Substitution of Part 2 of the principal Rules3. Subject to Rule 7 below, for Part 2 of the principal Rules substitute the provisions set out in Part 1 of Schedule 1 to these Rules.
Amendment to Schedule 4 of the principal Rules (Offences)4. Subject to Rule 7 below, in the table in Schedule 4 to the principal Rules, after the penultimate entry, insert:
In Part 2, Rule 2.43(3)Administrator failing to lodge notice of automatic end of administrationSummaryOne-fifth of the statutory maximumOne-fiftieth of the statutory maximumAmendments to Schedule 5 to the principal Rules5. Subject to Rule 7 below, for the Forms 2.1 (Scot) to 2.13 (Scot) set out in Schedule 5 to the principal Rules, substitute Forms 2.1B (Scot) to 2.32B (Scot) as set out in Part 2 of Schedule 1 to these Rules.
Consequential amendments to the principal Rules6. Subject to Rule 7 below, Schedule 2 to these Rules (which makes consequential amendments to the principal Rules) shall have effect.
Transitional and savings provisions7.—(1) Rules 3 to 6 of these Rules shall not apply, and Part 2 of, and Forms 2.1 (Scot) to 2.13 (Scot) set out in Schedule 5 to, the principal Rules as they had effect immediately before the coming into force of these Rules shall continue to have effect in relation to the administration of a company in respect of which the petition for an administration order was presented to the court before the commencement date.
(2) Rules 3 to 6 of these Rules shall not apply and Part 2 of, and Forms 2.1 (Scot) to 2.13 (Scot) set out in Schedule 5 to, the principal Rules as they had effect immediately before the coming into force of these Rules shall continue to have effect for the purposes of–
(a)section 249(2) of the Enterprise Act 2002; and
(b)the Financial Services and Markets Act 2000 (Administration Orders relating to Insurers) Order 2002(4).
NIGEL GRIFFITHSParliamentary Under-Secretary of State For Small Business and EnterpriseDepartment of Trade and Industry8th August 2003Rule 3SCHEDULE 1PART 1SUBSTITUTION OF PART 2 OF THE PRINCIPAL RULES“PART 2ADMINISTRATION PROCEDURECHAPTER 1PRELIMINARYIntroductory and interpretation2.1.—(1) In this Part–
(a)Chapter 2 applies in relation to the appointment of an administrator by the court;
(b)Chapter 3 applies in relation to the appointment of an administrator by the holder of a qualifying floating charge under paragraph 14;
(c)Chapter 4 applies in relation to the appointment of an administrator by the company or the directors under paragraph 22;
(d)The following Chapters apply in all the cases mentioned in sub paragraphs (a) to(c) above:
— Chapter 6: Meetings;
— Chapter 8: Functions and remuneration of administrator;
— Chapter 9: Distributions to creditors;
— Chapter 10: Ending administration;
— Chapter 11: Replacing administrator;
— Chapter 12: EC Regulation – conversion of administration to winding up;
— Chapter 13: EC Regulation – member State liquidator.
(2) In this Part of these Rules a reference to a numbered paragraph shall, unless the context otherwise requires, be to the paragraph so numbered in Schedule B1 to the Act.
CHAPTER 2APPOINTMENT OF ADMINISTRATOR BY COURTForm of application2.2.—(1) Where an application is made by way of petition for an administration order to be made in relation to a company, there shall be lodged together with the petition a Statement of the Proposed Administrator
(2) In this Part, references to a Statement of the Proposed Administrator are to a statement by each of the persons proposed to be administrator of a company, in the form required by Rule 7.30 and Schedule 5, stating–
(a)that he consents to accept appointment as administrator of that company;
(b)details of any prior professional relationship that he has had with that company; and
(c)his opinion that it is reasonably likely that the purpose of administration will be achieved.
(3) The petition shall state whether, in the opinion of the petitioner, (i) the EC Regulation will apply and (ii) if so, whether the proceedings will be main proceedings or territorial proceedings.