33. Winding up
Feedback & supportThe persons who may petition under the Companies Act (Cap. 50) for the winding up of the affairs of a registered insurance broker or for the continuance of the winding up of the affairs of a registered insurance broker subject to the supervision of the court shall include the Authority.
registered insurance broker
“registered insurance broker” means a person who is for the time being registered under Part III;
The Authority may, in accordance with the provisions of the Companies Act, present a petition for the winding up of a registered insurance broker if the registered insurance broker has contravened or failed to comply with any provision of this Act.
The Authority shall be a party to any proceedings under the Companies Act relating to the winding up of the affairs of a registered insurance broker.
The liquidator in such a winding up shall give such information as the Authority may, from time to time, require about the affairs of the registered insurance broker.