Final reporting

(1) When all assets of a licensee being wound-up have been distributed or dealt with as required by this Act, the liquidator shall render a report that includes an audited statement of income and expense and sources and uses of funds during the period of liquidation, to the Central Bank. 191 (2) If the Central Bank is satisfied with the report rendered by the liquidator a notice of the winding-up shall be published in the Gazette, and in the case of a local licensee, the Central Bank may inform the Registrar of Companies or the Registrar of International Business Companies who shall immediately strike the name of the local licensee from the Register of Companies under the Companies Act or the Register of International Business Companies under the International Business Companies Act, as applicable, and publish notice thereof in the Gazette. CAP. 250. CAP. 270. (3) Upon publication of the notice referred to in sub-section (2), the liquidator shall be relieved of any further obligation in connection with the licensee that has been wound-up.