Section 148
of International Business Companies Order, 2000
ORDERIn forceProvision 168 of 189
Section 148
(1)
The provisions of –
(a)
sections 135A to 135M of the Companies Act (Chapter 39) (inspections on behalf of the Minister of Finance); and
(b)
Parts IV and X of the Insolvency Order, 2016 and the Second Schedule to that Order (executive and judicial management), apply, subject to subsection (2), in relation to an IBC as they apply in relation to a domestic company.
(2)
In their application to an IBC, the provisions of the Companies Act (Chapter
39) and Insolvency Order, 2016 referred to in subsection (1) shall have effect as if –
(a)
any reference to a company included a reference to an IBC; and
(b)
any reference to a shareholder were a reference to a member, within the meaning of this Order.
Winding-up of IBCs.