Jersey Law 19/1995

 

COMPANIES (AMENDMENT No. 2) (JERSEY) LAW 1995

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A LAW   to amend further the Companies (Jersey) Law 1991, sanctioned by Order of Her Majesty in Council of the

 

11th day of APRIL 1995

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(Registered on the 30th day of June 1995)

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STATES OF JERSEY

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The 17th day of January 1995

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THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law –

ARTICLE 1

In Article 155 of the Companies (Jersey) Law 19911, as amended, for paragraphs (2) and (3) there shall be substituted the following paragraphs –

“(2)        An application to the court under this Article may be made by –

(a)     the company, or by a director or any member of the company; or

(b)     the Committee, in the case of a company which –

(i)      holds or has held a permit under the Insurance Business (Jersey) Law 19832 or the Collective Investment Funds (Jersey) Law 19883; or

(ii)     is or was registered under the Banking Business (Jersey) Law 19914.

(3)          If the court orders a company to be wound up under this Article it may –

(a)     appoint a liquidator;

(b)     direct the manner in which the winding-up is to be conducted; and

(c)     make such orders as it sees fit to ensure that the winding-up is conducted in an orderly manner.”.

ARTICLE 2

This Law may be cited as the Companies (Amendment No. 2) (Jersey) Law 1995.

 

G.H.C. COPPOCK

 

Greffier of the States.