Search Legislation

Companies Act 1989

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 60

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the Companies Act 1989, Section 60. Help about Changes to Legislation

60 Power of Secretary of State to present winding-up petition.U.K.

(1)Section 440 of the M1Companies Act 1985 (power of Secretary of State to present winding-up petition) is repealed; but the following amendments have the effect of re-enacting that provision, with modifications.

(2)In section 124(4) of the M2Insolvency Act 1986 (application by Secretary of State for company to be wound up by the court), for paragraph (b) substitute—

(b)in a case falling within section 124A below..

(3)After that section insert—

124A Petition for winding up on grounds of public interest.

(1)Where it appears to the Secretary of State from—

(a)any report made or information obtained under Part XIV of the Companies Act 1985 (company investigations, &c.),

(b)any report made under section 94 or 177 of the Financial Services Act 1986 or any information obtained under section 105 of that Act,

(c)any information obtained under section 2 of the Criminal Justice Act 1987 or section 52 of the Criminal Justice (Scotland) Act 1987 (fraud investigations), or

(d)any information obtained under section 83 of the Companies Act 1989 (powers exercisable for purpose of assisting overseas regulatory authorities),

that it is expedient in the public interest that a company should be wound up, he may present a petition for it to be wound up if the court thinks it just and equitable for it to be so.

(2)This section does not apply if the company is already being wound up by the court..

Marginal Citations

Back to top

Options/Help

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?