Up) (Amendment) Regulations, 2024

Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,208, 15 ta’ Marzu, 2024 B 409

L.N. 71 of 2024

COMPANIES ACT

(CAP. 386)

Companies Act (Suspension of Filing for Dissolution and Winding

Up) (Amendment) Regulations, 2024

IN EXERCISE of the powers conferred by article 425(11), (12)

and (13) of the Companies Act, the Minister responsible for the

registration of commercial partnerships has made the following

regulations:-

The title of these regulations is the Companies Act Citation.

(Suspension of Filing for Dissolution and Winding Up) (Amendment)

Regulations, 2024 and these regulations shall be read and construed as

one with the Companies Act (Suspension of Filing for Dissolution and S.L. 386.24.

Winding Up) Regulations, hereinafter referred to as the "principal

regulations".

In sub-regulation (3) of regulation 3 of the principal Amends

regulations, the words "16th March 2020." shall be substituted by the regulation

the principal

words "16th March 2020:" and immediately after there shall be added regulations.

the following new proviso

"Provided that the Court may abbreviate the time limits

stipulated in sub-regulations (1) and (2), if the said Court considers it

reasonable and expedient to do so for the purpose of ensuring the

proper and efficient administration of justice.".

Sub-regulation 4(2) of regulation 4 of the principal Amends

regulation 4 of

regulations shall be substituted by the following

the principal

regulations.

"(2) The provisions of this regulation shall remain valid

for a period of six (6) months following the lifting of the

suspension made by regulation 3 unless the Court considers it

reasonable and expedient for the purpose of ensuring the proper

and efficient administration of justice to order, in the winding up

order itself, that article 223 of the Act shall apply.".

Immediately after sub-regulation (3) of regulation 5 of the Amends

principal regulations the following new sub-regulation shall be added: regulation

the principal

regulations.

"(4) Notwithstanding the suspension in terms of sub-

regulation (1), the Court may nonetheless hear an application

made in terms of article 316 of the Act if it considers it

reasonable and expedient to do so for the purpose of ensuring the

proper and efficient administration of justice.".

€0.09