Division 1 Provision of security by liquidator
Division 2 Statement of affairs
Division 3 Power of liquidator to compromise debt
Division 4 Payments in and out of Companies Liquidation Account
Division 5 Company’s dealings and transactions with liquidator or committee of inspection
Division 6 Keeping and audit of liquidator’s books and accounts
Division 7 Investment of assets of company and realisation of investment
Division 8 Unclaimed or undistributed assets and outstanding assets of defunct company
Division 9 Duties of liquidator upon resignation or release
| Division 6 — Keeping and audit of liquidator’s books and accounts |
| Record Book |
| Cash Book |
41.—(1) The liquidator must keep a book (whether in physical or electronic form) to be called the Cash Book, in which the liquidator must enter from day to day the receipts and payments made by the liquidator.
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| Audit of Cash Book |
42.—(1) The committee of inspection (if any) must audit the liquidator’s Cash Book at least once every 6 months, and must certify in Form CWU‑9 the date on which the Cash Book was audited.
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| Liquidator’s account and statement under section 192 of Act |
43.—(1) For the purposes of section 192(1) of the Act, the account of the liquidator’s receipts and payments and statement of the position in the winding up must be in accordance with Form CWU‑10.
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| Liquidator carrying on business |
44. Where the liquidator carries on the business of the company, the liquidator must —
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| Liquidator’s trading account |
45.—(1) The liquidator must from time to time as required by the committee of inspection (if any) or the creditors —
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| Expenses of sales |
| 46. Where the liquidator sells any property forming part of a company’s assets through an auctioneer or other agent, the gross proceeds of the sale must be paid over by the auctioneer or agent to the liquidator, and the charges and expenses connected with the sale must afterwards be paid to the auctioneer or agent. |