Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 10 · Winding Up of Unregistered Companies and Liquidation or Dissolution of Foreign Companies
247. Contributories in winding up of unregistered company
Feedback & supportOn an unregistered company being wound up, every person is a contributory —
unregistered company
“unregistered company” includes a foreign company and any partnership, association, club or company but does not include a company incorporated under the Companies Act 1967 or under any corresponding previous written law.(2) This Division is in addition to, and not in derogation of, any provisions contained in this or any other written law with respect to the winding up of companies by the Court and the Court may exercise any powers or do any act in the case of unregistered companies which might be exercised or done by the Court in winding up companies. For the purposes of this Division,
who is liable to pay or contribute to the payment of —
any debt or liability of the company;
any sum for the adjustment of the rights of the members among themselves; or
the costs and expenses of winding up; or
where the company has been dissolved in the place in which it is formed or incorporated, who immediately before the dissolution was so liable,and every contributory is liable to contribute to the assets of the company all sums due from him or her in respect of any such liability.
On the death or bankruptcy of any contributory, the provisions of this Act with respect to the personal representatives of deceased contributories and the assignees and trustees of bankrupt contributories respectively apply.
bankrupt
“bankrupt” means —(a)an individual debtor who has been adjudged bankrupt by a bankruptcy order; or(b)where a bankruptcy order has been made against a firm, each of the partners in the firm;