[124B Petition for winding up of SE]
[124B Petition for winding up of SE]

[(1)     Where—

(a)     an SE whose registered office is in Great Britain is not in compliance with Article 7 of Council Regulation (EC) No 2157/2001 on the Statute for a European company (the “EC Regulation”) (location of head office and registered office), and

(b)     it appears to the Secretary of State that the SE should be wound up, he may present a petition for it to be wound up if the court thinks it is just and equitable for it to be so.

(2)     This section does not apply if the SE is already being wound up by the court.