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Rule 167: Expenses of sale · Complied AI

Chapter 37
Rule 167

Rule 167Chapter 37

Expenses of sale

Expenses of sale.- Where property forming part of a company’s assets is sold by the Company Liquidator through an auctioneer or other agent, the gross proceeds of the sale shall, unless, the Tribunal otherwise orders, be paid over to the liquidator by such auctioneer or agent and the charges and expenses connected with the sale shall afterwards be paid to such auctioneer or agent in accordance with the scales, if any, fixed by the Tribunal.

Rule 166 Rule 167 Rule 168