Progress reports in voluntary winding up: timingE+W
18.7.—(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.
Textual Amendments
F1Words in rule 18.7(5) inserted (6.4.2017) by The Insolvency (England and Wales) (Amendment) Rules 2017 (S.I. 2017/366), rules 1, 42(1)(a)
F2Words in rule 18.7(5) omitted (6.4.2017) by virtue of The Insolvency (England and Wales) (Amendment) Rules 2017 (S.I. 2017/366), rules 1, 42(1)(b)
F3Words in rule 18.7(5) omitted (6.4.2017) by virtue of The Insolvency (England and Wales) (Amendment) Rules 2017 (S.I. 2017/366), rules 1, 42(1)(c)
F4Word in rule 18.7(6) substituted (6.4.2017) by The Insolvency (England and Wales) (Amendment) Rules 2017 (S.I. 2017/366), rules 1, 42(2)
Marginal Citations
M1Section 92A is amended by section 136(2) and paragraph 16 of Schedule 9 to the Small Business, Enterprise and Employment Act 2015 (c.26) and section 104A is amended by section 136(3) and paragraph 27 of that Schedule.