Section 478. Appointment of other person as liquidator other than Official Receiver

(1) Where a person other than the Official Receiver is an appointed interim liquidator or liquidator in a winding up of a company by the Court, that person—

(a) shall not act as such until he has given—

(i) written notice of his appointment to the Registrar and the Official Receiver; and

(ii) security in the prescribed manner to the satisfaction of the Official Receiver; and

(b) shall give the Official Receiver such information and such access to and facilities for inspecting the books of the company, and any assistance as may be required for enabling that officer to perform his duties under this Act.

(2) If two or more liquidators are appointed by the Court, unless the Court expressly provides otherwise—

(a) the functions or the powers of the liquidators may be performed or exercised by any one of them or by both or all of them jointly; and

(b) a reference to the liquidator shall be a reference to any one of the liquidators.

(3) Subject to this Act, the act of a liquidator shall be valid notwithstanding any defects that may afterwards be discovered in his appointment or qualification.