Article 21 Savings as to certain old liquidations

Northern Ireland

(1)

The provisions of the principal Order with respect to winding up (other than Article 588 and paragraph (2)) do not apply to any company of which the winding up commenced before 1st January 1933; but every such company shall be wound up in the same manner and with the same incidents as if the 1932 c. 7 (N.I.) Companies Act (Northern Ireland)1932, the Act of 1960 and the principal Order (apart from the provisions above-mentioned) had not passed or been made; and, for the purposes of the winding up, the statutory provision or provisions under which the winding up commenced are deemed to remain in full force.

(2)

An office copy of every order staying the proceedings in a winding up commenced as mentioned in paragraph (1) shall forthwith be forwarded by the company, or otherwise as may be prescribed, to the registrar for registration.

Notes on the whole Order

Textual amendments

F1: Order repealed (1.10.2009) by Companies Act 2006 (c. 46), ss. 1284(2), 1295, 1300(2), Sch. 16; S.I. 2008/2860, arts. 3(z), 4, Sch. 1 Pt. 2 (with arts. 5, 7, 8, Sch. 2 (as amended by S.I. 2009/1802, art. 18, Sch. and S.I. 2009/2476, reg. 2(3)) and S.I. 2009/1941, arts. 10, 12, Sch. 3)