Companies Act 2014 section 681

Information about progress of liquidation

Section 681 requires a liquidator to file periodic progress reports with the Registrar where a company's winding up has not been concluded within one year of its commencement.

• Where a winding up is not concluded within 12 months, the liquidator must send prescribed statements to the Registrar at regular intervals detailing the progress and current position of the winding up
• The first report is due on the first anniversary of the winding up's commencement, with a 14-day grace period allowed for filing
• Subsequent reports must be filed every six months (or at such other intervals as may be prescribed) after the first anniversary
• A liquidator who fails to comply with the reporting obligation commits a category 3 offence, though the court may direct that the obligation does not apply to a particular winding up

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