Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 9 · Investigations
119. Winding up of VCC
Feedback & supportAn application to the Court for the winding up of a declared VCC may be made by the Minister at any time after a report has been made by an inspector in respect of the VCC (but not one mentioned in subsection (2)), whereupon the provisions of this Act as to the winding up of a VCC apply with the necessary modifications, as if an application for such winding up had been made by the VCC to the Court.
An application to the Court for the winding up of a sub-fund of an umbrella VCC that is a declared VCC may be made by the Minister at any time after a report has been made by an inspector in respect of the sub‑fund, whereupon the provisions of this Act as to the winding up of a sub‑fund of a VCC apply with the necessary modifications, as if an application for such winding up had been made by the VCC to the Court.
sub-fund
“sub-fund” means a collective investment scheme that is part of an umbrella VCC;