Companies Act (Cap. 386), article 300A

300A. (1) Where in the course of the winding up of a company the liquidator has not taken into account any asset of the comp any, and the name of the company has been struck off the register, a ny interested person may, by an application, request the Court to order the rectification of the scheme of distribution, and the Court may, where it considers it appropriate , order such rectification und er those terms and conditions it may deem fit. (2) Where a company has made a distribution to its shareholders pursuant to a scheme of distribution and the name of such company has been struck off the register, any creditor who se claim against the company has not been satisfied may, by an application, claim what is due to him from the shareholders of the company pro rata to the amount received by the shareholders upon the distribution, and the Court may, where it considers it appropriate, order that payments be made by the shareholders to such creditor under those terms and conditions it may deem fit: Provided that in no case shall a shareholder be required to contribute an amount exceeding that received by him upon distribution. (3) No application may be made under this article after the expiration of five years from the date on which the name of the company has been struck off the register. Restoration of company name on register. Added by: IV . 2003.117.