Section 466, The Companies Act, 2009

Where a company is being wound up, and is about to bedissolved, the books and papers of the company and of the liquidators may be disposed of as follows:– (a) in the case of a winding up by, or subject to the supervision of, the court in such way as the court directs; (b) in the case of a members’ voluntary winding up, in such way as the company by special resolution directs; and (c) in the case of a creditors’ voluntary winding up, in such way as the committee of inspection or, if there is no committee, as the creditors of the company, may direct. (2) After 5 years from the dissolution of the company no responsibility shall rest on the company, the liquidators, or any person to whom the custody of the books and papers has been committed, by reason of any book or paper not being forthcoming to any person claiming to be interested in it. (3) The Minister may, by statutory instrument, make rules to prevent, for any period not exceeding five years from the dissolution of the company, the destruction of the books and papers of a company which has been wound up, and for enabling any creditor or contributory of the company to appeal to the court from any direction which may be given in the matter.