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

Amendment of section 667 of Principal Act

10. Section 667 of the Principal Act is amended—

(a) in subsection (1), by the substitution of “Subject to subsection (1A), the creditors” for “The creditors”, and

(b) by the insertion of the following subsection after subsection (1):

“(1A) Where the employees of the company elect or appoint one of their number as an employees’ representative for the purpose of serving on any committee of inspection as mentioned in subsection (1), the person so elected or appointed shall be one of the persons appointed under that subsection.”.