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244. Compulsory Winding up

Past version: effective from 20/10/2015 - 19/10/2015
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(1) Where it appears to the Regulator that it is just and equitable in the interests of the Abu Dhabi Global Market that a Company which is or has been —
(a) an Authorised Person or Recognised Body; or
(b) carrying on Regulated Activities in breach of the General Prohibition;
should be wound up, it may apply to the Court for, and the Court may make orders considered necessary and desirable for, the winding up of such Company.