105 Meetings of company and creditors at each year's end [(Scotland)]
105 Meetings of company and creditors at each year's end [(Scotland)]

(1)     If the winding up [of a company registered in Scotland] continues for more than one year, the liquidator shall summon a general meeting of the company and a meeting of the creditors 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 3 months from the end of the year or such longer period as the Secretary of State may allow.

(2)     The liquidator shall lay before each of the meetings an account of his acts and dealings and of the conduct of the winding up during the preceding year.

(3)     If the liquidator fails to comply with this section, he is liable to a fine.

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