Companies Act (Cap. 386)
Companies Act (Cap. 386), article 292
292. (1) The liquidator or any member, contributory or
creditor may apply to the court to determine any question arisi ng in
the course of winding up of a company, or to exercise, as respe cts
the enforcement of calls or any other matter, all or any of the
powers which the court might exercise if the company were being
wound up by the court.
(2) The liquidator may apply to the Court to fix a time or times
within which creditors are to prove their debts or claims or to be
excluded from the benefit of any distribution made before those
debts are proved.
(3) The court, if satisfied that the determination of the questi on
or the required exercise of powe r referred to in sub-articles ( 1) and
(2) will be just and beneficial, may accede wholly or partially to the
application on such terms and conditions as it thinks fit or ma y
make such other order on the ap plication as it so determines.
(4) A copy of any order made by virtue of this article staying
the proceedings in the winding up shall forthwith be forwarded by
the Registrar of Courts to the Re gistrar who shall make a minut e of
the order in the register relating to the company.
Costs of voluntary
winding up.
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.