Published: 2006-09-12
Key Benefits:
AUDITOR OF COMPANY (QUALIFICATION FOR APPOINTMENT) ORDER
(under section 123(1)(a)(ii))
(23rd December, 1982)
ARRANGEMENT OF PARAGRAPHS
PARAGRAPH
1. Citation
2. Qualification for appointment as auditor of company
S.I. 33, 1985.
This Order may be cited as the Auditor of Company (Qualification for Appointment) Order.
2. Qualification for appointment as auditor of company
Any person shall be qualified to be appointed as an auditor of a company if he is a member of a body of accountants established in the Republic of South Africa.
(section 523 and 527(8))
(5th September, 1969)
ARRANGEMENT OF RULES
RULE
1. Citation and application
2. Interpretation
3. Presentation of petition
4. Service of petition
5. Costs
6. Registration of order
7. Application to Master
8. Appointment of liquidator
9. Master's report
10. Notice of order
11. Failure to attend
12. Appointment of shorthand writer
13. Report to court
14. Report of offence
15. Record of examination
16. Misapplication, etc.
17. Application of rules
18. List of contributories
19. Holder of fully paid shares
20. Notice by liquidator
21. Advertisement
22. List open for inspection
23. Settlement of list
24. Application of Companies Act
25. Rules for meetings
26. First meeting
27. Method of convening meeting
28. Validity of proceedings
29. Place of meeting
30. Conduct of meeting
31. Costs of meeting
32. Presiding over meeting
33. Resolutions
34. Minutes
35. Report
36. Vote
37. Liquidator's application
38. Dispute of claim
39. Remuneration of liquidator
40. Carrying on of business by liquidator
41. Purchase by liquidator
42. Resignation of liquidator
43. Objection to liquidation account
44. Address for notice
45. Destruction, etc. of books and papers
46. Moneys collected by agent
47. Formal defects
48. Application by motion
49. Reference to the Master
50. Taxation
S.I. 86, 1969,
S.I. 40, 1970.
These Rules may be cited as the Companies Winding-Up Rules and shall, so far as applicable, apply to all proceedings in every winding-up and judicial management under the Companies Act.
In these Rules, unless the context or subject matter otherwise requires-
"counsel" means an advocate or an attorney;
"the court" means the High Court;
"creditor" includes a corporation and a firm of creditors in partnership;
"Master" means the Master of the High Court.
(1) The presentation of a petition in terms of section 370, or section 471 of the Act, shall be effected by filing the petition at the office of the registrar of the court, accompanied by proof of the lodging with the Master, or the officer designated by him, of a copy of the petition and of every affidavit confirming the facts stated therein, and in the case of a petition in terms of the first-mentioned section by a certificate of the Master, or of a magistrate or of a district officer that security has been found as required by that section.
(2) The setting down of the petition for hearing shall be effected in accordance with the rules and practice of the court.
Every petition shall, unless presented by the company, be served at the registered office, if any, of the company, and if there is no registered office, then at the principal or last known principal place of business of the company, if any such can be found, by leaving a copy with any member, officer or servant of the company there, or in case no such member, officer or servant can be found there, then by leaving a copy at such registered office or principal place of business, or by serving it on such member, officer or servant of the company as the court may direct; and where the company is being wound up voluntarily, the petition shall also be served upon the liquidator (if any), appointed for the purpose of winding up the affairs of the company.
All costs and charges incurred, and all advances made by the Master on account of the company, and all costs and charges incurred by the Master in connection with a company under judicial management, shall, subject to any order of the court, be costs in the winding-up or judicial management, as the case may be.
(1) Every officer receiving a copy of an order transmitted to him in terms of section 377 of the Act shall register the order and note thereon the day and hour when it was received.
(2) The deputy sheriff, if the Master so directs, shall proceed forthwith to attach the movable assets of the company and, in doing so, shall follow as far as may be the procedure laid down by section 19 of the Insolvency Act.
(3) The deputy sheriff shall transmit to the Master without delay an inventory of all property attached by him and known to belong to the company.
(4) Where a liquidator is in office, the Master shall not direct the deputy sheriff to attach the property of the company except, upon the application of the liquidator, or if for some special reason, he thinks fit.
(5) The charges and expenses of the deputy sheriff in effecting the attachment shall be in accordance with the scale of charges and expenses for the time being in force in insolvency and shall be entitled to the like preference as the sheriff's costs under section 83 of the Insolvency Act.
