Companies Act (Cap. 386), article 40

40. All costs, charges and expenses properly incurred in the winding up, including the remuneration of the liquidator, shall be payable out of the assets of the partnership in priority to all other claims. Penalty.41. If default is made in complying with any of the requirements of article 36 and of article 37(3), every partner or liquidator, as the case may be, w ho is in default, shall be lia ble to a penalty and, for every day during which the default continues, to a further penalty. Powers until provision is made for winding up.