Last Updated: 24 June 2022

[COM 409] Notice to the Registrar409 

409
(1) If the directors of a company pass a negative solvency resolution under section 408(1), the company must notify the Registrar of that fact, in the prescribed form, within 7 days after the resolution is passed.
(2) If—
  • (a)subsection (1) applies to the directors of a company; and
  • (b)the directors have not passed a solvency resolution under section 408(1) within 2 months after the anniversary of the day on which it is registered,

the company must notify the Registrar of that fact, in the prescribed form, within 7 days after the end of the 2 month period after the end of the financial year.