Companies Act, 1973 (Act No. 61 of 1973)Chapter XIV: Winding-up of CompaniesDissolution of Companies and other Bodies Corporate422. Disposal of records of dissolved company |
| 1) | When any company has been wound up and is about to be dissolved, the books and papers of the company and of the liquidator may be disposed of- |
| a) | in the case of a winding-up by the Court, in such way as the Master may direct; |
| b) | in the case of a members' voluntary winding-up, in such way as the company by special resolution may direct; |
| c) | in the case of a creditors' voluntary winding-up, in such way as the creditors may direct. |
| 2) | After five years from the dissolution of the company, no responsibility shall rest on the liquidator, or any person to whom the custody of the books and papers has been committed, by reason of the same not being forthcoming to a person claiming to be interested therein. |