244. Compulsory Winding up

(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.