The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the “Act”) was signed into law on 01 August 2020.
Temporary Nature of Amendments
What the Act Provides
A creditor’s meeting may be held wholly or partly by the use of electronic communications technology during the interim period with similar rules to those for participation in general meetings in relation to the use of electronic meeting means.
Under Section 13 of the Act (amending Section 534 of the Companies Act 20914) an examiner can now in exceptional circumstances seek an extended period of 50 days in which to make his report to the Court under the Companies Act 2014.
Industrial and Provident Societies
Professional advice should always be taken before acting on any of the matters discussed. Please contact a member of our team should you wish to discuss this topic further.