{
  "url": "https://openlegislation.uk/insolvency-act-1986/section-A24",
  "json_url": "https://openlegislation.uk/insolvency-act-1986/section-A24.json",
  "legislation": "ukpga/1986/45",
  "legislation_title": "Insolvency Act 1986",
  "legislation_url": "https://openlegislation.uk/insolvency-act-1986",
  "path": "section/A24",
  "kind": "section",
  "number": "A24",
  "heading": "Duty of directors to notify monitor of insolvency proceedings etc",
  "text": "(1) The directors of a company must notify the monitor before taking any of the following steps during a moratorium—\n(a) presenting a petition for the winding up of the company;\n(b) making an administration application in respect of the company;\n(c) appointing an administrator under paragraph 22(2) of Schedule B1.\n(2) The directors of a company must notify the monitor if, during a moratorium for the company, they recommend that the company passes a resolution for voluntary winding up under section 84(1)(b).\n(3) The rules may make provision about the timing of a notice required to be given under subsection (1) or (2).\n(4) If the directors fail to comply with subsection (1) or (2), any director who did not have a reasonable excuse for the failure commits an offence.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. A1 inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 1(1), 49(1) (with ss. 2(2), 5(2))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/45/section/A24",
    "retrieved_at": "2026-10-29T09:55:00.443447+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}