COMPANIES ACT 1963 - SECT 272 Duty of liquidator to call meetings of company and of creditors at end of each year.

272.—(1) In the event of the winding up continuing for more than one year, the liquidator shall summon a general meeting of the company and a meeting of the creditors at the end of the first year from the commencement of the winding up, and of each succeeding year, or at the first convenient date within 3 months from the end of the year, and shall lay before the meetings an account of his acts and dealings and of the conduct of the winding up during the preceding year and shall within 7 days after the later of such meetings send a copy of that account to the registrar.

(2) If the liquidator fails to comply with this section, he shall be liable to a fine not exceeding £50.

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