Division 1 Provisions applicable to every voluntary winding up
Division 2 Provisions applicable only to members’ voluntary winding up
Division 1 Company’s dealings and transactions with liquidator or committee of inspection
Division 2 Keeping of liquidator’s books and accounts
Division 3 Duties of liquidator upon resignation or release
| Restriction on purchase of goods by liquidator |
| 48. Where the liquidator carries on the business of the company, the liquidator must not, except with the sanction of the Court, enter into a transaction to purchase any goods from any person for the carrying on of that business, if the liquidator would obtain any portion of the profit (if any) received by that person from the transaction. |