Part XXIVInsolvency

Winding up by the court

370Liquidator’s duty to report to Authority

If—

(a)

a company is being wound up voluntarily or a body is being wound up on a petition presented by a person other than the Authority, and

(b)

it appears to the liquidator that the company or body is carrying on, or has carried on, a regulated activity in contravention of the general prohibition,

the liquidator must report the matter to the Authority without delay.