# Companies Act 1948, Section 403: Actions stayed on winding-up order.


Where an order has been made for winding up an unregistered company, no action or proceeding shall be proceeded with or commenced against any contributory of the company in respect of any debt of the company, except by leave of the court, and subject to such terms as the court may impose.

---
Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/403 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-403
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.