Statutory Instruments
2001 No. 764
INSOLVENCY, ENGLAND AND WALES
COMPANIES
The Insolvent Companies (Reports on Conduct of Directors) (Amendment) Rules 2001
Made
1st March 2001
Laid before Parliament
7th March 2001
Coming into force
2nd April 2001
The Lord Chancellor, in exercise of the powers conferred upon him by section 411 of the Insolvency Act 1986( 1 ) and section 21(2) of the Company Directors Disqualification Act 1986( 2 ), and of all other powers enabling him in that behalf, with the concurrence of the Secretary of State, and after consulting the committee existing for that purpose under section 413 of the Insolvency Act 1986, hereby makes the following Rules:—
1. —(1) These Rules may be cited as the Insolvent Companies (Reports on Conduct of Directors) (Amendment) Rules 2001.
(2) These Rules shall come into force on 2nd April 2001.
(3) In these Rules “the 1996 Rules” means the Insolvent Companies (Reports on Conduct of Directors) Rules 1996( 3 ).
2. —(1) The 1996 Rules shall be amended in accordance with this rule.
(2) There shall be substituted for the Schedule to the 1996 Rules the Schedule to these Rules.
3. —(1) Where any of the events mentioned in sub-paragraphs (a), (b) or (c) of rule 3(1) of the 1996 Rules occurred before the coming into force of these Rules this rule shall apply.
(2) Until 1st August 2001—
(a) the forms contained in the Schedule to the 1996 Rules, before the coming into force of these Rules, which were required to be used for the purpose of complying with the 1996 Rules, or
(b) the Form D1 or D2, as appropriate, as set out in the Schedule to these Rules, and as substituted in the 1996 Rules, or a form which is substantially similar thereto, with such variations, if any, as the circumstances require,
may be used for the purpose of complying with rules 3 or 4 of the 1996 Rules; but after that date the forms mentioned in sub-paragraph (b) of this paragraph shall be used for that purpose.
Irvine of Lairg, C.
23rd February 2001
I concur on behalf of the Secretary of State
Kim Howells,
Parliamentary Under-Secretary of State for Consumers and Corporate Affairs,
Department for Trade and Industry
1st March 2001
Rule 2(2)
SCHEDULE FORMS
1986 c. 46 ; amended by the Insolvency Act 2000 (c. 39) , in relation to these Rules the relevant amendments are, the substitution of section 6(3) by sections 6(3), 6(3A), 6(3B) and 6(3C). The amendment made to section 21(2) by the Companies Act 1989 (c. 40) is not relevant for the purposes of these Rules.
S.I. 1996/1909 .