Ireland · Winding up, strike off and restoration
Contributories, the committee of inspection and the powers of the court in a winding up
the Companies Act 2014 · sections 656, 658, 664, 666 to 669, 672 to 674 and 676
The liquidator settles a list of contributories early and unpaid share amounts stay due
The list of contributories decides who can be asked to contribute, and it is settled early. In the event of a company being wound up, the liquidator must, as soon as is reasonably practicable, settle a list of contributories, subject to section 656(3) (section 656(1)). Members and former members who assume that limited liability ends the matter often discover that unpaid amounts on shares are still due.
Orders made in a winding up carry immediate notice duties. Where the court makes an order under section 669(1), the applicant must forthwith give notice of the making of the order in the prescribed form, without prejudice to section 669(6) (section 669(2)). Forthwith is not a period that can be diarised, so the notice has to be prepared before the order is sought.
Sections 656 to 676 govern contributories, court applications and the committee of inspection
Sections 656, 658 and 664 govern the list of contributories, the liability of present and past members and the calls that may be made. Sections 666 to 669 govern applications to the court in the course of a winding up and the orders that may be made, together with the notice that follows each order.
Sections 672 to 674 and 676 govern the committee of inspection, its composition, its proceedings and its functions. The committee is the body with which the liquidator agrees remuneration under section 646(2), so its constitution has consequences well beyond supervision.
The system generates your ComplianceSME company passport and then walks you through the working files
Working files 105 and 106 of the IE-COMPANY agent toolkit cover this situation. Working file 105 works through the list of contributories, how it was settled, what calls have been made and how the committee of inspection was formed and how it operates. Working file 106 works through every application made to the court in the winding up, the order obtained and the notice given following it.
- Working file 105 · Contributories and the committee of inspection
- Working file 106 · The court's powers in a winding up
Free, with a free account
The working files above open from your ComplianceSME account at no charge, and so does the rest of the Companies Act 2014 toolkit: 215 working files across the 75 situations a company registered in Ireland can be in. Working file 1 runs first and builds the company passport; after that you open each working file as its situation arises.
A working file runs in Claude. You ask the ComplianceSME connector for it in a dedicated premium seat on the Claude Team plan. It asks one question at a time, then returns the document the Companies Act 2014 names, citing the Act's section at every step. Nothing is downloaded and nothing is installed.
The report stays yours, ready for a bank, an insurer, a customer or an inspector. Your dashboard shows every working file and its state.
Open this working fileComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete
Winding up continues with the voluntary routes, the liquidator, the creditors, strike off and restoration
- A members' voluntary winding up and the final dissolution
- A creditors' voluntary winding up and the final meetings
- Realising the assets, the statement of affairs and antecedent transactions
- Paying the creditors: preferential payments and unclaimed dividends
- The liquidator: qualification, appointment, powers and remuneration
- Running the winding up: annual meetings, progress reports and offences
- Voluntary strike off and restoration to the register