[F1124A Petition for winding up on grounds of public interest.E+W+S
(1)Where it appears to the Secretary of State from—
(a)any report made or information obtained under Part XIV of the M1 Companies Act 1985 (company investigations, &c.),
(b)any report made under section 94 or 177 of the M2 Financial Services Act 1986 or any information obtained under section 105 of that Act,
(c)any information obtained under section 2 of the M3 Criminal Justice Act 1987 or [F2section 28 of the Criminal Law (Consolidation) (Scotland) Act 1995] (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.]
Textual Amendments
F1S. 124A inserted by Companies Act 1989 (c. 40, SIF 27), ss. 60(3), 213(2)
F2Words in s. 124A(1) substituted (1.4.1996) by virtue of 1995 c. 40, ss. 5, 7(2), Sch. 4 para. 56(2) and 1978 c. 30, s. 17(2)(a)
Marginal Citations