Insolvency Act · s 135

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s 135Delegation of powers to liquidator

(1)

Provision may be made by rules for enabling or requiring all or any of the powers and duties conferred and imposed on the Court in respect of the following matters —

(a)

the holding and conducting of meetings to ascertain the wishes of creditors and contributories;

(b)

the settling of lists of contributories and the rectifying of the register of members where required, and the collection and application of the assets;

(c)

the payment, delivery, conveyance, surrender or transfer of money, property, books and papers to the liquidator;

(d)

the making of calls;

(e)

the fixing of a time within which debts and claims must be proved, to be exercised or performed by the liquidator as an officer of the Court, and subject to the Court’s control.

(2)

The liquidator shall not, without the special leave of the Court, rectify the register of members, and shall not make any call without that special leave or the sanction of the liquidation committee.