Commentary

148 Moving from administration to dissolution

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

148 Moving from administration to dissolution

| Commentary

148 Moving from administration to dissolution

If the administrator of a company, whether appointed by court order or out of court, thinks that the company has no property, which might permit a distribution to its creditors, he must send a notice to that effect to the registrar of companies, unless the court, in its discretion, on the application of the administrator disapplies this rule1. On receipt and registration of the notice, the appointment of the administrator ceases to have effect. At the end of the period of three months beginning with the date of registration of the notice,

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