Page:Variable Capital Companies Act 2018.pdf/146

Rh :(8) The following provision applies in place of section 219(1) of the Companies Act (which enables the Court to fix the remuneration of a receiver or manager of a company):


 * "The Court may —


 * (a) on an application by the liquidator of a VCC, by order fix the amount to be paid as remuneration to a person who, under a power contained in any instrument, has been appointed as receiver or manager of the property of the VCC or its sub-fund; or


 * (b) on an application by the liquidator of a sub-fund, by order fix the amount to be paid as remuneration to a person who, under a power contained in any instrument, has been appointed as receiver or manager of the property of the sub-fund.".


 * (9) The following provision applies in place of section 220 of the Companies Act (which is about the appointment of a company's liquidator as receiver of the company):


 * "Where an application is made to the Court to appoint a on behald of debentures or other creditors of —


 * (a) a VCC; or


 * (b) a sub-fund,


 * which is being wound up by the Court, the Court may appoint the liquidator as such receiver."


 * (10) A reference in sections 223(1) and 224 of the Companies Act to a statement in the prescribed form as to the affairs of a company or of any particulars concerning a company in the statement, is to a statement in the prescribed form as to the affairs of the VCC or of the sub-fund (as the case may be), or of those particulars concerning the VCC or the sub-fund, as the case may be.


 * (11) The reference in section 223(3) of the Companies Act to the winding up of the company is to the winding up of the VCC or the sub-fund, as the case may be.


 * (12) The reference in section 224(2)(a) and (d) of the Companies Act to an officer of the company is to —