COMPANIES.
No. 58 of 1911.
2091
(3) The Official Receiver shall cause the account to be audited, and for the purpose of the audit the liquidator shall furnish the Official Receiver with such vouchers and information as he may require, and the Official Receiver may at any time require the production of and inspect any books or accounts kept by the liquidator.
(4) When the account has been audited, one copy thereof shall be filed with the Official Receiver, and shall be open to the inspection of any creditor, or of any person interested.
(5) The Official Receiver shall cause the account, when audited, or a summary thereof, to be published in the Gazette.
151. Every liquidator of a company which is being wound up by the court shall keep, in manner prescribed, proper books in which he shall cause to be made entries or minutes of proceedings at meetings, and of such other matters as may be prescribed, and any creditor or contributory may, subject to the control of the court, personally or by his agent inspect any such books.
152.—(1) When the liquidator of a company which is being wound up by the court has realised all the property of the company, or so much thereof as can, in his opinion, be realised without needlessly protracting the liquidation, and has distributed a final dividend, if any, to the creditors, and adjusted the rights of the contributories among themselves, and made a final return, if any, to the contributories, or has resigned, or has been removed from his office, he shall cause a report on his accounts to be prepared, and, on his complying with all the requirements of the court, the court shall take into consideration the report, and any objection which may be urged by the Official Receiver or any creditor, or contributory, or person interested against the release of the liquidator, and shall either grant or withhold the release accordingly.
(2) Where the release of a liquidator is withheld, the court may, on the application of the Official Receiver or any creditor, or contributory, or person interested, make such order as it thinks just, charging the liquidator with the consequences of any act or default which he may have done or made contrary to his duty.