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SUPREME COURT RULES 1970 - SECT 80.46 Powers of liquidator (s 389)

SUPREME COURT RULES 1970 - SECT 80.46

Powers of liquidator (s 389)

80.46 Powers of liquidator (s 389)

Subject to the Code, the rules and the Companies Regulations, the powers and duties conferred or imposed on the Court by Part XII of the Code in respect of--

(a) the holding and conducting of meetings to ascertain the wishes of creditors and contributors,
(b) the paying, delivering, conveyance, surrender or transfer of money, property or books to the liquidator,
(c) the making of calls and the adjusting of the rights of contributories among themselves and the distribution of any surplus among the persons entitled to it, and
(d) the fixing of a time within which debts and claims must be proved,
may be exercised and shall be performed by the liquidator as an officer of the Court and subject to the control of the Court.