Companies Act 2014 section 1330

Contributories in winding up of unregistered company

Section 1330 defines who is considered a contributory when an unregistered company is being wound up and sets out their obligations to contribute to the company's assets.

• Anyone liable for a debt or liability of the unregistered company is deemed a contributory in its winding up
• Persons required to pay sums for the adjustment of rights between members are also contributories
• Those liable for the costs and expenses of the winding up itself are contributories and must pay all sums due from them
• Where a contributory dies or becomes bankrupt, the Act's provisions on personal representatives and assignees in bankruptcy apply accordingly