Since the first anniversary of liquidations converted from Administrations on or after 6 April 2010 has recently passed we thought that it was an opportune time to remind you about the obligation to issue annual progress reports in such cases.
Where a CVL was converted from an Administration on or after 6 April 2010 then the 2010 Rules apply such that you have to issue an annual progress report, and there is no need to file section 192 returns or hold meetings of creditors or of the company. These rules apply irrespective of when the preceding Administration commenced.
The rules are different for compulsory liquidations, however, as the requirement under the 2010 Rules to issue annual progress reports only applies where the preceding Administration was commenced on or after 6 April 2010.
