PART 5MEMBERS’ VOLUNTARY WINDING UP

CHAPTER 2The liquidator

Application by former liquidator to the Secretary of State for release (section 173(2)(b)) 635.14

1

This rule applies to a liquidator who—

a

is removed by the court;

b

vacates office on ceasing to be qualified to act as an insolvency practitioner in relation to the company; or

c

vacates office in consequence of the court making a winding-up order against the company.

2

Where the former liquidator applies to the Secretary of State for release the application must contain—

a

identification details for the former liquidator;

b

identification details for the company;

c

the circumstances under which the former liquidator ceased to act as liquidator; and

d

a statement that the former liquidator is applying to the Secretary of State for release.

3

The application must be authenticated and dated by the former liquidator.

4

When the Secretary of State gives a release, the Secretary of State must deliver—

a

a certificate of the release to the former liquidator; and

b

a notice of the release to the registrar of companies.

5

Release is effective from the date of the certificate or such other date as the certificate specifies.