In section 7(5C) (general conditions) [Subsection (5C) was substituted, with subsections (1) to (5H), by S.I. 2014/3329.] -

(a) in paragraph (b), for the words from "determined", in the first place it occurs, to the end substitute "is less than the amount of its liabilities,";

(b) in paragraph (d), for "one or more of paragraphs (a) to (c)" substitute "paragraph (b) or (c) (or both)".