# The Insolvency (Scotland) (Receivership and Winding up) Rules 2018, Article 7.7: Progress reports in voluntary winding up: timing and delivery


(1) This rule applies for the purposes of sections 92A and 104A and prescribes the periods for which reports must be made.
(2) The liquidator's progress reports in a voluntary winding up must cover the periods of—
(a) 12 months starting on the date the liquidator is appointed; and
(b) each subsequent period of 12 months.
(3) The periods for which progress reports are required under paragraph (2) are unaffected by any change in the liquidator.
(4) 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.
(5) A progress report is not required for any period which ends after a notice is delivered under rule 3.11 (delivery of draft final account to members in members' voluntary winding up) or after the date to which a final account is made up under section 106 and is delivered by the liquidator to members and creditors (creditors' voluntary winding up).
(6) The liquidator must deliver a copy of each progress report within 6 weeks after the end of the period covered by the report to—
(a) AiB (who is a prescribed person for the purposes of sections 92A and 104A);
(b) the members; and
(c) in a creditors' voluntary liquidation, the creditors.

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Source: https://www.legislation.gov.uk/ssi/2018/347/part/7/chapter/1/article/7n7 (the official version)
Page: https://openlegislation.uk/insolvency-scotland-receivership-and-winding-up-rules-2018/part-7/chapter-1/article-7n7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.