Section 65B
Liquidator of company to give notice of winding-up, and set aside duty
Where an effective resolution is passed or an order is made for the winding-up of a company which is licensed under this Part, the liquidator of the company shall give notice thereof to the Director
General within fourteen days thereafter, and shall before disposing of any of the assets of the company set aside such sum out of the assets as appears to the Director General to be sufficient to provide for any customs duty that is or will thereafter become payable in respect of the company, and shall thereafter pay such customs duty.
(2)
A liquidator of any such company who fails to give notice to the
Director General within the time specified in subsection (1) or fails to provide for payment of the customs duty as required by that subsection shall be personally liable for any customs duty that is or become payable as aforesaid.
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(2A)
Any liquidator who fails to comply with subsection (1) or (2B)
shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding *fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
(2B)
A liquidator shall furnish all relevant documents, books and records which are in his possession to the proper officer of customs for the purpose of calculating all duties payable under this Act.
(3)
Where two or more persons are appointed liquidators or are required by law to carry out the winding-up of any such company, subject to a right of contribution between themselves as in cases of contract, the obligations and liabilities attaching to a liquidator under this section shall attach to all such persons jointly and severally.