Cap. 386 Art. 229Functions of official receiver in relation to office of liquidator.

(1) The official receiver, by virtue of his office and upon notification by the Court, becomes the liquidator of the company and continues in office until another person becomes liquidator under the provisions of this Title, and shall, upon notification by the Court, be the liquidator during any vacancy.

(2) The official receiver shall, within fourteen days of notification by the court, deliver an authenticated copy of such notification to the Registrar for registration.

(3) At any time when he is the liquidator of the company, the official receiver may summon separate meetings of the company’s creditors and contributories for the purpose of choosing a person to be liquidator of the company in place of the official receiver.

(4) It shall be the duty of the official receiver to summon meetings under sub-article (3) if he is at any time requested to do so by one-fourth in value of the company’s creditors.

(5) Without prejudice to the provisions of sub-articles (3) and (4), the official receiver shall within a period of twelve weeks from the date of the winding up order give notice to the court and to the company’s creditors and contributories of his intentions whether or not to summon the said meetings. The notice shall indicate the right of the creditors arising under sub-article (3).