Section 65, The Bankruptcy Act, 2009

(1) Subject to the retention of such sums as may benecessary for the costs of administration or otherwise, the trustee shall, with all promptness declare and distribute dividends among the creditors who have proved their debts. (2) The first dividend, if any, shall be declared and distributed within four months, after the conclusion of the first meeting of creditors, unless the trustee satisfies the court that there is sufficient reason for postponing the declaration to a later date. (3) Subsequent dividends shall, in the absence of sufficient reason to the contrary, be declared and distributed at intervals of not more than six months. (4) Before declaring a dividend, the trustee shall cause notice of his intention to do so to be published in the Gazette and shall also send reasonable notice to each creditor mentioned in the bankrupt’s statement who has not proved his debt. (5) When the trustee has declared a dividend, he shall cause to be published in the Gazette and shall send to each creditor who has proved his debt a notice showing the amount of the dividend and when and how it is payable.