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(1)The Secretary of State shall take cognizance of the conduct of liquidators of companies which are being wound up by the court in England and Wales; and—
(a)if a liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by statute, rules or otherwise with respect to the performance of his duties, or
(b)if any complaint is made to the Secretary of State by any creditor or contributory in regard thereto,
the Secretary of State shall inquire into the matter, and take such action on it as he thinks expedient
(2)The Secretary of State may at any time require the liquidator to answer any inquiry in relation to a winding up in which he is engaged and may, if the Secretary of State thinks fit, apply to the court to examine him or any other person on oath concerning the winding up.
(3)The Secretary of State may also direct a local investigation to be made of the liquidator's books and vouchers.
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