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(3) Subsection 228A(4)
Add a new subsection (4A):
"(4A)(1) The provisional liquidator shall, within
14 days after his appointment, deliver
to the Registrar for registration a notice
of his appointment.
(2) If the provisional liquidator fails to
comply with the requirement of this
subsection he shall be liable to a fine of
$200 for every day during which the default
continues."
Reason:
Section 253 of the Companies Ordinance requires a
liquidator in an "ordinary" voluntary winding up to
register with the Registrar of Companies a notice of
his appointment. It is considered that a similar
requirement should be included in Section 228A for the
benefit of any person making a search of the public
file of the company in the Companies Registry.
(4) Subsection 228A(6)(a)
Amend by deleting "as the Official Receiver may allow"
and substituting new provisions for the extension of
time to be granted either by a meeting of the creditors.
summoned under the section or, failing this, by the
court on application by the provisional liquidator.
The subsection should also be amended to make it
clear that more than one extension of the provisional
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Private notes are available after approval.