Part IV Winding Up of Companies Registered under the Companies Acts

Chapter III Members’ Voluntary Winding Up

F192AProgress report to company F2...

(1)

Subject to F3section 96, F4... 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 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.