Committee of inspection not to make profit
39.—(1)  Except with the sanction of the Court, a member of the committee of inspection of a company is not, directly or indirectly, entitled to —
(a)derive any profit from any transaction arising out of the winding up of the company; or
(b)receive out of the company’s assets any payment for —
(i)any service rendered by the member in connection with the administration of the company’s assets; or
(ii)any goods supplied by the member to the liquidator for or on account of the company.
(2)  If it appears to the Official Receiver or to any meeting of the creditors or contributories that any profit has been derived or payment has been received by a member of the committee of inspection contrary to this regulation, the Official Receiver, creditors or contributories (as the case may be) may disallow the payment or recover the profit.