The Insolvency (Amendment) Regulations (Northern Ireland) 2009
These Regulations amend the Insolvency Regulations (Northern Ireland) 1996 (S.R. 1996 No. 574) (“the principal Regulations”). Paragraphs 1 and 2 of the Schedule insert new regulations 3B and 3C into the principal Regulations to make provision allowing payments of unclaimed funds and dividends to be made, on the dissolution of a company, by an administrator or an administrative receiver into the Insolvency Account. They also make similar provision for liquidators in a voluntary winding up, whilst retaining the mandatory requirement to make payment into the Insolvency Account in respect of a winding up by the court. Further provision is made for the information which must be provided by the office-holders when making a payment into the Insolvency Account of unclaimed dividends or other sums in an administration, an administrative receivership or a voluntary winding up.