Section 318: Liquidation of company removed from register

318. Liquidation of company removed from register (1) Notwithstanding the fact that a company has been removed from the register of companies, the Court may appoint a liquidator under section 223 of the Companies Act 1984 as if the company continued in existence. (2) Where a liquidator is appointed under subsection (1)— (a) Part XI of the Companies Act 1984 shall apply to the liquidation with such modifications as may be necessary; and (b) section 322 shall apply, with such modifications as may be necessary, to any property of the company which is vested under section 315 as if the company had been restored to the register of companies. [S. 318 amended by s. 9 (k) of Act 18 of 2016 w.e.f. 7 September 2016.] C35 – 189 [Issue 10] Companies Act