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Companies Act 2006

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This is the original version (as it was originally enacted).

1005Circumstances in which application not to be made: other proceedings not concluded
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(1)An application under section 1003 (application for voluntary striking off) on behalf of a company must not be made at a time when—

(a)an application to the court under Part 26 has been made on behalf of the company for the sanctioning of a compromise or arrangement and the matter has not been finally concluded;

(b)a voluntary arrangement in relation to the company has been proposed under Part 1 of the Insolvency Act 1986 (c. 45) or Part 2 of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)) and the matter has not been finally concluded;

(c)the company is in administration under Part 2 of that Act or Part 3 of that Order;

(d)paragraph 44 of Schedule B1 to that Act or paragraph 45 of Schedule B1 to that Order applies (interim moratorium on proceedings where application to the court for an administration order has been made or notice of intention to appoint administrator has been filed);

(e)the company is being wound up under Part 4 of that Act or Part 5 of that Order, whether voluntarily or by the court, or a petition under that Part for winding up of the company by the court has been presented and not finally dealt with or withdrawn;

(f)there is a receiver or manager of the company’s property;

(g)the company’s estate is being administered by a judicial factor.

(2)For the purposes of subsection (1)(a), the matter is finally concluded if—

(a)the application has been withdrawn,

(b)the application has been finally dealt with without a compromise or arrangement being sanctioned by the court, or

(c)a compromise or arrangement has been sanctioned by the court and has, together with anything required to be done under any provision made in relation to the matter by order of the court, been fully carried out.

(3)For the purposes of subsection (1)(b), the matter is finally concluded if—

(a)no meetings are to be summoned under section 3 of the Insolvency Act 1986 (c. 45) or Article 16 of the Insolvency (Northern Ireland) Order 1989,

(b)meetings summoned under that section or Article fail to approve the arrangement with no, or the same, modifications,

(c)an arrangement approved by meetings summoned under that section, or in consequence of a direction under section 6(4)(b) of that Act or Article 19(4)(b) of that Order, has been fully implemented, or

(d)the court makes an order under section 6(5) of that Act or Article 19(5) of that Order revoking approval given at previous meetings and, if the court gives any directions under section 6(6) of that Act or Article 19(6) of that Order, the company has done whatever it is required to do under those directions.

(4)It is an offence for a person to make an application in contravention of this section.

(5)In proceedings for such an offence it is a defence for the accused to prove that he did not know, and could not reasonably have known, of the existence of the facts that led to the contravention.

(6)A person guilty of an offence under this section is liable—

(a)on conviction on indictment, to a fine;

(b)on summary conviction, to a fine not exceeding the statutory maximum.

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