Rule 4.172 Committee's functions vested in Secretary of StateI1

At any time when the functions of the liquidation committee are vested in the Secretary of State under section 141(4) or (5), requirements of the Act or the Rules about notices to be given, or reports to be made, to the committee by the liquidator do not apply, otherwise than as enabling the committee to require a report as to any matter.

Where the committee's functions are so vested under section 141(5), they may be exercised by the official receiver.