Article 97A - Misconduct in the course 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:

(1) does not to the best of his knowledge and belief fully and truly disclose to the Liquidator all of the Company's property, and how and to whom and for what consideration and when the Company disposed of any part of that property (except such part as has been disposed of in the ordinary course of the Company's business); or
(2) does not deliver up to the Liquidator (or as he directs) all such part of the Company's property as is in his custody or under his control, and which he is required by law to deliver up; or
(3) does not deliver up to the Liquidator (or as he directs) all books and papers in his custody or under his control belonging to the Company; or
(4) knowing or believing that a false debt has been proved by any person in the winding up, fails to inform the Liquidator as soon as practicable; or
(5) attempts during the winding up to account for any part of the Company's property by fictitious losses or expenses or at any meetings of the Company's creditors within the 12 months preceding the winding up.