Insolvency Act · 2022 Revised Edition · Chapter IX
177. Dissolution otherwise than under sections 175 and 176
Official textFrom Attorney General's Chambers, unchanged
This section applies where the Registrar receives —
a notice served for the purposes of section 143(7); or
a notice from the Official Receiver that the winding up of a company by the Court is complete.
The Registrar shall, on receipt of the notice, forthwith register it;
and, subject to subsections (3), (4) and (5) at the end of the period of 3
months beginning with the day of the registration of the notice, the company shall be dissolved.
company
“company” means a company incorporated or registered under the Companies Act;
The Minister may, on the application of the Official Receiver or any other person who appears to the Minister to be interested, give a direction deferring the date at which the dissolution of the company is to take effect for such period as the Minister thinks fit.
It is the duty of the person —
on whose application a direction is given under subsection (3); or
in whose favour an appeal with respect to an application for such a direction is determined, within 7 days after the giving of the direction, the determination of the appeal or the making of the order, to deliver to the Registrar, for registration, such a copy of the direction, determination or order as is prescribed.
A person who, without reasonable excuse, fails to deliver a copy as required by subsection (4), is guilty of an offence and liable on conviction
Insolvency to a fine not exceeding $1,000, and, in the case of a continuing offence, with a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
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;
Chapter X
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