Companies (Rescue Process for Small and Micro Companies) Act 2021

Amendment of section 610 of Principal Act

7. Section 610 of the Principal Act is amended—

(a) in subsection (1)—

(i) by the insertion of “, or in the course of a rescue period under Part 10A in respect of an eligible company,” after “company”, where it secondly occurs, and

(ii) by the substitution of “liquidator, examiner or process adviser of the company” for “liquidator or examiner of the company”,


(b) by the insertion of the following subsections after subsection (8):

“(9) In assessing any application under this section, the court may take into account whether section 558S(5) applies to a director of a company.

(10) In this section, ‘eligible company’, ‘process adviser’ and ‘rescue period’ have the meanings assigned to them by section 558A.”.