Insolvency Rules 2005 Form 235(7) - Notice of Release of Liquidator

Summary

This is a statutory form (Form 235(7)) prescribed under the BVI Insolvency Rules 2005, used by a former liquidator to notify the Registrar of Companies that a court has granted their release from office under section 235(7) of the Insolvency Act 2003. It is a notification template rather than a document creating ongoing regulatory obligations beyond the filing itself.

• Purpose: Formally notifies the Registrar of Companies that the court has released the liquidator, either unconditionally or subject to stated conditions.
• Required attachment: An office copy of the court order granting the release must be attached to the notice.
• Required details: Company number and name, full name/address/practitioner licence number of the former liquidator(s), the date of release, any conditions imposed, and the presenter's name, address and reference.
• Filing recipient: The completed form is submitted to the Registrar of Companies, P.O. Box 418, Road Town, Tortola, British Virgin Islands.

Key obligations

• A former liquidator who has been released by court order must file this Form 235(7) notice with the Registrar of Companies.
• The notice must have an office copy of the court order of release attached.
• The form must specify whether the release was granted unconditionally or subject to conditions, and detail any such conditions.
• The form must be signed and dated by the former liquidator(s).

Applies to

liquidators, insolvency practitioners, companies in liquidation