59. Duty of liquidator on winding up of company or limited liability partnership

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) is 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.

Where a company is being wound up, the liquidator of the company must not distribute any of the assets of the company to its shareholders unless the liquidator has made provision for the payment in full of any tax which may be found payable by the company.