Cap. 168 Art. 159Dutiesofliquidator when affairs have been completely wound up.

(1) As soon as the affairs of the company are wound up the liquidator shall make an account of the winding up and of his receipts and payments and shall draw up a scheme of distribution indicating the amount due in respect of each share from the assets of the company.

(2) The liquidator shall cause the accounts to be audited by one or more auditors appointed by the company in general meeting, and shall, as soon as the account is audited, call a general meeting of the company for the purpose of laying before it the account, the scheme of distribution and the auditors’ report and giving any explanation thereof.

(3) Within one week after the meeting the liquidator shall send to the Registrar for registration a copy of the account and of the scheme of distribution signed by him, together with the auditor’s report and shall make a return to him of the holding of the meeting and of its date: Provided that, if a quorum is not present at the meeting, the liquidator shall, in lieu of the return hereinbefore mentioned, make a return that the meeting was duly summoned and that no quorum was present thereat.

(4) If the liquidator fails to comply with the requirements of sub-article (3), he shall be liable to a penalty not exceeding eleven euro and sixty-five cents (11.65) for every day during which the default continues.