Section 76(2)

If the winding up commenced within one year of the date on which the relevant payment was made, then— are, so as to enable that insufficiency to be met, liable to contribute to the following extent to the company’s assets. the person from whom the shares were redeemed or purchased, and the directors who signed the statement made in accordance with section 714(1) to (3) of the Companies Act 2006 for purposes of the redemption or purchase (except a director who shows that he had reasonable grounds for forming the opinion set out in the statement,

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