CAP. 32]
Payment of undistributed
Companies.
Unclaimed Funds and Undistributed Assets in the Hands of a Liquidator.
183. (1) All money in the hands or under the control
and unclaimed of a liquidator of a company representing unclaimed
money into
companies
liquidation account.
R. 196.
Form 105,
dividends, which for six months from the date when the dividend became payable have remained in the hands or under the control of the liquidator, shall forthwith, on the expiration of the six months, be paid into the companies liquidation account.
(2) In a voluntary winding up or a winding up under the supervision of the court all other money in the hands or under the control of a liquidator of a company, representing unclaimed or undistributed assets, which under subsection (1) of section 270 of the Ordinance, the liquidator is to pay into the companies liquidation account, shall be ascertained as on the date to which the statement of receipts and payments sent in to the Registrar of Companies is brought down, and the amount to be paid to the companies liquidation account shall be the minimum balance of such money which the liquidator has had in his hands or under his control during the six months immediately preceding the date to which the statement is brought down, less such part (if any) thereof as the Official Receiver may authorize him to retain for the immediate purposes of the liquidation. Such amount shall be paid into the companies liquidation account within fourteen days from the date to which the statement of account is brought down.
(3) Notwithstanding anything in this rule, any moneys representing unclaimed or undistributed assets or dividends in the hands of the liquidator at the date of the dissolution of the company shall forthwith be paid by him into the companies liquidation account.
(4) A liquidator whose duty it is to pay into the companies liquidation account money representing unclaimed or undistributed assets of the company shall pay in the same through the Official Receiver and shall be entitled to a certificate of receipt for the money so paid in Form 105.
102
CAP. 32]
Payment of undistributed
Companies.
Unclaimed Funds and Undistributed Assets in the Hands of a Liquidator.
183. (1) All money in the hands or under the control
and unclaimed of a liquidator of a company representing unclaimed
money into
companies
liquidation account.
R. 196.
Form 105,
dividends, which for six months from the date when the dividend became payable have remained in the hands or under the control of the liquidator, shall forthwith, on the expiration of the six months, be paid into the companies liquidation account.
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(2) In a voluntary winding up or a winding up under the supervision of the court all other money in the hands or under the control of a liquidator of a company, repre- senting unclaimed or undistributed assets, which under subsection (1) of section 270 of the Ordinance, the liquida- tor is to pay into the companies liquidation account, shall be ascertained as on the date to which the statement of-receipts and payments sent in to- the Registrar of Com- panies is brought down, and the amount to be paid to the companies liquidation account shall be the minimum. balance of such money which the liquidator has had in his hands or under his control during the six months immediately preceding the date to which the statement is brought down, less such part (if any) thereof as the Official Receiver may authorize him to retain for the immediate purposes of the liquidation. Such amount shall be paid into the companies liquidation account within fourteen days from the date to which the statement of account is brought down.
(3) Notwithstanding anything in this rule, any moneys representing unclaimed or undistributed assets or dividends. in the hands of the liquidator at the date of the dissolu- tion of the company shall forthwith be paid by him into the companies liquidation account.
(4) A liquidator whose duty it is to pay into the companies liquidation account money representing un- claimed or undistributed assets of the company shall pay in the same through the Official Receiver and shall be entitled to a certificate of receipt for the money so paid in Form 105.
102
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