167 Winding up by the court
167 Winding up by the court

[(1)     Where a company is being wound up by the court, the liquidator may exercise any of the powers specified in Parts 1 to 3 of Schedule 4.]

(2)     Where the liquidator (not being the official receiver), in exercise of the powers conferred on him by this Act—

(a)     disposes of any property of the company to a person who is connected with the company (within the meaning of section 249 in Part VII), or

(b)     employs a solicitor to assist him in the carrying out of his functions,

he shall, if there is for the time being a liquidation committee, give notice to the committee of that exercise of his powers.

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