(1)
The liquidator may—
(a)
in the case of a members’ voluntary winding-up, with the sanction of special resolution of the company, and, in the case of a creditors’ voluntary winding-up, with the sanction of the court or, the committee of inspection or if there is no such committee, a meeting of the creditors, exercise any of the powers given by section 588 (1) (d), (e) and (f ) of this Act to a liquidator in a winding-up by the Court ;
(b)
without sanction, exercise any of the other powers given by this Act to the liquidator in a winding-up by the Court ;
(c)
exercise the power of the Court under this Act of settling a list of contributories, and the list of contributories shall be prima facie of the liability of the persons named therein to be contributories ;
(d)
exercise the Court’s power of making calls ;
(e)
summon general meetings of the company for the purpose of obtaining the sanction of the company by special resolution or for any other purpose he may think fit.
(2)
The liquidator shall pay the debts of the company and shall adjust the rights of the contributories among themselves.
(3)
Where several liquidators are appointed, any power given by this Act may be exercised by such one or more of them as may be determined by any number not less than two of the liquidators.