Section 480. Control of approved liquidator by Official Receiver

(1) Where a person other than the Official Receiver is the liquidator in a winding up of a company by Court, the Official Receiver shall take cognizance of his conduct and—

(a) if the liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by any written law or otherwise with respect to the performance of his duties; or

(b) if any complaint is made to the Official Receiver by any creditor or contributory in regard to performance of his duties,

the Official Receiver shall inquire into the matter, and take such action thereon as he may think expedient.

(2) In addition to subsection (1) the Official Receiver may, at any time—

(a) require the liquidator to answer any inquiry and provide any information or documents in relation to any winding up in which he is engaged and may apply to the Court to examine him or any other person on oath concerning the winding up of the company; or

(b) direct a local investigation to be made of the books and vouchers of the liquidator.

Last updated