Article 97 - Fraud in anticipation of winding up

When a Company is ordered to be wound up by the QFC Court, or passes a Resolution For Voluntary Winding Up, Article 105 shall apply in respect of any person, being a past or present officer of the Company, who, within the 12 months immediately preceding the commencement of the winding up, has:

(1) concealed any part of the Company's property to the value of US$200.00 or more; or concealed any debt due to or from the Company;
(2) fraudulently removed any part of the Company's property to the value of US$200.00 or more;
(3) concealed, destroyed, mutilated or falsified any book or paper affecting or relating to the Company's property or affairs;
(4) made any false entry in any book or paper affecting or relating to the Company's property or affairs;
(5) fraudulently parted with, altered or made any omission in any document affecting or relating to the Company's property or affairs;
(6) pawned, pledged or disposed of any property of the Company which has been obtained on credit and has not been paid for (unless the pawning, pledging or disposal was in the ordinary course of the Company's business); or
in each case with the intention of defrauding the creditors of the Company or concealing the state of the Company from any person.