Companies Act (Cap. 386), article 272

272. (1) If the liquidator is, at an y time after a declaration is made in accordance with article 268, of opinion that the compan y will not be able to pay its debts within the period stated in t he said declaration, he shall forthwith summon a meeting of the credito rs, and shall lay before the meeti ng a statement of the assets and liabilities of the company and the provisions of article 276 sh all apply. (2) If the liquidator fails to comply with the provisions of thi s article, he shall be l iable to a penalty. Liquidator to hold general meeting where winding up continues for more than twelve months.