(1) Every person who, under section 378 of the Act, is required to submit and verify a statement as to the affairs of the company, shall apply to the Master for instructions for the preparation of such statement.
(2) It shall be the duty of every such person to attend on the Master either before or after the statement of affairs has been submitted at such times and places as the Master may appoint, and to give the Master all information that he may require.
(3) No such person shall incur any costs or expenses in or about the preparation or making of the statement without first submitting to the Master an estimate of the costs and expenses which it is intended to incur.
(4) Any such costs and expenses incurred without the previous sanctions of the Master may be disallowed by the Master.
As soon as possible after the meetings mentioned in section 382 of the Act (hereinafter called "the first meetings"), all creditors and contributories have been held, the Master shall proceed to appoint a liquidator or liquidators in terms of subsections (2) and (3) of the said section.
(1) The Master's report pursuant to section 379 of the Act may be presented by counsel, or, if the Master thinks fit, may be submitted through the registrar of the court under cover of a letter.
(2) The court may in every case refer the report back to the Master and require that it shall be presented through counsel.
(1) Where the court has made an order under section 401 of the Act directing any person to attend for public examination, notice of the order and of the time and place appointed for the holding of the examination shall be served through a deputy sheriff.
(2) The Master shall give public notice of the time and place appointed for the holding of a public examination by advertisement in the Gazette and such newspapers, if any, as the court may direct.
If any person who has been directed by the court to attend for public examination fails to attend at the time and place appointed for the holding of the same, and no good cause is shown for such failure, and it has been proved to the satisfaction of the court that notice of the order and of the time and place so appointed has been duly given to such person, or if before the day appointed for the examination the court is satisfied that such person has absconded, or that there is reason to believe that he is about to abscond with the intention of avoiding examination, it shall be lawful for the court, without any further notice, to issue a warrant for the arrest of the person required to attend, or to make such other order as the court shall think just.
12. Appointment of shorthand writer
(1) If the court or the person before whom any examination under the Act and these Rules is directed to be held shall in any case, and at any stage of the proceedings, be of the opinion that it would be desirable that a person (other than the person before whom the examination was taken) should be appointed to take down the evidence of any person examined, in shorthand or otherwise, it shall be competent for the court or person before whom the examination is taken to make such appointment.
(2) Every person so appointed shall be paid a sum not exceeding P5 a day, and a sum not exceeding 10 thebe per folio of 90 words for any transcript of the evidence or copy of such transcript that may be required, and such sums shall be part of the costs in the winding-up.
(1) If a person examined before the Master or other person who has no power to commit for contempt of court, refuses to answer to the satisfaction of the Master or such other person any questions which may lawfully be put to him, the Master or such other person shall report such refusal to the court, and upon such report being made the person in default shall be in the same position, and be dealt with in the same manner, as if he had made default in answering before the court.
(2) The report shall be in writing but without affidavit, and shall set forth the question put, and the answer, if any, given by the person examined.
(3) The Master or such other person shall furnish a copy of such report to the person examined.
When in the course of an examination before a commissioner for the purpose of taking evidence under the Act, or in the course of an examination before an officer, it shall appear that any person has been guilty of an offence, the commissioner or such officer, when forwarding to the Master a record of the examination, shall make mention in writing of the facts in evidence which appear to him to constitute such offence, and thereupon the Master shall submit the record to the Attorney-General.
(1) The record of every examination of witnesses under the Act and these Rules shall be filed in the office of the Master and (except for the record of a public examination) shall not be opened to the inspection of any person other than the liquidator or his attorney unless the court shall so direct.
(2) The court may from time to time give general or special directions to the Master as to the custody and inspection of any such record and the furnishing of copies or extracts therefrom.
(3) Any person divulging any information obtained from any such record to any person for whose inspection the record was not open shall be guilty of contempt of court.
Where an order has been made for the public examination of persons named in the order, pursuant to section 401 of the Act, or where an examination takes place before the Master or an officer, and it appears from the examination that the persons examined or some of them have misapplied or retained or become liable or accountable for moneys or property of the company, or been guilty of misfeasance or breach of trust in relation to the company, or any creditor of the company, then in any proceedings subsequently instituted under section 477 of the Act, for the purpose of examining into the conduct of the said persons, or any of them, and compelling repayment or restitution to the company of any moneys or property or contribution by way of compensation to the associates of the company by such person or any of them, the record of the examination of each person who was examined shall, subject as hereinafter mentioned, and to any order or directions of the court, as to the manner and extent in and of each record shall be used, and subject to all just exception to the admissibility in evidence against any particular person or persons of any of the statements contained in the record, be admissible in evidence against any of the persons against whom the application is made, who has or had the opportunity of being present at and taking part in the examination:
Provided that before any such record of an examination shall be used on any such application, the person intending to use the same shall, not less than 15 days before the day appointed for hearing the application, give notice of such intention to each person against whom it is intended to use such record or any part thereof, specifying the part which it is intended to read against him, and furnish him with copies thereof (except the record of the persons under depositions), and provided also that every person against whom the application is made shall be at liberty to cross-examine or re-examine (as the case may be) any person, the record of whose examination is read.
