C1 PART VIWINDING UP OF UNREGISTERED COMPANIES

Annotations:
Modifications etc. (not altering text)

Winding up of unregistered companies185

1

Subject to the provisions of this Part, any unregistered company may be wound up under this Order; and all the provisions of this Order F1. . . about winding up apply to an unregistered company with the exceptions and additions mentioned in paragraphs (2) to (4).

2

If an unregistered company has a principal place of business situated in England and Wales or Scotland, it shall not be wound up under this Part unless it has a principal place of business situated in Northern IrelandF3....

F42A

For all purposes of winding up, the principal place of business in Northern Ireland of the unregistered company is deemed to be the registered office of the company.

3

No unregistered company shall be wound up under this Order voluntarilyF2, except in accordance with the F5EU Regulation.

4

The circumstances in which an unregistered company may be wound up are as follows—

a

if the company is dissolved, or has ceased to carry on business, or is carrying on business only for the purpose of winding up its affairs;

C2b

if the company is unable to pay its debts;

c

if the High Court is of opinion that it is just and equitable that the company should be wound up.