Section 494. Matters relating to stay and termination of winding up

(1) On any application under sections 492 and 493, the Court may, before making an order, require the liquidator to furnish a report with respect to any facts or matters which are in his opinion relevant.

(1) On any application under sections 492 and 493, the Court may, before making an order, require the liquidator to furnish a report with respect to any facts or matters which are in his opinion relevant.

(2) The Court may, on making an order under sections 492 and 493 or at any time after making the order, make such other order as it thinks fit in connection with the staying or termination of the winding up.

(2) The Court may, on making an order under sections 492 and 493 or at any time after making the order, make such other order as it thinks fit in connection with the staying or termination of the winding up.

(3) Where the Court has made an order terminating the winding up under section 493, the Court may give such directions as it thinks fit for the resumption of the management and control of the company to elect directors of the company to take office upon the termination of the winding up.

(3) Where the Court has made an order terminating the winding up under section 493, the Court may give such directions as it thinks fit for the resumption of the management and control of the company to elect directors of the company to take office upon the termination of the winding up.

(4) The costs of proceedings before the Court under sections 492 and 493 and the costs incurred in convening a meeting of members of the company in accordance with an order of the Court under section 493, if the Court so directs, forms part of the costs, charges and expenses of the winding up.

(4) The costs of proceedings before the Court under sections 492 and 493 and the costs incurred in convening a meeting of members of the company in accordance with an order of the Court under section 493, if the Court so directs, forms part of the costs, charges and expenses of the winding up.

(5) An office copy of every order made under sections 492 and 493 shall be lodged by the company with the Registrar and the Official Receiver and if the application is made by a creditor or contributory, served to the liquidator within fourteen days from the making of the order.

(5) An office copy of every order made under sections 492 and 493 shall be lodged by the company with the Registrar and the Official Receiver and if the application is made by a creditor or contributory, served to the liquidator within fourteen days from the making of the order.

(6) The company and every officer who contravenes this section commit an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.

(6) The company and every officer who contravenes this section commit an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and in the case of a continuing offence, to a further fine not exceeding five hundred ringgit for each day during which the offence continues after conviction.