Companies Act (Cap. 386), article 305

305. (1) A person shall not be qualified to act as liquidator unless he is an advocate or is an individual who is a certified public accountant, or is registered with the Registrar as fit and prop er to exercise the function of liquidator. (2) A person who is qualified to act as liquidator in virtue of 186 CAP. 386.] COMP ANIES sub-article (1), may not act as li quidator if he has held the o ffice of director or company secretary or has held any other appointment with or in connection with that company, at any time during the four years prior to the date of dissolution of the company as determined in accord ance with the provi sions of this Act. For the purposes of this sub-article, director includes a person in accordance with whose directions or instructions the directors of the company are or have been accustomed to act. Prohibition of certain transfers by liquidators. Amended by: L.N. 425 of 2007; XVIII.2025.34.