Section 368

Duty of liquidator to call meeting of company and of creditors.: (1) The liquidator shall:

(a)     summon and hold annual general meeting of the company and a meeting of the creditors within a period of sixty days from the close of its financial year in the manner provided under section 132;

(b) lay before the meetings mentioned in clause (a), audited accounts consisting of statement of financial position and the receipt and payment accounts, auditors’ report and the liquidator’s report on the acts, dealings and the conduct of the company’s winding up during the preceding period from the date of winding up; and

(c) forward by post to every contributory a copy of the accounts and the reports, as referred to in clause (b).

(2) A return of convening of each general meeting together with a copy of the notice, accounts and the reports as aforesaid, the list of contributories as on the date of the meeting and the minutes of the meeting shall be filed by the liquidator with the registrar within fifteen days of the date of the meeting.

(3) If the liquidator fails to comply with this section, he shall be liable to a penalty of level 1 on the standard scale.