The rules as to lists of contributories and calls as hereinafter set out shall apply only in a winding-up by the court.
(1) The liquidator shall, with all convenient speed, prepare a list in alphabetical order of the contributories of the company and shall set opposite the name of each contributory, his address and the number of shares (with their distinctive numbers) for which he has placed him on the list, and, if a call is to be made, the name of each contributory to be included in the call, the amount of the call to be made upon him, and the number of the shares (with their distinctive numbers) in respect of which it is proposed to make the call.
(2) In the preparation of the list, the liquidator shall observe the requirements of section 391(2) of the Act as regards representative contributories.
(3) He shall further distinguish between contributories who are present members of the company, including present members in a list to be styled the "A" list which shall be prepared forthwith, and past members in a list to be styled the "B" list, which shall be prepared when it is ascertained that there is an unsatisfied debt or liability for which under the Act those past members are liable and that the present members are unable to satisfy the contributions required to be made by them in pursuance of the Act.
19. Holder of fully paid shares
It shall not be necessary to include a holder of fully paid up shares in the list of contributories mentioned in the last preceding rule unless there is or likely to be a surplus for distribution among shareholders.
(1) The liquidator shall forthwith give notice to every person whom he has placed on the list of contributories stating-
(a) (i) in what character, that is whether as a past or present member, and whether in his own right or as the representative of, or as being liable for the debts of, some other person; and
(ii) for what number of shares (with their distinctive numbers) he has been placed on the list;
(b) if he is to be included in a call, the amount of the call to be made upon him, and the number of the shares (with their distinctive numbers) in respect of which it is proposed to make the call upon him;
(c) the date upon which application will be made to the court to settle the list of contributories of call; and
(d) the period during which the lists will be lying open for inspection with the Master and the time within which objection thereto may be lodged with the Master as provided in rule 21.
(2) If the contributory has supplied to the company an address within Botswana for the sending of notices to him (hereinafter referred to as "the registered address"), notice to that address shall be sufficient.
(3) Before giving the said notice, or the notice mentioned in rule 21, the liquidator shall consult the Master in regard to the date of the application to settle the list.
The liquidator shall give notice by advertisement in the Gazette that the list will lie open in the office of the Master for inspection by alleged contributories for a period of 21 days from the date of publication of the notice, or for such longer period as the Master shall have directed; and that during the said period objections to the list may be lodged with the Master in writing, in triplicate, and thereafter the list will be submitted for settlement upon the date mentioned in the notice.
(1) Every list of contributories and calls shall lie open in the office of the Master for inspection of the alleged contributories for a period of 21 days, or for such longer period as the Master shall direct, not being less, if any alleged contributory is resident outside Botswana, than 11 weeks; and during the advertised period objections may be lodged with the Master in writing.
(2) Thereafter, upon the date approved by the Master, the liquidator shall make application to the court for settlement of the list, and the court, upon considering the same, and, upon the report from the Master, and the objections thereto, shall settle the list or direct the liquidator to proceed by way of summons or make such other order as the court shall deem just.
(3) Objections lodged with the Master under this rule shall be lodged in triplicate.
A list of contributories so settled shall be the list of contributories of the company, but without prejudice to any power possessed by the court to re-settle the list as justice may require.
24. Application of Companies Act
The provisions of section 396 of the Act shall apply to a list of calls settled as aforesaid as though a list so settled were an order made by the court on the contributories mentioned therein; and shall be enforceable at the option of the liquidator by writ of execution taken out in the court or in the magistrate's court for the district in which the contributory resides, or partly in one way and partly in the other.
Except where the context otherwise requires, the rules as to meetings hereinafter set out shall apply under Parts XXVI and XXVII of the Act, but shall take effect as to meetings held by direction of the court, subject to any express directions of the court.
The first meetings of creditors and contributories shall be held as soon as may be after the final winding-up order.
