322A. Outstanding assets of company wound up on grounds of national security or interest

Question 1

322A. Outstanding assets of company wound up on grounds of national security or interest

Answer 1

General overview
[322A.01] Section 322A provides that where a company is wound up on the ground that it is being used for purposes contrary to national security or interest, the court may, on the application of the Minister, order that any surplus after the winding up be paid into the Consolidated Fund.