Companies Act 2014
Conclusion of rescue period and termination of appointment of process adviser
558ZK. The appointment of a process adviser in respect of an eligible company shall be terminated—
(a) where a rescue plan for the eligible company takes effect under section 558ZB or 558ZE, on the date on which it takes effect under the section concerned,
(b) where no rescue plan for the eligible company is approved at a meeting held under section 558T, on the date on which the process adviser gives a copy of his or her report to the eligible company under section 558ZA(3),
(c) where—
(i) the relevant court upholds an objection to a rescue plan for the eligible company, and
(ii) no rescue plan takes effect for the eligible company,
on the date on which the relevant court upholds the objection or such later date as may be fixed by the relevant court, or
(d) on such other date as may be prescribed.]
Annotations
Amendments:
F415
Inserted (7.12.2021) by Companies (Rescue Process for Small and Micro Companies) Act 2021 (30/2021), s. 3, S.I. No. 673 of 2021.
F416
Inserted by Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (44/2024), s. 42(a), (b), not commenced as of date of revision.
Modifications (not altering text):
C164
Prospective affecting provision: section designated subsection (1) and subss. (2) and (3) inserted by Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (44/2024), s. 42(a), (b), not commenced as of date of revision.
558ZK. F416[(1)] The appointment of a process adviser in respect of an eligible company shall be terminated—
...
F416[(2) Where the appointment of the process adviser is terminated under paragraph (b) of subsection (1), he or she shall, within 5 days after the date referred to in that subsection, deliver a notice in the prescribed form confirming the termination of his or her appointment in accordance with that subsection to—
(a) the Registrar, and
(b) the office of the relevant court.
(3) A person who fails to comply with a requirement imposed by subsection (2) shall be guilty of a category 3 offence.]