Details

Chapter 19: Winding-up

This chapter provides guidance on the general provisions and methods of winding-up, the initial procedures including members’ voluntary winding-up, creditors’ voluntary winding-up and winding-up by the court, as well as the liquidator’s powers and duties, looking at the qualifications, records and audit of the liquidators, as well as the directors, investigations, preferences, fraud and criminal offences, employees, taxation implications and determination of creditors’ claims. It also looks at the distribution and release, considering voluntary winding-up and winding-up by the court, as well as striking off and other dissolution procedures. It also provides guidance on winding-up in Scotland.

Precedents include:

  • Precedent 19.A Members’ voluntary winding-up: notice of first meeting of members

  • Precedent 19.B Members’ or creditors’ voluntary winding-up: special resolution (company in general meeting) to wind up to be sent to Registrar and Gazette

  • Precedent 19.C Creditors’ voluntary winding-up: notice of first meeting of members

  • Precedent 19.D Creditors’ voluntary winding-up: notice of first creditors’ meeting

  • Precedent 19.E Proxy (members’ or creditors’ voluntary winding up)

  • Precedent 19.F Proxy (winding up by the court or bankruptcy)

Sections

    General Provisions
    Initial Procedures
    Liquidator's Powers And Duties
    Distributions And Release
    Striking Off And Other Dissolution Procedures
    Scotland
    Precedents
    Appendices