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267: Self-incrimination
or “Protection from self-incrimination during company examinations”

You could also call this:

“Liquidator can make shareholders pay what they owe to the company”

If you’re a company liquidator, you have special powers to make shareholders pay what they owe to the company. You can do this in two ways:

First, if a shareholder needs to pay money for their shares, you can ask them to do so. This is called ‘making calls’ on their shares.

Second, if a current or former shareholder owes money to the company for any reason, you can make them pay it.

When you ask a shareholder to pay for their shares, you must do it in writing. This means you can’t just tell them over the phone or in person - you need to write it down.

These powers help you get money that’s owed to the company when you’re sorting out its affairs.

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Next up: 269: Power to disclaim onerous property

or “Liquidators can remove problematic property from the company”

Part 16 Liquidations
Duties, rights, and powers of liquidators

268Power of liquidator to enforce liability of shareholders and former shareholders

  1. The liquidator may—

  2. if a shareholder is liable to calls, make calls on the shares held by that shareholder:
    1. if a shareholder or former shareholder is liable to the company, enforce that liability.
      1. A call made under subsection (1)(a) must be made in writing.