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Amendment of section 571 of Act of 2014
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20. Section 571 of the Act of 2014 is amended—
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(a) by the insertion of the following subsection after subsection (1):
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“(1A) Where a winding up petition is presented by the company under subsection (1), the directors of the company concerned shall notify each relevant person of the petition at the time that petition is presented or as soon as reasonably practicable after such presentation.”,
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and
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(b) by the insertion of the following subsection after subsection (5):
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“(6) In this section, ‘relevant person’ means, in relation to a company—
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(a) an employee of the company, and
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(b) where applicable, an employees’ representative.”.
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