PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS
CHAPTER 2Progress reports
Progress reports in voluntary winding up: timing18
1
This rule applies for the purposes of sections 92A and 104A M1 and prescribes the periods for which reports must be made.
2
The liquidator's progress reports in a voluntary winding up must cover the periods of—
a
12 months starting on the date the liquidator is appointed; and
b
each subsequent period of 12 months.
3
The periods for which progress reports are required under paragraph (2) are unaffected by any change in the liquidator.
4
However where a liquidator ceases to act the succeeding liquidator must, as soon as reasonably practicable after being appointed, deliver a notice to the members (in a members' voluntary winding up) or to members and creditors (in a creditors' voluntary winding up) of any matters about which the succeeding liquidator thinks the members or creditors should be informed.
5
A progress report is not required for any period which ends after F1a notice is delivered under rule 5.9(1) (members’ voluntary winding up) or after the date to which a final account is made up under section F2... 106 and is delivered by the liquidator F3... to members and creditors (creditors' voluntary winding up).
6
The liquidator must F4deliver a copy of each progress report within two months after the end of the period covered by the report to—
a
the registrar of companies (who is a prescribed person for the purposes of sections 92A and 104A);
b
the members; and
c
in a creditors' voluntary liquidation, the creditors.