C1Part 2Regulation of Social Housing
Annotations:
Modifications etc. (not altering text)
Chapter 4Registered providers
Restructuring and dissolution
I1166Winding up petition by regulator
1
This section applies to a non-profit registered provider which is—
a
a registered company, or
b
F1a registered 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.
Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 911141517)