Companies Act 2014 section 761

Director may present petition for winding up following consideration of report

Section 761 deals with the power of the Corporate Enforcement Authority to petition the court to wind up a company on the grounds that it is just and equitable to do so, based on inspector reports or other information obtained in the course of its functions.

• The Corporate Enforcement Authority may petition the court to wind up a body corporate where it considers it just and equitable to do so.
• The petition may be based on a report from court-appointed inspectors who investigated the company's affairs.
• The petition may also be based on any information or documents obtained by the Authority in the performance of any of its functions, not limited to those under Part 13.
• This broad scope ensures the Authority can rely on evidence gathered through various means, including company registers, bankers' books evidence, and information volunteered by witnesses.