Singapore legislation
Clause 44
Clause 44
Repeal and re-enactment of section 59
Section 59 of the principal Act is repealed and the following section substituted therefor:“Duty of liquidator on winding up of company or limited liability partnership59.—
Where a company or a limited liability partnership is being wound up, the liquidator of the company or limited liability partnership, as the case may be, shall be answerable for doing all such acts, matters and things as are required to be done under this Act in relation to the affairs of the company or the limited liability partnership.(2) Where a company is being wound up, the liquidator of the company shall not distribute any of the assets of the company to its shareholders unless he has made provision for the payment in full of any tax which may be found payable by the company.”.