(c) every disposition of the property, inclu ding rights of action, of the company and every transfer of shares
or alteration in the status of its members, made after the commencement of the winding up, shall, unless
the court otherwise orders, be void.
214 Transmission of winding-up order to certain officers
(1 ) The registrar of the court shall forthwith transmit a copy of every provisional and final winding-up order
and of every order amending or setting aside the same to the Registrar, Master and Sheriff and—
(a ) in respect of any immovable property within Zimbabwe which appears to be an asset of the company, to
the Registrar of Deeds; and
(b ) in respect of any interest in minerals within Zimbabwe which appears to be an asset of the company, to
the Secretary of the Ministry responsible for mines; and
(c) to the messenger of every magistrates court by the order whereof it appears that property of the company
is under attachment:
Provided that when the assets of the company are under four hundred dollars in value, and the court so orders,
the movable assets may remain in the custody of such person as the court may order upon such terms as to security
as the court may direct and in that case it shall not be necessary to transmit a copy of any order to the Sheriff or
any messenger.
(2 ) Upon receipt by the Registrar of Deeds of a winding-up order he shall enter a caveat against the transfer
of any immovable property or the cancellation or cession of any bond registered in the name of or belonging to the
company.
(3 ) Upon the receipt by the Secretary of the Ministry responsible for mines of a winding-up order he shall
cause a caveat to be entered against the transfer of any interest whatsoever in minerals or the cancellation or
cession of any bond registered in the name of or belonging to the company.
(4 ) Every such public officer concerned shall register every copy of an order transmitted to him and note
thereon the day and hour when it is received.
(5 ) Upon receipt of a copy of any winding-up order the Master shall give notice thereof in the Gazette.
215 Statement of company’s affairs to Master
(1 ) Where the court has made a winding-up order there shall be made and submitted to the Master a statement in duplicate as to the affairs of the company in the prescribed form, if any, showing, as at the date of the
winding-up order or such other convenient date as the Master shall allow, the particulars of its assets, debts and
liabilities, the names, addresses and occupations of its creditors, the securities held by them respectively, the dates
when the securities were respectively given and such further or other information as the Master may require. The
Master shall transmit the duplicate of such statement to the liquidator on his appointment.
(2 ) The statement shall be submitted an d verified by affidavit by one or more of the persons who are at the
relevant date the directors and by the person who is at that date the secretary of the company or by such of the
persons hereinafter in this subsection mentioned as the Master may require to submit and verify the statement, that
is to say, persons—
(a ) who are or have been officers of the company;
(b ) who have taken part in the formation of the company at any time within one year before the relevant
date;
(c) who are in the employment of the company or have been in the employment of the company within the
said year and are in the opinion of the Master capable of giving the information required;
(d ) who are or have been within the said year officers of or in the employment of a company which is, or
within the said year was, an officer of the company to which the statement r elates.
(3 ) The statement shall be submitted within fourteen days from the date of the order or within such extended
time as the Master or the court may for special reasons allow.
(4 ) Any person making or concurring in making the statement and affidavit required by this section shall be
allowed and shall be paid out of the assets of the company such costs and expenses incurred in and about the
preparation and making of the statement and affidavit as the Master may consider reasonable.
(5 ) If any person, without reasonable excuse, makes default in complying with the requirements of this section he shall be guilty of an offence and liable to a default fine not exceeding level two.
(6 ) Any person shall be entitled by himself or by his agent at all reasonable times, on payment of the prescribed fee, to inspect the statement submitted in pursuance of this section and to a copy thereof or extract therefrom.
[Section as amended by Act No. 22 of 2001]
216 Report by Master
Where the court has made a winding-up order the Master may, if he thinks fit, make a report to the court, stating the manner in which the company was formed and whether in his opinion any fraud has been committed by
any person in its promotion or formation or by any director or other officer of the company in relation to the
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