SCHEDULE 8 - PROVISIONS CAPABLE OF INCLUSION IN COMPANY INSOLVENCY RULES
Courts(1) Provision for supplementing, in relation to the insolvency or winding up of companies, any provision made by or under section 117 of this Act (jurisdiction in relation to winding up).
(2) Provision for regulating the practice and procedure of any court exercising jurisdiction for the purposes of Parts I to VII of this Act or the Companies Act so far as relating to, and to matters connected with or arising out of, the insolvency or winding up of companies, being any provision that could be made by rules of court.
Notices, etc.
(3) Provision requiring notice of any proceedings in connection with or arising out of the insolvency or winding up of a company to be given or published in the manner prescribed by the rules.
(4) Provision with respect to the form, manner of serving, contents and proof of any petition, application, order, notice, statement or other document required to be presented, made, given, published or prepared under any enactment or subordinate legislation relating to, or to matters connected with or arising out of, the insolvency or winding up of companies.
(5) Provision specifying the persons to whom any notice is to be given.
Registration of voluntary arrangements
(6) Provision for the registration of voluntary arrangements approved under Part I of this Act, including provision for the keeping and inspection of a register.
Provisional liquidator
(7) Provision as to the manner in which a provisional liquidator appointed under section 135 is to carry out his functions.
Conduct of insolvency
(8) Provision with respect to the certification of any person as, and as to the proof that a person is, the liquidator, administrator or administrative receiver of a company.
(9) The following provision with respect to meetings of a company's creditors, contributories or members -
(a) provision as to the manner of summoning a meeting (including provision as to how any power to require a meeting is to be exercised, provision as to the manner of determining the value of any debt or contribution for the purposes of any such power and provision making the exercise of any such power subject to the deposit of a sum sufficient to cover the expenses likely to be incurred in summoning and holding a meeting) ;
(b) provision specifying the time and place at which a meeting may be held and the period of notice required for a meeting ;
(c) provision as to the procedure to be followed at a meeting (including the manner in which decisions may be reached by a meeting and the manner in which the value of my vote at a meeting is to be determined);
(d) provision for requiring a person who is or has been an officer of the company to attend a meeting ;
(e) provision creating, in the prescribed circumstances, a presumption that a meeting has been duly summoned and held;
(f) provision as to the manner of proving the decisions of a meeting.
(10)(1) Provision as to the functions, membership and proceedings of a committee established section 26, 49, 68, 101, 141 or 142 of this Act.
(2) The following provision with respect to the establishment of a committee under section 101, 141 or 142 of this Act, that is to say -
(a) provision for resolving differences between a meeting of the company's creditors and a meeting of its contributories or members;
(b) provision authorising the establishment of the committee without a meeting of contributories in a case where a company is being wound up on the grounds including its inability to pay its debts; and
(c) provision modifying the requirements of this Act with respect to the establishment of the committee in a case where a winding-up order has been made immediately upon the discharge of an administration order.
(11) Provision as to the manner in which any requirement that may be imposed on a person under any of Parts I to Vii of this Act by the official receiver, the liquidator, administrator or administrative receiver of a company or a special manager appointed under section 177 is to be imposed.
(12) Provision as to the debts that may be proved in a winding-up, as to the manner and conditions of proving a debt and as to the manner and expenses of establishing the value of any debt or security.
(13) Provision with respect to the manner of the distribution of the property of a company that is being wound up, including provision with respect to unclaimed funds and dividends.
(14) Provision which, with or without modifications, applies in relation to the winding up of companies any enactment contained in Parts VIII or XI of this Act or in the Bankruptcy (Scotland) Act 1985.
(15) Provision as to the amount, or manner of determining the amount, payable to the liquidator, administrator or administrative receiver of a company or a special manager appointed under section 177, by way or remuneration for the carrying out of functions in connection with or arising out of the insolvency or winding up of a company.
(16) Provision with respect to the manner in which moneys received by the liquidator of a company in the course of carrying out his functions as such are to be invested or otherwise, handled and with respect to the payment of interest on sums which, in pursuance of rules made by virtue of this paragraph, have been paid into the Insolvency Services Account.
(17) Provision as to the fees, costs, charges and other expenses that may be treated as the expenses of a winding up.
(18) Provision as to the fees, costs, charges and other expenses that may be treated as properly incurred by the administrator or administrative receiver of a company.
(19) Provision as to the fees, costs, charges and other expenses that may be incurred for any of the purposes of Part I of this Act or in the administration of any voluntary arrangement approved under that Part.
Information and Records
(20) Provision requiring registrars and other officers of courts having jurisdiction in England and Wales in relation to, or to matters connected with or arising out of, the insolvency or winding up of companies -
(a) to keep books and other records with respect to the exercise of that jurisdiction, and
(b) to make returns to the Secretary of State of the business of those courts.
