When a company is being wound up, the directors and corporate secretaries have to assist the liquidator with his administration and investigations into the affairs of the company (if any). Their key responsibilities are as follows:

(a) Submit a Statement of Affairs, detailing the company's assets, liabilities, and financial status.
(b) Hand over all company's books, records, documents, and physical assets to the liquidator.
(c) Cease acting and transacting on behalf of the company, such as collecting money owed to the company, or paying out money to those the company owes.
(d) Refrain from using or disposing of any of the company's property or assets.