Information as to pending liquidations

(1) If, where a company is being wound-up, the winding- up is not concluded within one year after its commencement, the liquidator shall, at such intervals as may be prescribed, until the winding-up is concluded, send to the Registrar a statement in the prescribed form and containing the prescribed particulars with respect to the proceedings in and position of the liquidation. (2) Any person stating himself in writing to be a creditor or contributory of the company shall be entitled, by himself or by his agent, at all reasonable times, on payment of the prescribed fee, to inspect the statement, and to receive a copy thereof or extract therefrom, but any person untruthfully so stating himself to be a creditor or contributory shall be guilty of a contempt of court, and shall be punishable accordingly on the application of the liquidator or of the Official Receiver. 149 (3) If a liquidator fails to comply with the requirements of this section, he shall be liable to a fine not exceeding two hundred and fifty dollars for each day during which the default continues. (4) If it appears from any such statement or otherwise, that a liquidator has in his hands or under his control any money representing unclaimed or undistributed assets of the company which have remained unclaimed or undistributed for six months after the date of their receipt, the liquidator shall forthwith pay the same to the Companies Liquidation Account, and shall be entitled to the prescribed certificate of receipt for the money so paid, and that certificate shall be an effectual discharge to him in respect thereof. (5) For the purpose of ascertaining and getting in any money payable into the Companies Liquidation Account in pursuance of this section, the like powers may be exercised, and by the like authority, as are exercisable under the Bankruptcy Act for the purpose of ascertaining and getting in the sums, funds and dividends referred to in that Act. CAP. 244. (6) Any person claiming to be entitled to any money paid into the Companies Liquidation Account in pursuance of this section may apply to the Official Receiver for payment of it, and the Official Receiver may, on a certificate by the liquidator that the person claiming is entitled, make an order for the payment to that person of the sum due. (7) Any person dissatisfied with the decision of the Official Receiver in respect of any claim made in pursuance of this section may appeal to the court.