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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 18. Help about Changes to Legislation

Progress reports in voluntary winding up: timingE+W

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18.7.—(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.

Textual Amendments

Marginal Citations

M1Section 92A is amended by section 136(2) and paragraph 16 of Schedule 9 to the Small Business, Enterprise and Employment Act 2015 (c.26) and section 104A is amended by section 136(3) and paragraph 27 of that Schedule.

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