30. Intention to declare and distribute dividend

(1) In an administration and in a winding-up, the Office-holder must deliver notice to the creditors of the Office-holder's intention to declare and distribute a dividend in accordance with paragraph 31 (Notice of intention to declare a dividend) of Part 4 (Distributions to creditors) of this Schedule.
(2) In a winding-up, whenever the liquidator has sufficient funds in hand for the purpose the liquidator must, subject to the retention of such sums as may be necessary for the expenses of the winding-up, declare and distribute dividends among the creditors in respect of the debts which they have respectively proved.