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Schedule 11: Liquidation of associations
or “How to close down an association and deal with its assets and debts”
You could also call this:

“Company protections during COVID-19 (no longer in effect)”

This schedule was about safe harbour provisions for companies during the COVID-19 outbreak. It was part of the Companies Act 1993 but is no longer in effect.

The schedule included information about which companies the safe harbour provisions applied to, what the safe harbour period meant, and rules about reckless trading. It also covered duties related to section 136 of the Act.

All parts of this schedule were repealed, which means they were removed from the law, on 31 May 2022. This means these special rules for companies during COVID-19 are no longer active.

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Next up: Schedule 13: COVID-19 business debt hibernation

or “Rules for pausing business debts during COVID-19 (now ended)”
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12Safe harbour provisions relating to outbreak of COVID-19 (Repealed)

1Purpose of schedule (Repealed)

    Notes
    • Schedule 12 clause 1: repealed, on the close of , by section 138B(2).

    2Overview of schedule (Repealed)

      Notes
      • Schedule 12 clause 2: repealed, on the close of , by section 138B(2).

      3Interpretation (Repealed)

        Notes
        • Schedule 12 clause 3: repealed, on the close of , by section 138B(2).

        4Companies to which safe harbour provisions apply (Repealed)

          Notes
          • Schedule 12 clause 4: repealed, on the close of , by section 138B(2).

          5Meaning of safe harbour period (Repealed)

            Notes
            • Schedule 12 clause 5: repealed, on the close of , by section 138B(2).

            6Safe harbour relating to reckless trading (Repealed)

              Notes
              • Schedule 12 clause 6: repealed, on the close of , by section 138B(2).

              7Safe harbour relating to section 136 duty (Repealed)

                Notes
                • Schedule 12 clause 7: repealed, on the close of , by section 138B(2).

                8Burden of proof (Repealed)

                  Notes
                  • Schedule 12 clause 8: repealed, on the close of , by section 138B(2).

                  9Regulations relating to companies, etc, to which safe harbour provisions apply (Repealed)

                    Notes
                    • Schedule 12 clause 9: repealed, on the close of , by section 138B(2).

                    10Regulations relating to safe harbour periods (Repealed)

                      Notes
                      • Schedule 12 clause 10: repealed, on the close of , by section 138B(2).