Except in the case of a members' voluntary winding-up, a liquidator shall, as soon as practicable and, except 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 members of the corporation concerned a report as to the following matters:
| (a) |
The estimated amounts of the corporation's assets and liabilities; |
| (b) |
if the corporation has failed, the causes of the failure; |
| (c) |
whether or not he has submitted or intends to submit to the Master a report under section 400(2) of the Companies Act, as applied by section 66 of this Act; |
| (d) |
whether or not any member or former member appears to be liable— |
| (i) |
to the corporation on the ground of breach of trust or negligence; |
| (iii) |
to either a creditor of the corporation or the corporation itself, as the case may be, by virtue of any provision of Part VIII of this Act; |
| (e) |
any legal proceedings by or against the corporation which may have been pending at the date of the commencement of the winding-up, or which may have been or may be instituted; |
| (f) |
whether or not further enquiry is in his opinion desirable in regard to any matter relating to the formation or failure of the corporation or the conduct of its business; |
| (g) |
whether or not the corporation has kept the accounting records required by section 56 and, if not, in what respects the requirements of that section have not been complied with; |
| (h) |
the progress and prospects in respect of the winding-up; and |
| (i) |
any other matter which he may consider fit, or in connection with which he may require the directions of the creditors. |
Stamp Duties Act, 1968 (Act 77 of 1968)
