Section 68
Unclaimed money to be paid to Registrar
ActIn forceProvision 68 of 92
Section 68
(1)
If, on the completion of the winding up of a registered scheme, the management company or person appointed under section 67 has in their possession or under their control any unclaimed or undistributed money or other property that was part of the property of the scheme, the management company or the person shall, as soon as practicable, surrender the money or transfer the property to the
Registrar.
(2)
The provisions under Subdivision 2 of Division 4 of Part IV of the Companies Act 2016 shall be applicable in dealing with the money or property so vested with the Registrar with the necessary modifications and adaptations.