Receiver to deal with prescribed part
This section has no associated Explanatory Memorandum
4.24.—(1) The receiver—
(a)may present a petition for the winding up of the company if the ground of the petition is that in section 122(1)(f); and
(b)must deliver to any administrator or liquidator the sums representing the prescribed part.
(2) If there is no administrator or liquidator the receiver must—
(a)apply to the court for directions as to the manner in which to discharge the duty under section 176A(2)(a); and
(b)act in accordance with any directions given.