Companies Act (Cap. 386)

Companies Act (Cap. 386), article 292

Official PDF on legislation.mt

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.

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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.