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
| 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. |