Hong Kong Ordinances

OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE - SECT 48

Application for winding up of Hong Kong domiciled schemes

(1) Where the Registrar cancels the registration of a Hong Kong 
domiciled scheme, the Registrar, the relevant employer of the scheme or any
member of the scheme may apply to the court to exercise its power under this
section.

(2) Upon an application made under subsection (1) the court may, if it
considers it just and equitable to do so-

   (a)  order the scheme to be wound up in accordance with a proposal
        submitted by the applicant;

   (b)  order the scheme to be wound up in accordance with a proposal so
        submitted but modified in a manner specified by the court; or

   (c)  order the scheme to be wound up by the court.

(3) Where the court makes an order under subsection (2), the provisions of
Part VII shall apply. (Enacted 1992)