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Rule 4.82 Third excepted case

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

The court's leave under section 216(3) is not required where the company there referred to, though known by a prohibited name within the meaning of the section, -

(a)

has been known by that name for the whole of the period of 12 months ending with the day before the liquidating company went into liquidation, and

(b)

has not at any time in those 12 months been dormant within the meaning of section 252(5) of the Companies Act.