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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 259

Duty of liquidator to call general meeting at end of each year.

259.(1) Subject to section two hundred and sixty-one, in the event of the
winding up continuing for more than one year, the liquidator shall summon a
general meeting of the company at the end of the first year from the
commencement of the winding up, and of each succeeding year, or at the first
convenient date within three months from the end of the year or such longer
period as the Ministry may allow, and shall lay before the meeting an account
of his acts and dealings and of the conduct of the winding up during the
preceding year.

(2) If the liquidator fails to comply with this section, he shall be liable to
a fine not exceeding ten pounds.

© 1960 Crown Copyright

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