Companies Act 2014 section 673

Delivery of property of company to liquidator

Section 673 deals with the obligation of certain persons to hand over company property, money, books and papers to the liquidator during a winding up, and the court's power to enforce such delivery.

• A liquidator can issue a written notice requiring contributories, trustees, receivers, bankers, agents or officers to hand over any company property in their possession within a specified period.
• The court can independently, or on the liquidator's application, order any of those persons to transfer company property to the liquidator immediately or within a set timeframe.
• For the purpose of acquiring or retaining company property, the liquidator has the same standing as a court-appointed receiver, and the court can enforce this on application.
• The section applies to all types of winding up — including voluntary liquidations and situations where a provisional liquidator has been appointed — and "liquidator" includes a provisional liquidator.