COMPANIES ACT 1963 – SECT 305 Disposal of books and papers of company in winding up.
305.—(1) When a company has been wound up and is about to be dissolved, the books and papers of the company and of the liquidator may be disposed of as follows—
( a ) in the case of a winding up by the court, in such way as the court directs;
( b ) in the case of a members’ voluntary winding up, in such way as the company by special resolution directs, and in the case of a creditors’ voluntary winding up, in such way as the committee of inspection or, if there is no such committee, as the creditors of the company, may direct, so, however, that such books and papers shall be retained by the liquidator for a period of 3 years from the date of the dissolution of the company and, in the absence of any direction as to their disposal, he may then dispose of them as he thinks fit.
(2) If a liquidator fails to comply with the requirements of this section he shall be liable to a fine not exceeding £100.