COMPANIES ACT 1963 – SECT 300 Disqualification for appointment as liquidator.

300.—A body corporate shall not be qualified for appointment as liquidator of a company whether in a winding up by the court or in a voluntary winding up and—

( a ) any appointment made in contravention of this provision shall be void; and

( b ) any body corporate which acts as liquidator of a company shall be liable to a fine not exceeding £100.