208
CAP. 32]
Companies
[1984 Ed.
384 19375 a
Control of Official Receiver over liquidators. 1929 c. 23. s. 196.
Release of liquidators.
1929 c. 23, s. 197.
tenure of office, send to the Official Receiver, an account of his receipts and payments as liquidator and where the Official Receiver is liquidator he shall cause such account to be prepared.
(2) The account shall be in a prescribed form, shall be made in duplicate, and shall be verified by a statutory declaration in the prescribed form.
(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 the Official Receiver 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 and kept by the Official Receiver, and the other copy shall be delivered to the court for filing, and each copy shall be open, upon payment of the prescribed fee, to the inspection of any creditor or any person having an interest. (Amended, 6 of 1984, s. 143)
(5) The liquidator shall cause the account when audited or a summary thereof to be printed, and shall send a printed copy of the account or summary by post to every creditor and contributory:
Provided that the Official Receiver may in any case dispense with compliance with this subsection. (Replaced, 6 of 1984, s. 143)
(6)
204. (1) The Official Receiver shall take cognizance of the conduct of liquidators of companies which are being wound up by the court, and, if a liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by statute, rules, or otherwise with respect to the performance of his duties, or if any complaint is made to the Official Receiver by any creditor or contributory in regard thereto, the Official Receiver shall inquire into the matter, and take such action thereon as he may think expedient.
(2) The Official Receiver may at any time require any liquidator of a company which is being wound up by the court to answer any inquiry in relation to any winding up in which he is engaged, and may, if he thinks fit, apply to the court to examine him or any other person on oath concerning the winding up.
(3) The Official Receiver may also direct an investigation to be made of the books and vouchers of the liquidator. (Amended, 6 of 1984, s. 144)
205. (1) When the liquidator of a company which is being wound up by the court has realized all the property of the company, or so much thereof as can, in his opinion, be realized 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
208
CAP. 32]
Companies
[1984 Ed.
384 19375 a
Control of Official Receiver over liquidators. 1929 c. 23. s. 196.
Release of liquidators.
1929 c. 23, s. 197.
tenure of office, send to the Official Receiver, an account of his receipts and payments as liquidator and where the Official ReceiverTM is liquidator he shall cause such account to be prepared.
(2) The account shall be in a prescribed form, shall be made in duplicate, and shall be verified by a statutory declaration in the prescribed form.
(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 the Official Receiver 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 and kept by the Official Receiver, and the other copy shall be delivered to the court for filing, and each copy shall be open, upon payment of the prescribed fee, to the inspection of any creditor or any person having an interest. (Amended, 6 of 1984, s. 143)
(5) The liquidator shall cause the account when audited or a summary thereof to be printed, and shall send a printed copy of the account or summary by post to every creditor and contributory:
Provided that the Official Receiver may in any case dispense with compliance with this subsection. (Replaced, 6 of 1984, s. 143)
(6)
204. (1) The Official Receiver shall take cognizance of the conduct of liquidators of companies which are being wound up by the court, and, if a liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by statute, rules, or otherwise with respect to the performance of his duties, or if any complaint is made to the Official Receiver by any creditor or contributory in regard thereto, the Official Receiver shall inquire into the matter, and take such action thereon as he may think expedient.
(2) The Official Receiver may at any time require any liqui- dator of a company which is being wound up by the court to answer any inquiry in relation to any winding up in which he is engaged, and may, if he thinks fit, apply to the court to examine him or any other person on oath concerning the winding up.
(3) The Official Receiver may also direct an investigation to be made of the books and vouchers of the liquidator. (Amended, 6 of 1984, s. 144)
205. (1) When the liquidator of a company which is being wound up by the court has realized all the property of the company, or so much thereof as can, in his opinion, be realized 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
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