(21) Provision requiring a creditor, member or contributory, or such a committee as is mentioned in paragraph 10 above, to be supplied (on payment in prescribed cases of the prescribed fee) with such information and with copies of such documents as may be prescribed.
(22) Provision as to the manner in which public examinations under sections 133 and 134 of this Act and proceedings under sections 236 and 237 are to be conducted, as to the circumstances in which records of such examinations or proceedings are to be made available to prescribed persons and as to the costs of such examinations and proceedings.
(23) Provision imposing requirements with respect to -
(a) the preparation and keeping by the liquidator, administrator or administrative receiver of a company, or by the supervisor of a voluntary arrangement approved under Part I of this Act, of prescribed books, accounts and other records;
(b) the production of those books, accounts and records for inspection by prescribed persons;
(c) the auditing of accounts kept by the liquidator, administrator or administrative receiver of a company, or the supervisor of such a voluntary arrangement; and
(d) the issue by the administrator or administrative receiver of a company of such a certificate as is mentioned in section 22(3)(b) of the Value Added Tax Act 1983 (refund of tax in cases of bad debts) an d the supply of copies of the certificate to creditors of the company.
(24) Provision requiring the person who is the supervisor of a voluntary arrangement approved under Part I, when it appears to him that the voluntary arrangement has been fully implemented and that nothing remains to be done by him under the arrangement -
(a) to give notice of that fact to persons bound by the voluntary arrangement, and
(b) to report to those persons on the carrying out of the functions conferred on the supervisor of the arrangement.
(25) Provision as to the manner in which the liquidator of a company is to act in relation to the books, papers and other records of the company, including provision authorising their disposal.
(26) Provision imposing requirements in connection with the carrying out of functions under section 7(3) of the Company Directors Disqualification Act 1986 (including, in particular, requirements with respect to the making of periodic returns).
General
(27) Provision conferring power on the Secretary of State to make regulations with respect to so much of any matter that may be provided for in the rules as relates to the carrying out of the functions of the liquidator, administrator or administrative receiver of a company.
(28) Provision conferring a discretion on the court.
(29) Provision conferring power on the court to make orders for the purpose of securing compliance with obligations imposed by or under section 22, 47, 66, 131, 143(2) or 235 of this Act or section 7(4) of the Company Directors Disqualification Act 1986.
(30) Provision making non-compliance with any rules a criminal offence.
(31) Provision making different provision for different cases or descriptions of cases, including different provisions for different areas.
SCHEDULE 9 - PROVISIONS CAPABLE OF INCLUSION IN INDIVIDUAL INSOLVENCY RULES
Courts(1) Provision with respect to the arrangement and disposition of the business under parts VIII to XI of this Act of courts having jurisdiction for the purpose of those Parts, including provision for the allocation of proceedings under those Parts to particular courts and for the transfer of such proceedings from one court to another.
(2) Provision for enabling a registrar in bankruptcy of the High Court or a registrar of a county court having jurisdiction for the purposes of those Parts to exercise such of the jurisdiction conferred for those purposes on the High Court or, as the case may be, that county court as may be prescribed.
(3) Provision for regulating the practice and procedure of any court exercising jurisdiction for the purposes of those Parts, being any provision that could be made by rules of court.
(4) Provision conferring rights of audience, in courts exercising jurisdiction for the purposes of those Parts, on the official receiver and on solicitors.
Notices, etc.
(5) Provision requiring notice of any proceedings under Parts VIII to XI of this Act or of any matter relating to or arising out of a proposal under Part VIII or a bankruptcy to be given or published in the prescribed manner.
(6) Provision with respect to the form, manner of serving, contents and proof of any petition, application, order, notice statement or other document required to presented, made, given, published or prepared under any enactment contained in Parts VIII to XI or subordinate legislation under those Parts or Part XV (including provision requiring prescribed matters to be verified by affidavit).
(7) Provision specifying the persons to whom any notice under Parts VIII to XI is to be given.
Registration of voluntary arrangements
(8) Provision for the registration of voluntary arrangements approved under Part VIII of this Act, including provision for the keeping and inspection of a register.
Interim receiver
(9) Provision as to the manner in which an interim receiver appointed under section 286 is to carry out his functions, including any such provision as is specified in relation to the trustee of a bankrupt's estate in paragraph 21 or 27 below.
Receiver or manager
(10) Provision as to the manner in which the official is to carry out his functions as receiver or manager of a bankrupt's estate under section 287, including any such provision as is specified in relation to the trustee of a bankrupt's estate in paragraph 21 or 27 below.
Administration of individual insolvency
(11) Provision with respect to the certification of the appointment of any person as trustee of a bankrupt's estate and as to the proof of that appointment.
