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Rule 4.198 Procedure for settling listI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

  • rule 4.54(5-CVL) substituted for rule 4.54(5) by Insolvency 2010 Sch. 1 para. 179(5)
(1)

Having settled the list, the liquidator shall forthwith give notice, to every person included in the list, that he has done so.

(2)

The notice given to each person shall state—

(a)

in what character, and for what number of shares or what interest, he is included in the list,

(b)

what amounts have been called up and paid up in respect of the shares or interest, and

(c)

that in relation to any shares or interest not fully paid up, his inclusion in the list may result in the unpaid capital being called.

(3)

The notice shall inform any person to whom it is given that, if he objects to any entry in, or omission from, the list, he should so inform the liquidator in writing within 21 days from the date of the notice.

(4)

On receipt of any such objection, the liquidator shall within 14 days give notice to the objector either—

(a)

that he has amended the list (specifying the amendment), or

(b)

that he considers the objection to be not well-founded and declines to amend the list.

The notice shall in either case inform the objector of the effect of Rule 4.199.

Annotations

Commencement

I1

Rule 4.198 in force at 29.12.1986, see rule 0.1