PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS
CHAPTER 2Progress reports
Voluntary winding up: reporting arrangement under section 11018.11
1
This rule applies where in a voluntary winding up there has been an arrangement under section 110 and a distribution to members has taken place under section 110(2) or (4).
2
In any account or summary of receipts and payments which is required to be included in an account or report prepared under a section or rule listed in paragraph (3) the liquidator must—
a
state the estimated value during the period to which the account or report relates of—
i
the property transferred to the transferee,
ii
the property received from the transferee, and
iii
the property distributed to members under section 110(2) or (4); and
b
provide details of the basis of the valuation as a note to the account or summary of receipts and payments.
3
Paragraph (2) applies to the following—
a
section 92A and rule 18.7 (members’ voluntary winding up: progress report to company at year’s end);
b
section 94 and rule 18.14 (members’ voluntary winding up: final account prior to dissolution);
c
section 104A (creditors’ voluntary winding up: progress report to company and creditors at year’s end);
d
section 106 and rules 6.28 and 18.14 (creditors’ voluntary winding up: final account prior to dissolution).