Search Legislation

The Legislative Reform (Insolvency) (Miscellaneous Provisions) Order 2010

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Removal of requirement for annual meetings in a members’ voluntary and a creditors’ voluntary winding up in England and Wales

6.  (1)  After section 92 (power to fill vacancy in office of liquidator) add—

Progress report to company at year’s end (England and Wales)

92A.  (1)  Subject to sections 96 and 102, in the event of the winding up of a company registered in England and Wales continuing for more than one year, the liquidator must—

(a)for each prescribed period produce a progress report relating to the prescribed matters; and

(b)within such period commencing with the end of the period referred to in paragraph (a) as may be prescribed send a copy of the progress report to—

(i)the members of the company; and

(ii)such other persons as may be prescribed.

(2) A liquidator who fails to comply with this section is liable to a fine..

(2) In section 93 (general company meeting at each year’s end)—

(a)in the heading, at the end, insert “(Scotland)”; and

(b)in subsection (1) after “winding up”, where it first occurs, insert “of a company registered in Scotland”.

(3) After section 104 (vacancy in office of liquidator) add—

Progress report to company and creditors at year’s end (England and Wales)

104A.  (1)  If the winding up of a company registered in England and Wales continues for more than one year, the liquidator must—

(a)for each prescribed period produce a progress report relating to the prescribed matters; and

(b)within such period commencing with the end of the period referred to in paragraph (a) as may be prescribed send a copy of the progress report to—

(i)the members and creditors of the company; and

(ii)such other persons as may be prescribed.

(2) A liquidator who fails to comply with this section is liable to a fine..

(4) In section 105 (meetings of company and creditors at each year’s end)—

(a)in the heading, at the end, insert “(Scotland)”; and

(b)in subsection (1) after “winding up”, where it first occurs, insert “of a company registered in Scotland”.

(5) In Schedule 10—

(a)after the entry relating to section 89(6) insert—

92A(2)Liquidator failing to send progress report to members at year’s endSummaryLevel 3 on the standard scale; and

(b)after the entry relating to section 99(3) insert—

104A(2)Liquidator failing to send progress report to members and creditors at year’s endSummaryLevel 3 on the standard scale.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enactedversion that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources