Chapter: 32 COMPANIES ORDINANCE
Section Num: 238 Version Date 30/06/1997
Duty of liquidator to call general meeting at end of each year
(1) Subject to section 239A, in the event of the winding up continuing for more than 1 year, the liquidator shall summon a general meeting of the company at the end of the first year from the commencement of the winding up, and of each succeeding year, or at the first convenient date within 3 months from the end of the year or such longer period as the Official Receiver may allow, and shall lay before the meeting an account of his acts and dealings and of the conduct of the winding up during the preceding year.
(2) If the liquidator fails to comply with this section, he shall be liable to a fine. (Amended 22 of 1950 Schedule; 7 of 1990 s. 2)
(Amended 6 of 1984 s. 167)
[cf. 1929 c. 23 s. 235 U.K.]