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Version date: 6 July 2022 - onwards
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683. Obligation (unless relieved) of liquidator of insolvent company to apply for restriction of directors

(1) In this section -

(a) "insolvent company" has the same meaning as it has in Chapter 3 (restrictions on directors of insolvent companies) of Part 14; and

(b) a reference to a director of the insolvent company is a reference to a person who was a director or shadow director of the company at the date of, or within 12 months before, the commencement of its winding up.

(2) In a winding up of an insolvent company, where this subsection applies, the liquidator shall apply under section 819(1) for a declaration under that provision in respect of each of the directors of the company.

(3) As respects subsection (2) -

(a) that subsection applies unless the Authority has relieved the liquidator of the obligation to make the application under section 819(1) in relation to the winding up concerned or a particular director or directors (which power to so relieve is conferred on the Authority by this paragraph), and

(b) where the Authority relieves the liquidator of that obligation in respect of

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