Schedule 17, paragraph 33

Section 247 (meaning of “insolvency” and “go into liquidation”) shall be amended as follows. In subsection (1) for “the making of an administration order or the appointment of an administrative receiver” substitute “ or the appointment of an administrator or administrative receiver ”. For subsection (3) substitute— The reference to a resolution for voluntary winding up in subsection (2) includes a reference to a resolution which is deemed to occur by virtue of— paragraph 83(6)(b) of Schedule B1, or an order made following conversion of administration or a voluntary arrangement into winding up by virtue of Article 37 of the EC Regulation.

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Source: legislation.gov.uk · retrieved 2026-09-04