Insolvency Act · s 67

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 67Notice of resolution to wind up

(1)

When a company has passed a resolution for voluntary winding up, it shall, within 14 days after the passing of the resolution, give notice of the resolution by advertisement in the Gazette.

(2)

A company and every officer of the company who fails to comply with subsection (1) is guilty of an offence and liable on conviction to a fine not exceeding $1,000, and, in the case of a continuing offence, with a

Insolvency further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.

(3)

For the purposes of this section, the liquidator is deemed to be an officer of the company.