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60. General Functions of Liquidator in winding up by Court

LEGAL ENTITIES LEGISLATION

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COMPANIES REGULATIONS

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LIMITED PARTNERSHIP REGULATIONS

LIMITED LIABILITY PARTNERSHIP REGULATIONS

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FOUNDATIONS REGULATIONS

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INSOLVENCY REGULATIONS

PART 1: GENERAL

PART 2: COMPANY VOLUNTARY ARRANGEMENTS

PART 3: RECEIVERSHIP

PART 4: WINDING UP

CHAPTER 1–GENERAL

CHAPTER 2–VOLUNTARY WINDING UP

CHAPTER 3–CREDITORS VOLUNTARY WINDING UP

CHAPTER 4–PROVISIONS APPLYING TO BOTH KINDS OF VOLUNTARY WINDING UP

CHAPTER 5–COMPULSORY WINDING UP

49. Circumstances in which Company may be wound up by Court

50. Definition of Unable to Pay its Debts

51. Application for winding up

52. Petition for winding up on grounds of interests of AIFC

53. Voiding of property dispositions

54. Voiding of attachments

55. Consequences of winding up order

56. Procedures and Functions of Liquidator appointed by Court

57. Choice of Liquidator by Court or meetings of creditors and contributories

58. Appointment of Provisional Liquidator

59. Appointment of liquidation committee

60. General Functions of Liquidator in winding up by Court

61. Vesting of Company property in Liquidator

62. Power to stay winding up

63. Power to exclude creditors not proving in time

64. Payment of expenses of winding up

CHAPTER 6–OTHER WINDING UP PROVISIONS

PART 5: PROTECTION OF ASSETS IN LIQUIDATION

PART 6: RECOGNISED AND FOREIGN COMPANIES

PART 7: OTHER TYPES OF COMPANY

PART 8: APPLICATION OF THESE REGULATIONS TO LIMITED LIABILITY PARTNERSHIPS

PART 9: INSOLVENCY PRACTITIONERS

PART 10: MISCELLANEOUS

SCHEDULE 1: ADDITIONAL POWERS OF ADMINISTRATIVE RECEIVERS

SCHEDULE 2: POWERS OF LIQUIDATOR IN WINDING UP

SCHEDULE 3: INTERPRETATION

NETTING REGULATIONS

PAYMENT SYSTEM SETTLEMENT FINALITY REGULATIONS

COMMON REPORTING STANDARD REGULATIONS

PERSONAL PROPERTY REGULATIONS

RULES

WAIVERS AND MODIFICATIONS

OTHER

FINANCIAL SERVICES LEGISLATION

POLICIES AND POLICY STATEMENTS

60. General Functions of Liquidator in winding up by Court

The Functions of the Liquidator of a Company that is being wound up by the Court are to ensure that the assets of the Company are got in or otherwise secured, realised and distributed to the Company’s creditors and, if there is a surplus, to the Persons entitled to it.

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60. General Functions of Liquidator in winding up by Court

The Functions of the Liquidator of a Company that is being wound up by the Court are to ensure that the assets of the Company are got in or otherwise secured, realised and distributed to the Company’s creditors and, if there is a surplus, to the Persons entitled to it.