(12) The following provision with respect to meetings of creditors -
(a) provision as to the manner of summoning a meeting (including provision as to how any power to require a meeting is to be exercised, provision as to the manner of determining the value of any debt for the purposes of any such power and provision making the exercise of any such power subject to the deposit of a sum sufficient to cover the expenses likely to be incurred in summoning and holding a meeting) ;
(b) provision specifying the time and place at which a meeting may be held and the period of notice required for a meeting ;
(c) provision as to the procedure to be followed at such a meeting (including the manner in which decisions may be reached by a meeting and the manner in which the value of any vote at a meeting is to be determined) ;
(d) provision for requiring a bankrupt or debtor to attend a meeting ;
(e) provision creating, in the prescribed circumstances, a presumption that a meeting has been duly summoned and held ; and
(f) provision as to the manner of proving the decisions of a meeting.
(13) Provision as to the functions, membership and proceedings of a creditors' committee established under section 301.
(14) Provision as to the manner in which any requirement that may be imposed on a person under Parts VIII to XI of this Act by the official receiver, the trustee of a bankrupt's estate or a special manager appointed under section 370 is to be so imposed and, in the case of any requirement imposed under section 305(3) (information etc. to be given by the trustee to the official receiver), provision conferring power on the court to make orders for the purpose of securing compliance with that requirement.
(15) Provision as to the manner in which any requirement imposed by virtue of section 310(3) (compliance with income payments order) is to take effect.
(16) Provision as to the terms and conditions that may be included in a charge under section 313 (dwelling house forming part of bankrupt's estate).
(17) Provision as to the debts that may be proved in any bankruptcy as to the manner and conditions of proving a debt and as to the manner and expenses of establishing the value of any debt or security.
(18) Provision with respect to the manner of the distribution of a bankrupt's estate, including provision with respect to unclaimed funds and dividends.
(19) Provision modifying the application of Parts VIII to XI of this Act in relation to a debtor or bankrupt who has died.
Financial positions
(20) Provision as to the amount, or manner of determining the amount, payable to an interim receiver, the trustee of a bankrupt's estate or special manager appointed under section 370 by way of remuneration for the performance of functions in connection with or arising out of the bankruptcy of any person.
(21) Provision with respect to the manner in which moneys received by the trustee of a bankrupt's estate in the course of carrying out his functions as such are to be handled.
(22) Provision as to the fees, costs, charges and other expenses that may be treated as the expenses of a bankruptcy.
(23) Provision as to the fees, costs, charges and other expenses that may be incurred for any of the purposes of Part VIII of this Act or in the administration of any voluntary arrangement approved under that Part.
Information and records
(24) Provision requiring registrars and other officers of courts having jurisdiction for the purposes of Parts VIII to XI -
(a) to keep books and other records with respect to the exercise of that jurisdiction and of jurisdiction under the Deeds of Arrangement Act 1914, and
(b) to make returns to the Secretary of State of the business of those courts.
(25) Provision requiring a creditor or a committee established under section 301 to be supplied (on payment in prescribed cases of the prescribed fee) with such information and with copies of such documents as may be prescribed.
(26) Provision as to the manner in which examinations under section 290 and proceedings under sections 366 to 368 are to be conducted, as to the circumstances in which records of such examinations and proceedings are to be made available to prescribed persons and as to the costs of such examinations and proceedings.
(27) Provision imposing requirements with respect to -
(a) the preparation and keeping by the trustee of a bankrupt's estate, or the supervisor of a voluntary arrangement approved under Part VIII, of prescribed books, accounts and other records ;
(b) the production of those books, accounts and records for inspection by prescribed persons ; and
(c) the auditing of accounts kept by the trustee of a bankrupt's estate or the supervisor of such a voluntary arrangement.
(28) Provision requiring the person who is the supervisor of a voluntary arrangement approved under Part VIII, when it appears to him that the voluntary arrangement has been fully implemented and that nothing remains to be done by him under it -
(a) to give notice of that fact to persons bound by the voluntary arrangement, and
(b) to report to those persons on the carrying out of the functions conferred on the supervisor of it.
(29) Provision as to the manner in which the trustee of a bankrupt's estate is to act in relation to the books, papers and other records of the bankrupt, including provision authorising their disposal.
General
(30) Provision conferring power on the Secretary of State to make regulations with respect to so much of any matter that may be provided for in the rules as relates to the carrying out of the functions of an interim receiver appointed under section 286, of the official while acting as a receiver or manager under section 287 or of a trustee of a bankrupt's estate.
(31) Provision conferring a discretion on the court.
(32) Provision making non-compliance with any of the rules a criminal offence.
(33) Provision making different provision for different cases, including different provision for different areas.