Section 105Part 5 — Company Restructuring and Winding Up
Appointment of official liquidator
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For the purpose of conducting the proceedings in winding up a company and assisting the Court therein, there may be appointed one or more than one person to be called an official liquidator or official liquidators; and the Court may appoint to such office such person as it thinks fit, and if more persons than one are appointed to such office, the Court shall declare whether any act hereby required or authoris ed to be done by the official liquidator is to be done by all or any or more of such persons.
The Court may also determine whether any and what security is to be given by an official liquidator on that person’s appointment; and if no official liquidato r is appointed, or during any vacancy in such office, all the property of the company shall be in the custody of the Court.
The liquidator shall, within twenty - eight days of the date upon which the winding up order is made, summon —
a meeting of th e company ’ s creditors if the order was made on the grounds that the company is insolvent; or
a meeting of the company ’ s contributories if the order was made on grounds other than insolvency, for the purposes of resolving any other matters which the liq uidator puts before the meeting.
The Court may make an order dispensing with the need to summon a meeting under this section or extending the time within which it shall be summoned.