Housing and Regeneration Act 2008 (c. 17)

Part 2 E+W Regulation of Social Housing

Chapter 4 E+W Registered providers

Restructuring and dissolution E+W

166 Winding up petition by regulator E+W

(1) This section applies to a non-profit registered provider which is—

(a) a registered company, or

(b) an industrial and provident society.

(2) The regulator may present a petition for the registered provider to be wound up under the Insolvency Act 1986 (c. 45) on any of the following grounds.

(3) Ground 1 is that the registered provider is failing properly to carry out its objects.

(4) Ground 2 is that the registered provider is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986.

(5) Ground 3 is that the regulator has directed the registered provider under section 253 to transfer all its land to another person.

Commencement Information

I1 S. 166 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)