Section 256 — Companies Act 1993: Duties in relation to accounts

256 Duties in relation to accounts (1) Subject to subsection (2) of this section, the liquidator of a company must— (a) Keep accounts and records of the liquidation and permit those accounts and records, and the accounts and records in the company, to be inspected by— (i) Any liquidation committee appointed under section 314 of this Act, unless the liquidator believes on reasonable grounds that inspection would be prejudicial to the liquidation; and (ii) If the Court so orders, a creditor or shareholder; and (b) Retain the accounts and records of the liquidation and of the company for not less than 1 year after completion of the liquidation. (2) The Registrar may, whether before or after the completion of the liquidation,— (a) Authorise the disposal of any accounts and records; and (b) Require any accounts or records to be retained for longer than 1 year after the completion of the liquidation. Subsection (2)(b) was amended, as from 3 June 1998, by section 11 Companies Amendment Act 1998 (1998 No 31) by inserting the word “ any ” .