Regulation 46
Expenses of sales
of Insolvency, Restructuring and Dissolution (Court-Ordered Winding Up) Regulations 2020
Subsidiary LegislationIn forceProvision 47 of 57
Regulation 46
Where the liquidator sells any property forming part of a company’s assets through an auctioneer or other agent, the gross proceeds of the sale must be paid over by the auctioneer or agent to the liquidator, and the charges and expenses connected with the sale must afterwards be paid to the auctioneer or agent.