Hong Kong Regulations

COMPANIES (WINDING-UP) RULES - RULE 43

Expenses of statement of affairs

(Past version on 30/06/1997).

A person who is required to make or concur in making any statement of affairs
of a company shall, before incurring any costs or expenses in and about the
preparation and making of the statement, apply to the provisional liquidator
or liquidator for his sanction, and submit a statement of the estimated costs
and expenses which it is intended to incur; and, except by order of the court,
no person shall be allowed out of the assets of the company any costs or
expenses which have not before being incurred been sanctioned by the
provisional liquidator or liquidator.

(46 of 2000 s. 40) [cf. R. 54]