Insolvency Act · 2022 Revised Edition · Chapter IX
174. Dissolution after voluntary winding up
Official textFrom Attorney General's Chambers, unchanged
This section applies, in the case of a company wound up voluntarily, where the liquidator has sent to the Registrar his final account and return under section 75 or 87.
company
“company” means a company incorporated or registered under the Companies Act;
Insolvency 138
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
The Registrar on receiving the account and return shall forthwith register them; and on the expiration of 3 months from the registration of the return, the company is deemed to be dissolved.
The Court may, on the application of the liquidator or any other person who appears to the Court to be interested, make an order deferring the date at which the dissolution of the company is to take effect for such time as the Court thinks fit.
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
It is the duty of the person on whose application an order of the
Court under this section is made, within 7 days after the making of the order, to deliver to the Registrar a copy of the order for registration; and if that person fails to do so, he is guilty of an offence and liable on conviction to a fine not exceeding $10,000, and, in the case of a continuing offence, with a further fine not exceeding $500 for every day or part thereof during which the offence continues after conviction.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
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