Powers of the Liquidator Without the Sanction of the Court Besides the powers as aforesaid

Powers of the Liquidator Without the Sanction of the Court Besides the powers as aforesaid, the liquidator shall have power:

(i) to do all acts to execute, in the name and on behalf of the company, all deeds,

receipts, and other documents, and for that purpose to use, when necessary,

the company’s seal;

(ii) to inspect the records and returns of the company on the files of the Registrar

without payment of any fee;

(iii) to prove, rank and claim in the insolvency of any contributory, for any balance against his estate, and to receive dividends in the insolvency, in respect of that balance, as a separate debt due from the insolvent, and rateably with the other separate creditors;

(iv) to draw, accept, make and endorse any bill of exchange, hundi or promissory note in the name and on behalf of the company, with the same effect with respect to the liability of the company as if the bill, hundi or note had been drawn, accepted, made or endorsed by or on behalf of the company in the course of its business;

(v) to take out, in his official name, letters of administration to any deceased contributory, and to do in his official name any other act necessary for obtaining payment of any money due from a contributory or his estate which cannot be conveniently done in the name of the company, and in all such cases money due shall, for the purpose of enabling the liquidator to take out the letters of administration or recover the money, be deemed to be due to the

‘liquidator himself;

(vi) to appoint an agent to do any business which the liquidator is unable to do

himself.