Singapore legislation
Section 188
Section 188
Books to be kept by liquidator, control of Court over liquidators, and delivery of property to liquidator
(1)
Every liquidator must keep proper books in which the liquidator must cause to be made entries or minutes of proceedings at meetings and of such other matters as are prescribed, and any creditor or contributory may, subject to the control of the Court, personally or by his or her agent inspect the books.
(2)
The Court must take cognizance of the conduct of liquidators, and if a liquidator does not faithfully perform the liquidator’s duties and observe the prescribed requirements or the requirements of the Court, or if any complaint is made to the Court by any creditor or contributory or by the Official Receiver in regard to the performance of the liquidator’s duties, the Court must inquire into the matter and take such action as the Court thinks fit.
(3)
The Registrar of Companies or the Official Receiver may report to the Court any matter which in his or her opinion is a misfeasance, neglect or omission on the part of the liquidator, and the Court may order the liquidator to make good any loss which the estate of the company has sustained by the misfeasance, neglect or omission and make such other order as the Court thinks fit.
(4)
The Court may —
at any time require any liquidator to answer any inquiry in relation to the winding up;
examine the liquidator or any other person on oath concerning the winding up; and
direct an investigation to be made of the books and vouchers of the liquidator.
(5)
The Court may require any contributory, trustee, receiver, banker, agent or officer of the company to pay, deliver, convey, surrender or transfer to the liquidator or provisional liquidator, immediately or within such time as the Court directs, any money, property, books and papers in the hands of the contributory, trustee, receiver, banker, agent or officer to which the company is prima facie entitled.