Rule 1.46 of The Insolvency Rules 1986 - Company Voluntary Arrangements (CVAs) with a Moratorium

The insolvency rule regarding the procedure for the Notification of the Appointment of a Replacement Nominee

 

 

Clearly where a replacement Nominee has been appointed he has a legal duty to notify various parties of his appointment in place of the previous insolvency practitioner who acted as Nominee. Insolvency Rule 1.46 sets out who must be notified of the existence of the replacement nominee, namely - the court, the registrar of companies and the person who he has replaced

 

The actual wording of Insolvency Rule 1.46 is replaced below in bold.

 

The Insolvency Rules 1986 - Rule 1.46 - Notification of appointment of replacement nominee

 

Where a person is appointed as a replacement nominee, he shall [as soon as reasonably practicable] give notice of his appointment to—

(a) the registrar of companies;

(b) the court (in any case where he was not appointed by the court); and

(c) the person whom he has replaced as nominee. 

 

We provide free company voluntary arrangement advice and help on any CVA topic including repacement of Nominees, notification requirements or help on any practical or legal insolvency issue you wish to have addressed.