PART 14CLAIMS BY AND DISTRIBUTIONS TO CREDITORS IN ADMINISTRATION, WINDING UP AND BANKRUPTCY

CHAPTER 3Distribution to creditors in administration, winding up and bankruptcy

Last notice about dividend in a winding up14.36

1

When the liquidator in a winding up has realised all the company’s assets or so much of them as can, in the liquidator’s opinion, be realised without needlessly prolonging the winding up, the liquidator must deliver a notice as provided for in this Chapter, either—

a

of intention to declare a final dividend; or

b

that no dividend, or further dividend, will be declared.

2

The notice must contain the particulars required by rule 14.30, 14.31, 14.37 or 14.38 as the case may be and must require claims against the assets to be established by a date set out in the notice.