COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 270 Final meeting and dissolution.

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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 270

Final meeting and dissolution.

270.(1) 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 and a
meeting of the creditors for the purpose of laying the account before the
meetings and giving any explanation thereof.

(2) Each such 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 date of the meetings, or, if the meetings are
not held on the same date, after the date of the later 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 meetings and of their dates, 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 either such 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, in
respect of that meeting, be deemed to have been complied with.

(4) Subject to sub-section (5), the registrar on receiving the account and, in
respect of each such meeting, either of the returns hereinbefore mentioned,
shall forthwith register them, and on the expiration of three months from the
registration thereof 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 or a
meeting of the creditors as required by this section, he shall be liable to a
fine not exceeding fifty pounds.

Provisions applicable to every voluntary winding up.

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Northern Irish Legislation

COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 270