6.—(1) After section 92 (power to fill vacancy in office of liquidator) add—
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—
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 end | Summary | Level 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 end | Summary | Level 3 on the standard scale”. |