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 IV
Insolvency Act · 2022 Revised Edition · Chapter IV
Official textFrom Attorney General's Chambers, unchanged
If the winding up of a company continues for more than one year, the liquidator shall —
company
“company” means a company incorporated or registered under the Companies Act;
for each prescribed period, produce a progress report relating to the prescribed matters; and
within such period commencing with the end of the period referred to in paragraph (a) as may be prescribed, send a copy of the progress report to —
Insolvency
the members and creditors of the company; and
such other persons as may be prescribed.
A liquidator who fails to comply with this section 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 further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
company
“company” means a company incorporated or registered under the Companies Act;
insolvency
“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
Part