OpenLegislation

Rule 7.68 Loss of qualification as insolvency practitioner

(1)

This rule applies where the liquidator vacates office on ceasing to be qualified to act as an insolvency practitioner in relation to the company.

(2)

A notice of the fact must be delivered as soon as reasonably practicable to the official receiver by one of the following—

(a)

the liquidator who has vacated office;

(b)

a continuing joint liquidator;

(c)

the recognised professional body which was the source of the vacating liquidator's authorisation to act in relation to the company.

(3)

The notice must be authenticated and dated by the person delivering the notice.

(4)

The official receiver must—

(a)

deliver a notice of receiving such a notice to the Secretary of State; and

(b)

deliver a copy to the registrar of companies.