27. Method of convening meeting
(1) Meetings of creditors shall be convened-
(a) in winding-up by the court as nearly as may be in the manner provided by the law relating to insolvent estates;
(b) in a voluntary winding-up, whether by members or creditors, by giving at least 10 days' notice of the meeting of the creditors by advertisement once in the Gazette and once at least in two newspapers circulating in the district where the registered office or principal place of business of the company is situate;
(c) in a judicial management in such manner as the court, or, failing the court, the Master, shall direct.
(2) Meetings of contributories shall be convened-
(a) in a winding-up by the court as follows-
(i) the first meeting shall be convened by the Master, other meetings by the liquidator;
(ii) meetings shall be convened upon the same notice as is required by this rule, in the case of meetings of creditors in a winding-up by the court provided that the Master may direct that the same notice is given to contributories as is required by this rule in the case of meetings of contributories in a voluntary winding-up;
(b) in a voluntary winding-up by the liquidator by giving not less than 10 days' notice of the time and place of the meeting by advertisement in the Gazette, and by sending, not less than 10 days' before the day appointed for the meeting, notice of the time and place of the meeting to every person appearing by the company's books or otherwise to be a contributory of the company.
(3) The notice to any such person shall be sent to his registered address, or, failing a registered address, to such other address within Botswana or elsewhere as may be known to the liquidator.
(4) Meetings of a company under judicial management shall be convened in such manner as the court, or, failing the court, the Master, may direct.
Where a meeting of creditors or contributories was summoned by a personal notice, the proceedings and resolutions at the meeting shall, unless the court otherwise orders, be valid notwithstanding that some creditors or contributories may not have received the notice sent to them.
(1) Meetings of creditors, of contributories, and of a company under judicial management, shall be held at such place as is, in the case of a winding-up by the court or judicial management, in the opinion of the Master, or, in the case of a voluntary winding-up, in the opinion of the liquidator, most convenient for the majority of the creditors or contributories or both.
(2) Different times or places or both may, if thought expedient, be named for the meeting of creditors and for the meeting of contributories.
The liquidator may, and if thereto required by creditors having in value one-fourth of the votes of all creditors who have proved their claims, or by contributories holding one-fourth of the voting power of the contributories, or, in the case of a winding-up by the court, if thereto required by the Master, shall, subject to the provisions of rules 31 and 32, from time to time, summon, hold, and conduct general meetings (hereinafter called "liquidator's meetings") of creditors and contributories for the purpose of ascertaining their wishes in all matters relating to the winding-up.
(1) The costs of summoning any meeting of creditors or contributories, at the instance of any person other than the Master or the liquidator, shall be paid by the person at whose instance it is summoned, who shall before the meeting is summoned deposit with the liquidator such sum as may be required by him as security for the payment of such costs.
(2) Where by the Act or these Rules notice of a meeting is required to be sent, whether to creditors or contributories, the costs of summoning the meeting, including all disbursements for printing, stationery, postage, and the hire of rooms, shall be calculated at the following rate for each creditor or contributory to whom notice is required to be sent, namely, 30 thebe per creditor or contributory for the first 20 creditors or contributories, 12 thebe per creditor or contributory for the next 30 creditors or contributories, 10 thebe per creditor or contributory for a number of creditors or contributories after the first 50.
(3) The costs of the meeting shall be repaid out of the assets of the company if the court shall by order, or if the creditors or contributories, whichever is the body affected by the payment, shall by resolution so direct.
(1) Meetings of creditors or contributories in a winding-up by the court shall be presided over by the Master, a magistrate, a District Commissioner or an officer appointed by the Master in like manner as is provided by section 39 of the Insolvency Act, for the holding of meetings in respect of insolvent estates:
Provided that where meetings of creditors and contributories are not held at the same time or are not held in the same place, the liquidator shall be the chairman of the meetings of contributories.
(2) The chairman of a meeting held by direction of the court shall be such person as the court shall appoint:
Provided that the court may appoint a chairman merely for the purpose of receiving and scrutinizing the powers of attorney and proxies intended for use at the meeting with power to the meeting either to confirm the appointment of such chairman or to elect some other person in his place.
(1) At a meeting of creditors in any winding-up, resolutions shall be put and the votes thereon shall be taken and counted mutatis mutandis in like manner and with the like results as if the meeting were a meeting in respect of an insolvent estate convened for the transaction of similar business.
