In force2020 Revised Edition

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Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up

194. Notification that company is in liquidation

(1)

Where a company is being wound up —

(a)

every invoice, order for goods, business letter, order form or other correspondence (whether in hard copy, electronic or any other form) issued by or on behalf of the company, a liquidator of the company, or a receiver or manager of the property of the company, being a document on or in which the name of the company appears; and

(b)

every Internet website of the company on or in which the name of the company appears,must have the words “in liquidation” added after the name of the company where it first appears in that document or Internet website.

(2)

A provisional liquidator appointed over a company must comply with subsection (1), except that the words “in provisional liquidation” must be added after the name of the company instead of the words “in liquidation”.

(3)

If there is any default in complying with this section, each of the following shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and also to a default penalty:

(a)

the company;

(b)

each of the following persons who knowingly and wilfully authorises or permits the default:

(i)

an officer of the company;

(ii)

a liquidator of the company;

(iii)

a provisional liquidator of the company;

(iv)

a receiver or manager of the property of the company.