PART 7WINDING UP BY THE COURT

CHAPTER 11Calls on contributories

Making and enforcement of the call7.90

1

The liquidator must deliver a notice of the call to each of the contributories concerned.

2

The notice must contain—

a

identification details for the company;

b

identification and contact details for the liquidator;

c

a statement that a call on the contributories specified in the notice of the amount per share stated in the notice was sanctioned by—

i

a resolution of the liquidation committee of the company passed on the date which is stated in the notice, or

ii

an order of the court named in the notice on the date which is stated in the notice;

d

the amount per share of the call;

e

the amount or balance due from the contributory to whom the notice is addressed in respect of the call;

f

the date by which the sum must be paid;

g

a warning to the contributory that, if the required sum is not paid by the date specified in the notice, interest at the rate specified in the notice will be charged on the unpaid amount from that date until payment; and

h

the specified annual interest rate.

3

The notice must be accompanied by a copy of the resolution of the liquidation committee sanctioning the call or of the court’s order giving permission as the case may be.