223 Restrictions on voluntary winding-up etc

223  Restrictions on voluntary winding-up etc

(1)     No resolution for voluntary winding up shall be passed by a PPP company without leave of the court granted on an application made for the purpose by the company.

(2)     No such leave shall be granted unless—

(a)     notice of the application has been served on the Mayor; and

(b)     a period of at least fourteen days has elapsed since the service of that notice.

(3)     Where an application for leave under subsection (1) above has been made by a PPP company, the Mayor may, at any time before leave has been granted under subsection (1) above, make

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