311 Authority may be heard on winding up application

(1) An application for an order for the compulsory winding up of a company
referred to in subsection (2) shall not be heard unless a copy of the
up application
application is served on the Authority not less than 7 days (or such other
period as the Court may, in its absolute discretion, direct) before the day
of the hearing of the application.

(2) The companies mentioned in subsection (1) are —

(a) a company operating as a mutual fund under the Mutual Fund
and Hedge Fund Act;

(b) a protected cell company; and

(c) companies of any other class or description prescribed by the
Authority for the purposes of this section.

(3) At the hearing of the application the Authority may make representations
to the Court which the Court shall take into account in deciding whether
or not, and in what manner, to exercise its powers under this Part.