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 8 — Unclaimed or undistributed assets and outstanding assets of defunct company |
| Investments representing unclaimed funds |
| Liquidator to provide information to Official Receiver |
49.—(1) Every person who has acted as liquidator of any company, whether the liquidation has been concluded or not, must provide to the Official Receiver —
|
| Certificate of receipt of payment under section 197(1) of Act |
50. For the purposes of section 197(1) of the Act, the certificate of receipt for the moneys paid to the Official Receiver must be in accordance with Form CWU‑15, and must include the following information:
|
| Demand for payment out of Companies Liquidation Account |
51.—(1) A demand made under section 197(7) of the Act by a person claiming to be the owner of any moneys placed to the credit of the Companies Liquidation Account must —
|
| Application by liquidator for payment out |
52.—(1) A liquidator who needs to make any payment out of moneys that have been placed to the credit of the Companies Liquidation Account under section 197 of the Act, either by way of distribution or in respect of the costs or expenses of the liquidation, must apply to the Official Receiver in the form and manner that the Official Receiver may direct.
|
| Disposal of outstanding interests under section 214 of Act |
53.—(1) Where the Official Receiver intends to sell or otherwise dispose of or deal with an estate (or any part of an estate) or any property or interest in property under section 214(1) of the Act, the Official Receiver must give notice of the intention —
|