Part 8Registered social landlords: organisational change etc.
Winding up petition
105Regulator’s power to petition for winding up
1
This section applies to a registered social landlord which is—
a
a registered society, or
b
a registered company.
2
The Regulator may present a petition for the winding up of the registered social landlord under the Insolvency Act 1986 (c.45) on the ground—
a
that the registered social landlord is failing properly to carry out its objects,
b
that the registered social landlord is unable to pay its debts within the meaning of section 123 of that Act, or
c
the Regulator has directed the registered social landlord under section 67 to transfer all its assets to another registered social landlord.