(2) At a meeting of contributories in any winding-up, a resolution shall be deemed to be passed when a majority in value of contributories present personally or by proxy have voted in favour of the resolution, the value of the contributories being determined according to the number of votes conferred on each contributory by the articles.
(3) It shall be the duty of the provisional liquidator without notice, or, if there is no provisional liquidator, then of the secretary, any director, or other officer of the company, upon receiving 10 days' notice thereof from the Master, to attend at the first meeting with the books of the company, and to give the chairman all information he may require as to the shareholding of each contributory, and as to the votes conferred on each contributory by the articles. Failure to comply with the said notice shall be deemed to be contempt of court.
(1) Minutes shall be kept of the proceedings at every meeting of creditors and contributories, and shall be signed by the presiding officer or chairman.
(2) The original minutes of all meetings in a winding-up by the court or in a voluntary winding-up or in a judicial management shall be filed in the Master's office. Where such meetings are not held before the Master, the minutes shall be transmitted to the Master by the presiding officer or chairman as soon as possible.
(1) The liquidator shall as soon as practicable and, unless with the consent of the Master, not later than three months after the date of his appointment, submit to a general meeting of creditors and contributories a report-
(a) as to the amount of capital issued, subscribed and paid up and the estimated amount of assets and liabilities;
(b) if the company has failed, as to the causes of the failure;
(c) whether in his opinion further enquiry is desirable as to any matter relating to the promotion, formation or failure of the company, or the conduct of its business;
(d) whether the company has kept the books and accounts required by the Act, and, if not, in what respect such requirement has not been complied with;
(e) as to the progress and prospects of the liquidation; and
(f) as to any other matter which he may think fit or in regard to which he may desire the directions of the creditors or the contributories.
(2) The report of the liquidator shall be annexed to the minutes of the meeting at which it is presented; and the liquidator shall lodge with the report two copies thereof.
(1) At any meeting of creditors or contributories, a creditor or contributory may vote either personally or by an agent specially authorized thereto or acting under a general power of attorney.
(2) A power of attorney or proxy intended to be used at any meeting of contributories shall be lodged with the presiding officer or chairman not later than 24 hours before the advertised time of the meeting at which it is to be used, and, in default thereof, shall be deemed to be invalid for the purpose of voting at the meeting.
(1) A liquidator's application to court for directions under section 385 of the Act or for leave to exercise any of the powers mentioned in section 384(5) of the Act, may be made by petition ex parte.
(2) In his petition, in addition to other relevant matters, he shall state the steps, if any, taken by him to ascertain the wishes of creditors and contributories in regard to the matter of his application; and if the matter has been submitted to a meeting of creditors or contributories, he shall attach to his petition a copy of the minutes of the proceedings thereat or so much thereof as shall be relevant to the application.
(3) Applications for leave to do any act or to exercise any power conferred on him under section 384(7) of the Act shall not be made to the court.
(4) The registrar of the court shall forward every such application to the Master for his report before setting down the same for hearing.
(1) A liquidator, who under the provisions of section 44 of the Insolvency Act, as applied by section 432 of the Act, shall report to the Master his reasons for disputing a claim, shall at the same time-
(a) forward to the creditor a copy of his reasons as submitted to the Master, and give notice to the creditor that he is to show cause to the Master within 14 days, or within such longer period as upon application to him the Master may allow, why his claim shall not be expunged or reduced; and
(b) certify to the Master that he has done so.
(2) If the creditor disputes the liquidator's contentions, he shall show cause to the Master in writing and, at the same time, shall forward to the liquidator copies of any documents submitted by him to the Master; and thereupon the liquidator shall submit his remarks in writing to the Master.
39. Remuneration of liquidator
Except as provided by the Act or these Rules, a liquidator shall not under any circumstances ever make any arrangement for, or accept from any attorney, auctioneer, or any other person, whether connected with the company of which he is liquidator or not, or from any person who is employed in or in connection with the winding-up of the company, any gift, remuneration or pecuniary or other consideration or benefit whatever in connection with the liquidation of the company beyond the remuneration to which under the Act he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up, any part of such remuneration to any such attorney, auctioneer, or other person.
40. Carrying on of business by liquidator
Where the liquidator carries on the business of the company he shall not, without the express sanction of the court, purchase goods for the carrying on of such business from any person whose connection with the liquidator is of such a nature as would result in the liquidator obtaining any portion of the profit (if any) arising out of the transaction.
