Company winding-up property must be surrendered to liquidator on notice; noncompliance allows tribunal application for orders. Any contributory listed as such, trustee, receiver, banker, agent, officer or other employee who holds money, property or books and papers in custody or ... Summary
Company winding-up property must be surrendered to liquidator on notice; noncompliance allows tribunal application for orders.
Any contributory listed as such, trustee, receiver, banker, agent, officer or other employee who holds money, property or books and papers in custody or under control to which the company is or appears to be entitled must, on notice from the Company Liquidator and within the time specified, pay, deliver, convey, surrender or transfer those items to the Company Liquidator; where the person fails to comply the Company Liquidator may apply to the Tribunal for appropriate orders. The notice is in Form WIN 51.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.