Posts tagged ‘insolvency’

12 May 2013

Insolvency: a guide for directors

The Insolvency Service published in April 2013 a guide for directors “of any company involved in compulsory liquidation (winding up by the court) in England and Wales”. The guide also “talks about the disqualification of company directors and criminal offences in relation to a company [and] also summarises the other insolvency procedures that can apply to companies and explains some common insolvency terms”.

The guide (URN: 13/769) can be downloaded here.

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2 January 2013

Companies Act 1985 used in Comet collapse investigation

One of the few provisions of the Companies Act 1985 which remain in force is being used in the Insolvency Service’s investigation into the demise of Comet. Section 447, Companies Act 1985 gives the Secretary of State “power to require documents and information” from a company.

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