Insolvency Act 1986

Valid from 06/04/2010

[F1104AProgress report to company and creditors at year's end (England and Wales)E+W+S

(1)If the winding up of a company registered in England and Wales continues for more than one year, the liquidator must—

(a)for each prescribed period produce a progress report relating to the prescribed matters; and

(b)within such period commencing with the end of the period referred to in paragraph (a) as may be prescribed send a copy of the progress report to—

(i)the members and creditors of the company; and

(ii)such other persons as may be prescribed.

(2)A liquidator who fails to comply with this section is liable to a fine.]