Section 406

Duration of judicial management order and its extension

of Companies Act 2016

ActIn forceProvision 406 of 768

(2)

If an application to extend the period of another six months as referred to in subsection (1) is made, the judicial manager shall give notice of the application to—

(a)

all directors;

(b)

all members;

(c)

all creditors; and

(d)

any person who is entitled to appoint a receiver or receiver and manager,

Companies 403

of the company, and such period shall not be taken as part of any limitation period as specified under any written law.

(3)

The applicant shall notify the Registrar of any application made under subsection (1) in the form and manner as determined by the

Registrar.

Read in full context — Companies Act 2016 →