In forceAmended2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up

158. Delegation to liquidator of certain powers of Court

Amended

Last amended by an amending law of 2021.

(1)

Subject to subsection (2), the Rules may provide for all or any of the powers and duties conferred and imposed on the Court by this Part or Part 9 in respect of —

(a)

the holding and conducting of meetings to ascertain the wishes of creditors and contributories;

(b)

the settling of lists of contributories, the rectifying of the register of members where required, and the collecting and applying of the assets;

(c)

the paying, delivery, conveyance, surrender or transfer of money, property, books or papers to the liquidator;

(d)

the making of calls and the adjusting of the rights of contributories; and

(e)

the fixing of a time within which debts and claims must be proved,to be exercised or performed by the liquidator as an officer of the Court and subject to the control of the Court.

(2)

The liquidator —

(a)

must not, without the special permission of the Court, rectify the register of members; and

(b)

must not make any call without either the special permission of the Court or the sanction of the committee of inspection.