New Clause 15

Serious Crime Bill – in a Public Bill Committee at 11:30 am on 10 July 2007.

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Powers to wind up: supplementary

‘(1) The Secretary of State may by order make such modifications as he considers appropriate to the application of—

(a) the Insolvency Act 1986 (c. 45) by virtue of section 28(2); or

(b) the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I.19)) by virtue of section 29(2).

(2) Any modifications made by virtue of subsection (1) are in addition to the modifications made by section 28(3) and (4) or (as the case may be) section 29(3) and (4).

(3) The Secretary of State may by order make such consequential or supplementary provision, applying with or without modifications any provision made by or under an enactment, as he considers appropriate in connection with section 28(2) to (4) or 29(2) to (4).

(4) An order made by virtue of section 28(5) or (6), section 29(5) or (6) or subsection (1) above may, in particular, contain consequential or supplementary provision applying, with or without modifications, any provision made by or under an enactment.’.—[Mr. Coaker.]

Brought up, read the First and Second time, and added to the Bill.