Companies Act (Cap. 386)
Companies Act (Cap. 386), article 261
261. The court, at any time before or after making a winding up
order, on proof of probable cause for believing that a contribu tory
is about to leave Malta or otherw ise to abscond or to remove or
conceal any of his property for the purpose of evading payment of
calls or of avoiding examination respecting the affairs of the
company, may cause the contributory to be precluded from leavin g
Malta and his accounting records, documents and movable propert y
to be seized, and the court may further order the contributory’ s
detention and the safekeeping of his accounting records, docume nts
and movable property until such time as the court thinks fit.
Powers of court
cumulative.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.