PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS
CHAPTER 2Progress reports
Progress reports in voluntary winding up: timing18.7.
(1)
This rule applies for the purposes of sections 92A and 104A M1 and prescribes the periods for which reports must be made.
(2)
The liquidator's progress reports in a voluntary winding up must cover the periods of—
(a)
12 months starting on the date the liquidator is appointed; and
(b)
each subsequent period of 12 months.
(3)
The periods for which progress reports are required under paragraph (2) are unaffected by any change in the liquidator.
(4)
However where a liquidator ceases to act the succeeding liquidator must, as soon as reasonably practicable after being appointed, deliver a notice to the members (in a members' voluntary winding up) or to members and creditors (in a creditors' voluntary winding up) of any matters about which the succeeding liquidator thinks the members or creditors should be informed.
(5)
A progress report is not required for any period which ends after F1a notice is delivered under rule 5.9(1) (members’ voluntary winding up) or after the date to which a final account is made up under section F2... 106 and is delivered by the liquidator F3... to members and creditors (creditors' voluntary winding up).
(6)
The liquidator must F4deliver a copy of each progress report within two months after the end of the period covered by the report to—
(a)
the registrar of companies (who is a prescribed person for the purposes of sections 92A and 104A);
(b)
the members; and
(c)
in a creditors' voluntary liquidation, the creditors.