COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 260 Final meeting and dissolution.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 260

Final meeting and dissolution.

260.(1) Subject to section two hundred and sixty-one, as soon as the affairs
of the company are fully wound up, the liquidator shall make up an account of
the winding up, showing how the winding up has been conducted and the property
of the company has been disposed of, and thereupon shall call a general
meeting of the company for the purpose of laying before it the account, and
giving any explanation thereof.

(2) The meeting shall be called by advertisement in the Belfast Gazette,
specifying the time, place and object thereof, and published one month at
least before the meeting.

(3) Within one week after the meeting, the liquidator shall send to
the registrar of companies a copy of the account, and shall make a return to
him of the holding of the meeting and of its date, and if the copy is not sent
or the return is not made in accordance with this sub-section the liquidator
shall be liable to a fine not exceeding five pounds for every day during which
the default continues, so, however, that if a quorum is not present at the
meeting, the liquidator shall, in lieu of the return hereinbefore mentioned,
make a return that the meeting was duly summoned and that no quorum was
present thereat, and upon such a return being made the provisions of this
sub-section as to the making of the return shall be deemed to have been
complied with.

(4) Subject to sub-section (5), the registrar on receiving the account and
either of the returns hereinbefore mentioned shall forthwith register them,
and on the expiration of three months from the registration of the return
the company shall be deemed to be dissolved.

(5) The court may, on the application of the liquidator or of any other person
who appears to the court to be interested, make an order deferring the date at
which the dissolution of the company is to take effect for such time as
the court thinks fit.

(6) It shall be the duty of the person on whose application an order of
the court under this section is made, within seven days after the making of
the order, to deliver to the registrar an office copy of the order for
registration, and if that person fails so to do he shall be liable to a fine
not exceeding five pounds for every day during which the default continues.

(7) If the liquidator fails to call a general meeting of the company as
required by this section, he shall be liable to a fine not exceeding fifty
pounds.

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 260