50Petition for winding upE+W+S
This section has no associated Explanatory Notes
(1)The Regulator may present a petition for a community interest company to be wound up if the court is of the opinion that it is just and equitable that the company should be wound up.
(2)Subsection (1) does not apply if the company is already being wound up by the court.
(3)In section 124 of the Insolvency Act 1986 (c. 45) (application for winding up), after subsection (4) insert—
“(4A)A winding-up petition may be presented by the Regulator of Community Interest Companies in a case falling within section 50 of the Companies (Audit, Investigations and Community Enterprise) Act 2004.”
Commencement Information
I1S. 50 in force at 1.7.2005 by S.I. 2004/3322, art. 2(3), Sch. 3