Section 124A

Where it appears to the Secretary of State from— that it is expedient in the public interest that a company should be wound up, he may present a petition for it to be wound up if the court thinks it just and equitable for it to be so. any report made or information obtained under Part XIV (except section 448A) of the Companies Act 1985 (company investigations, &c.), any report made by inspectors under— section 167, 168, 169 or 284 of the Financial Services and Markets Act 2000, or where the company is an open-ended investment company (within the meaning of that Act), regulations made as a result of section 262(2)(k) of that Act; any information or documents obtained under section 165, 171, 172, 173 or 175 of that Act, any information obtained under section 2 of the Criminal Justice Act 1987 or section 28 of the Criminal Law (Consolidation) (Scotland) Act 1995 (fraud investigations), or any information obtained under section 83 of the Companies Act 1989 (powers exercisable for purpose of assisting overseas regulatory authorities), This section does not apply if the company is already being wound up by the court.

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Source: legislation.gov.uk · retrieved 2026-09-04