QB 20/03
Issued
11 Dec 2020

QB 20/03: First step legally necessary to achieve liquidation when a liquidator is appointed

This Question We’ve Been Asked considers when the first step legally necessary to achieve liquidation occurs when a liquidator is appointed under the Companies Act 1993. The item is designed to sit alongside public ruling BR Pub 14/09: Meaning of 'Anything Occurring on Liquidation' When a Company Requests Removal from the Register of Companies. The item confirms that the first step legally necessary to achieve liquidation when a liquidator is appointed is the special resolution of shareholders to appoint a named liquidator.

Tax Information Bulletin Vol 33 No 1 - February 2021

Companies Act 1993: 241, 317, 318
Income Tax Act 2007: YA 1 (“liquidation”)