In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Chapter VI
Insolvency Act · 2022 Revised Edition · Chapter VI
Official textFrom Attorney General's Chambers, unchanged
As soon as may be after making a winding up order, the Court shall settle a list of contributories, with power to rectify the register of members in all cases where rectification is required and shall cause the company’s assets to be collected, and applied in discharge of its liabilities.
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
If it appears to the Court that it will not be necessary to make calls on or adjust the rights of contributories, the Court may dispense with the settlement of a list of contributories.
In settling the list, the Court shall distinguish between persons who are contributories in their own right and persons who are contributories as being representatives of or liable for the debts of others.
company
“company” means a company incorporated or registered under the Companies Act;
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
Part