(1) Except by leave of the court, neither the liquidator, while acting as liquidator, either directly or indirectly, by himself or any partner, clerk, agent or servant, nor the wife of the liquidator, shall become purchaser of any part of the company's assets.
(2) Any purchase made contrary to the provisions of this rule may be set aside by the court on the application of the Master or any creditor or contributory, and the court may make such order as to costs as the court thinks fit.
(1) A liquidator in a winding-up by the court desiring to resign shall, when applying to the Master to be relieved of his office, account to the Master for his administration as nearly as may be up to the date of his intended resignation and shall, if the Master so require, summon separate meetings of the creditors or contributories of the company to decide whether they do or do not oppose the acceptance of his resignation.
(2) If a vacancy occurs by death, resignation or otherwise in the office of liquidator appointed by the creditors in a creditors' voluntary winding-up, the Master shall convene a meeting of creditors for the purpose of filling the vacancy.
43. Objection to liquidation account
(1) Any person objecting under section 453 of the Act to the confirmation of an account shall, when laying before the Master his objection in writing, at the same time forward to the liquidator a copy thereof, and, if not already in the liquidator's possession, copies of any documents submitted to the Master in support of the objection.
(2) Thereupon the liquidator shall submit to the Master his remarks in writing in duplicate, and the Master may refer them to the person objecting or require, if he thinks it advisable, the attendance of the liquidator or the person objecting.
(3) The person objecting may attend personally or by an agent; the liquidator may attend by agent unless the Master requires his attendance in person.
(1) Whenever, under these Rules, notice is to be sent to a contributory or alleged contributory, it shall be sent to his registered address.
(2) If he has no registered address, notice shall be sent to such other address within Botswana or elsewhere as may be known to the liquidator.
(3) If he has no registered address and no other address known to the liquidator, it shall not be necessary to send him any notice other than that mentioned in rule 20.
(4) Notice to any person may be sent to such address as may be known to the liquidator.
(5) Notice sent to an address recognized by this rule by prepaid registered post shall be sufficient.
(6) An affidavit by the liquidator or his clerk, or the judicial manager or his clerk, that a notice has been duly sent shall be sufficient evidence of the sending of a notice by the liquidator or the judicial manager, as the case may be.
45. Destruction, etc. of books and papers
In a winding-up by the court, the Master may at any time during the progress of the liquidation, on the application of the liquidator, direct that such of the books, papers and documents of the company, or of the liquidator, as are no longer required, may be sold, destroyed or otherwise disposed of.
(1) Where a liquidator employs an agent for any purpose, the gross moneys received on the liquidator's behalf by the agent in the course of such employment shall be paid over by the agent to the liquidator without deduction, and the charges and expenses of such agent shall be paid over to him by the liquidator after submitting the same, if he thinks necessary, to the Master.
(2) The Master shall have power to disallow all charges and expenses which appear to him to be excessive.
(3) The liquidator shall be personally responsible for all payments made by him to an agent without the sanction of the Master, if and insofar as the same are disallowed.
No proceedings under the Act or under these Rules shall be invalidated by any formal defect or irregularity under these Rules unless the court before which objection is made to the proceedings is of opinion that substantial injustice has been caused by the defect or irregularity, and that the injustice cannot be remedied by any order of the court.
Any application made by the Master to the court under the Act or these Rules shall be by motion; any report or statement by the Master may be in writing without affidavit.
Whenever application is made to the court to bring under review any decision, ruling, order, appointment or taxation of the Master, the registrar of the court, before setting down the application, shall refer the same to the Master for his report.
(1) No bill of legal costs or charges arising out of a liquidation under a winding-up by the court, or under a creditors' voluntary winding-up, shall be paid by the liquidator unless the same has been taxed.
(2) All costs which are not the subject of taxation by the taxing officer of the court shall be taxed by the Master according to the tariff framed under section 69(3) of the Insolvency Act.
COMPANIES (SIGNING OF CERTIFICATES) REGULATIONS
(section 528(1))
(12th September, 2006)
ARRANGEMENT OF REGULATIONS
REGULATION
1. Citation
2. Officers who may sign certificates on behalf of Registrar
S.I. 61, 2006.
These Regulations may be cited as the Companies (Signing of Certificates) Regulations.
2. Officers who may sign certificates on behalf of Registrar
(1) The following officers may sign certificates on behalf of the Registrar-
(i) the Chief Commercial Officer; and
(ii) the Principal Commercial Officer I.
(2) Subregulation (1) applies only to certificates which may be lawfully signed by the Registrar.
