PART IV - WINDING UP OF COMPANIES REGISTERED UNDER THE COMPANIES ACTS

CHAPTER VI - WINDING UP BY THE COURT


Jurisdiction (England and Wales)

117. High court and county court jurisdiction
118. Proceedings taken in wrong court
119. Proceedings in county court; case stated for High Court

Jurisdiction (Scotland)

120. Court of Session and sheriff court jurisdiction
121. Power to remit winding up to Lord Ordinary

Grounds and effect of winding-up petition

122. Circumstances in which company may be wound up by the court
123. Definition of inability to pay debts
124. Application for winding up
124A. Petition for winding up on grounds of public interest
125. Powers of court on hearing of petition
126. Power to stay or restrain proceedings against company
127. Avoidance of property dispositions, etc
128. Avoidance of attachments, etc

Commencement of winding up

129. Commencement of winding up by the court
130. Consequences of winding-up order

Investigation procedures

131. Company's statement of affairs
132. Investigation by official receiver
133. Public examination of officers
134. Enforcement of Section 133

Appointment of liquidator

135. Appointment and powers of provisional liquidator
136. Functions of official receiver in relation to office of liquidator
137. Appointment by Secretary of State
138. Appointment of liquidator in Scotland
139. Choice of liquidator at meetings of creditors and contributories
140. Appointment by the court following administration or voluntary arrangement

Liquidation committees

141. Liquidation committee (England and Wales)
142. Liquidation committee (Scotland)

The liqudator's functions

143. General functions in winding up by the court
144. Custody of company's property
145. Vesting of company property in liquidator
146. Duty to summon final meeting

General powers of court

147. Power to stay or sist winding up
148. Settlement of list of contributories and application of assets
149. Debts due from contributory to company
150. Power to make calls
151. Payment into bank of money due to company
152. Order on contributory to be conclusive evidence
153. Power to exclude creditors not proving in time
154. Adjustment of rights of contributories
155. Inspection of books by creditors, etc
156. Payment of expenses of winding up
157. Attendance at company meetings (Scotland)
158. Power to arrest absconding contributory
159. Powers of court be cumulative
160. Delegation of powers to liquidator (England and Wales)

Enforcement of, and appeal from, orders

161. Orders for calls on contributories (Scotland)
162. Appeals from orders in Scotland

Next Section

PART IV - Winding up of companies registered under the Companies Act

Chapter I - Preliminary
Chapter II - Voluntary Winding Up (Introductory and General)
Chapter III - Members Voluntary Winding Up
Chapter IV - Creditor' Voluntary Winding Up
Chapter V - Provisions Applying to both kinds of Winding up
Chapter VI - Winding Up by the Court
Chapter VII - Liquidators
Chapter VIII - Provisions of general application in winding up
Chapter IX - Dissolution of companies after winding up
Chapter X - Malpractice before and during Liquidation: Penalisation of companies and company officers: Investigations and prosecutions

Insolvency Act 1986 - Index

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