Companies Act 2014 section 1430

Extension of Chapter 1 of Part 9 to any company liable to be wound up

Section 1430 extends the schemes of arrangement provisions to any company that is liable to be wound up under the Companies Act 2014.

  • The schemes of arrangement rules in Chapter 1 of Part 9 are extended beyond their normal scope
  • These rules apply to any company that could potentially be wound up under the Act
  • Section 455, which deals with facilitating reconstructions and amalgamations, is specifically excluded from this extension
  • This provision originated from section 203(5) of the Companies Act 1963

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