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The Insolvency (England and Wales) Rules 2016

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There are currently no known outstanding effects for the The Insolvency (England and Wales) Rules 2016, Section 7. Help about Changes to Legislation

Decision of creditors to remove liquidatorE+W

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7.63.—(1) This rule applies where the convener of the decision procedure or chair of the meeting (as the case may be) is other than the official receiver, and a decision is made, using a decision procedure, to remove the liquidator

(2) The convener or chair must within three business days of the decision to remove the liquidator deliver a certificate to that effect to the official receiver.

(3) If the creditors decided to appoint a new liquidator, the certificate of the new liquidator's appointment must also be delivered to the official receiver within that time; and the certificate must comply with the requirements in rule 7.53.

(4) The certificate of the liquidator's removal must—

(a)identify the company;

(b)identify and provide contact details for the removed liquidator;

(c)state that the creditors of the company decided on the date specified in the certificate that the liquidator specified in the certificate be removed from office as liquidator of the company;

(d)state the decision procedure used, and the decision date;

(e)state that the creditors either—

(i)did not decide against the liquidator being released, or

(ii)decided that the liquidator should not be released; and

(f)be authenticated and dated by the convener or chair.

(5) The liquidator's removal is effective from the date of the certificate of removal.

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