S.L. 386.15 Art. 19Winding up. S.L. 386.14

(1) A recognised incorporated cell company shall be dissolved and wound up in accordance with the provisions of Title II of the Act and any regulations made thereunder.

(2) A recognised incorporated cell company that has been dissolved and wound up shall not be struck off the register until each of its incorporated cells have been either -

(a) transformed into non-cellular companies under regulation 23; or

(b) relocated to another recognised incorporated cell company under regulation 24 or to an incorporated cell company under regulation 24 of the Companies Act

(SICAV Incorporated Cell Companies) Regulations; or

(c) expelled under regulation 25; or

(d) continued as a body corporate under the law of another jurisdiction; or

(e) struck-off, and the Registrar has obtained the consent of the competent authority to the striking-off of the recognised incorporated cell company.