SCHEDULE 1CONSEQUENTIAL AMENDMENTS

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1

Part 13 of the Insolvency Act 1986 (insolvency practitioners and their qualification) is amended as follows.

2

In section 388(4) (meaning of “act as insolvency practitioner”), for the definition of “company” substitute—

“company” means—

  1. a

    a company registered under the Companies Act 2006 in England and Wales or Scotland, or

  2. b

    a company that may be wound up under Part 5 of this Act (unregistered companies).

3

In section 389A(3) (acting as insolvency practitioner: persons disqualified from acting as nominee or supervisor), for paragraph (b) substitute—

b

he is subject to a disqualification order made or a disqualification undertaking accepted under the Company Directors Disqualification Act 1986 or the Company Directors Disqualification (Northern Ireland) Order 2002,

4

In section 390(4) (persons not qualified to act as insolvency practitioners), for paragraph (b) substitute—

b

he is subject to a disqualification order made or a disqualification undertaking accepted under the Company Directors Disqualification Act 1986 or the Company Directors Disqualification (Northern Ireland) Order 2002,