COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 222A Appointment, style, etc., of liquidators.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 222A

Appointment, style, etc., of liquidators.

222A. The following provisions with respect to liquidators shall have effect
on a winding-up order being made

(a)the Official Assignee shall by virtue of his office become the provisional
liquidator and shall continue to act as such until he or another person
becomes liquidator and is capable of acting as such;

(b)subject to paragraph (c), the Official Assignee shall summon separate
meetings of the creditors and contributories of the company for the purpose of
determining whether or not an application is to be made to the court for
appointing a liquidator in the place of the Official Assignee;

(c)where the winding-up order has been made on the ground that the company is
unable to pay its debts, it shall not be necessary for the Official Assignee
to summon a meeting of the contributories unless the court, on the application
of a contributory, otherwise directs;

(d)the court may make any appointment and order required to give effect to a
determination under paragraph (b) and, if there is a difference between the
determinations of the meetings of the creditors and contributories in respect
of the matter aforesaid, the court shall decide the difference and make such
order thereon as the court may think fit;

(e)in a case where a liquidator is not appointed by the court,
the Official Assignee shall be the liquidator of the company;

(f)the Official Assignee shall by virtue of his office be the liquidator
during any vacancy;

(g)a liquidator shall be described, where a person other than
the Official Assignee is liquidator, by the style of "the liquidator", and,
where the Official Assignee is liquidator, by the style of "the Official
Assignee and liquidator", of the particular company in respect of which he is
appointed and not by his individual name.][

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 222A