130B. Application of Part 10* of Companies Act 1967*

Terms defined in s 2

• company

  company

  Defined · s 2

  “company” has the meaning given by section 4(1) of the Companies Act 1967;

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• manager

  manager

  Defined · s 2

  “manager”, in relation to a VCC, means the manager appointed by the VCC to manage its property or to operate the collective investment scheme or schemes that comprise the VCC;

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• non-umbrella VCC

  non-umbrella VCC

  Defined · s 2

  “non-umbrella VCC” means a VCC that is not an umbrella VCC;

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• officer

  officer

  Defined · s 2

  “officer”, in relation to a VCC or other corporation, includes —(a)any director or secretary of the corporation or a person employed in an executive capacity by the corporation;(b)a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and(c)any liquidator of the corporation (being a VCC or company) appointed in a voluntary winding up,but does not include —(d)any receiver who is not also a manager;(e)any receiver and manager appointed by the Court;(f)any liquidator appointed by the Court or by the creditors; or(g)a judicial manager appointed by the Court under Part 8A of the Companies Act 1967 (if applicable);

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• VCC

  VCC

  Defined · s 2

  “VCC” or “variable capital company” means a body corporate incorporated as such under this Act;

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