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In force2022 Revised Edition
Contents

Chapter II

67. Notice 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.

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