Appeals against notices under this Part
41. (1)
Where the Commission issues a notice under section 36,
37, 38, 39 or 40, any person on whom such notice is served may,
within the period specified in section 20(3), appeal to the Board
under section 18.
(2) An appeal referred to in subsection (1) shall not affect
the coming into force of any notice to which the appeal relates.
(3) A notice referred to in subsection (1) shall state that an
appeal may be made to the Board against the notice by any person on
whom the notice is served, and specify the period within which such
an appeal may be made.
Winding-up orders
42. (1) The Commission may, subject to subsection (2), present
a petition for the winding up, in accordance with the Companies
Ordinance (Cap. 32), of a registered person, being a company which
may be wound up by the High Court under that Ordinance, on the ground
that
(a) the registered person is unable to pay its debts within the
meaning of sections 177 and 178 or section 327 of that
Ordinance; or
(b) it is just and equitable that the registered person should
be wound up.