Chapter: 32 COMPANIES ORDINANCE
Section Num: 290D Version Date 11/11/1999
Effect of Government disclaimer under section 290C
(1) Where notice of disclaimer is executed under section 290C as respects any property, that property is deemed not to have vested in the Government under section 292. (Amended 23 of 1999 s. 3; 30 of 1999 s. 20)
(2) A disclaimer under section 290C-
(a) operates so as to determine, as from the date of the disclaimer, the rights, interests and liabilities of the company in or in respect of the property disclaimed; but
(b) does not, except so far as is necessary for the purpose of releasing the company from any liability, affect the rights, interests or liabilities of any other person.
(Added 10 of 1993 s. 3)