In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Insolvency Act · 2022 Revised Edition · Part · Winding Up of Unregistered Companies
Insolvency Act · 2022 Revised Edition · Part · Winding Up of Unregistered Companies
Official textFrom Attorney General's Chambers, unchanged
In the event of an unregistered company being wound up, every person is deemed a contributory who is liable to pay or contribute to the payment of —
unregistered company
“unregistered company” includes any partnership, association and company except — (a) a company incorporated or registered under the Companies Act; or (b) a partnership, an association or a company which consists of less than 8 members and is not a foreign partnership, association or company.
any debt or liability of the company;
any sum for the adjustment of the rights of members among themselves;
the expenses of winding up the company.
Every contributory is liable to contribute to the company’s assets all sums due from him in respect of any such liability as is mentioned in subsection (1).
company
“company” means a company incorporated or registered under the Companies Act;
unregistered company
“unregistered company” includes any partnership, association and company except — (a) a company incorporated or registered under the Companies Act; or (b) a partnership, an association or a company which consists of less than 8 members and is not a foreign partnership, association or company.