Rule 18.7 Progress reports in voluntary winding up: timing

This rule applies for the purposes of sections 92A and 104A M1 and prescribes the periods for which reports must be made.

The liquidator's progress reports in a voluntary winding up must cover the periods of—

The periods for which progress reports are required under paragraph (2) are unaffected by any change in the liquidator.

However where a liquidator ceases to act the succeeding liquidator must, as soon as reasonably practicable after being appointed, deliver a notice to the members (in a members' voluntary winding up) or to members and creditors (in a creditors' voluntary winding up) of any matters about which the succeeding liquidator thinks the members or creditors should be informed.

A progress report is not required for any period which ends after F1a notice is delivered under rule 5.9(1) (members’ voluntary winding up) or after the date to which a final account is made up under section F2... 106 and is delivered by the liquidator F3... to members and creditors (creditors' voluntary winding up).

The liquidator must F4deliver a copy of each progress report within two months after the end of the period covered by the report to—