PART 3: WINDING-UP
- Chapter 1 — General
- Chapter 2 — Voluntary winding-up
- Chapter 3 — Members' voluntary winding-up
- Chapter 4 — Creditors' voluntary winding-up
- Chapter 5 — Provisions applying to both kinds of voluntary winding-up
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Chapter 6 — Compulsory winding-up
- 199. Circumstances in which a company may be wound up by the court
- 200. Definition of inability to pay debts
- 201. The statutory demand
- 202. Application for winding-up
- 203. Petition for winding-up by the Financial Services Regulator
- 204. Presentation and service of petition
- 205. Advertisement of petition
- 206. Powers of Court on hearing of petition
- 207. Notice of winding-up order
- 208. Commencement of winding-up
- 209. Consequences of winding-up order
- 210. Appointment of provisional liquidator or of liquidator following administration
- 211. Power to stay winding-up
- 212. Progress report to contributories and creditors
- 213. Duty to summon final meeting
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Chapter 7 — Provisions of general application in winding-up
- 214. General functions in winding-up by the Court
- 215. Property of the Company
- 216. Notification that Company is in liquidation
- 217. Powers of liquidator
- 218. Power to disclaim onerous property
- 219. Liquidator may summon meetings
- 220. Settling list of contributories, debts and calls
- 221. Liability to contribute of past and present members
- 222. Limited Company formerly unlimited
- 223. Unlimited Company formerly limited
- 224. Company's books to be evidence
- 225. Distribution of Company's property
- 226. General rule as to priority of expenses
- 227. Preferential Debts
- 228. Unsecured debts of insolvent Company to rank equally
- 229. Fixing of liquidator's remuneration
- 230. Liquidation committee
- 231. Notice requiring Statement of Affairs
- 232. Statement of Company's Affairs
- 233. Statement of Company's affairs by Directors
- 234. Verification and filing
- 235. Limited disclosure
- 236. Release from duty to submit Statement of Affairs; extension of time
- 237. Expense of Statement of Affairs
- 238. Submission of accounts
- 239. Further disclosure
- 240. Removal or resignation of liquidator
- 241. Reference of questions to court
- 242. Meetings to ascertain wishes of creditors or contributories
- Chapter 8 — Distributions to creditors