PART 9
RESTRICTIONS ON COMPANY’S DEALINGS
AND TRANSACTIONS WITH LIQUIDATOR
OR COMMITTEE OF INSPECTION
Dealings with assets
47.  The liquidator or a member of the committee of inspection of a company must not, while acting as the liquidator or a member of the committee, directly or indirectly purchase any of the company’s assets, except with the leave of the Court.
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.