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call a general meeting of the company and a meeting of the creditors, for the purpose of laying the account before the meetings, and giving any explanation thereof.
(2) Each such meeting shall be called by advertise- ment in the Gazette, specifying the time, place, and object thereof, and published one month at least before the meeting.
(3) Within three weeks after the date of the meet- ings, or, if the meetings are not held on the same date, after the date of the later meeting, the liquida- tor shall send to the registrar of companies a copy of the account, and shall make a return to him of the holding of the meetings and of their dates, and if the copy is not sent or the return is not made in accord- ance with this subsection the liquidator shall be liable to a fine not exceeding fifty dollars for every day during which the default continues:
Provided that, if a quorum is not present at either such meeting, the liquidator shall, in lieu of the return hereinbefore mentioned, make a return that the meeting was duly summoned and that no quorum was present thereat, and upon such a return being made the provisions of this subsection as to the making of the return shall, in respect of that meeting, be deemed to have been complied with.
(4) The registrar on receiving the account and in respect of each such meeting either of the returns hereinbefore mentioned shall forthwith register them, and on the expiration of three months from the registration thereof the company shall be deemed to be dissolved:
Provided that the court may, on the application of the liquidator or of any other person who appears to the court to be interested, make an order deferring the date at which the dissolution of the company is to take effect for such time as the court thinks fit.
(5) It shall be the duty of the person on whose application an order of the court under this section is made, within seven days after the making of the order, to deliver to the registrar an office copy of the orders for registration, and if that person fails so to do he shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.
Provisions applicable to every Voluntary Winding Up.
235. The provisions contained in the eight sections Provisions of this Ordinance next following shall apply to every applicable voluntary winding up whether a members' or creditors' winding up.
а
to every
voluntary winding up.
19 & 20 Geo.
5, c. 23, s. 246.
19 & 20 Geo.
236. Subject to the provisions of this Ordinance as Distribution to preferential payments, the property of a company of property shall, on its winding up, be applied in satisfaction of of company. its liabilities pari passu, and, subject to such applica- 5, c. 23, tion, shall, unless the articles otherwise provide, be s. 247. distributed among the members according to their rights and interests in the company.
237.—(1) The liquidator may—
(a) in the case of a members' voluntary winding Powers and
up, with the sanction of an extraordinary duties of resolution of the company, and, in the case liquidator of a creditors' voluntary winding up, with in voluntary the sanction of either the court or the com- 19 & 20 Geo, winding up. mittee of inspection, exercise any of the 5, c. 23, powers given by paragraphs (u), (e) and (f) s. 248. of subsection (1) of section one hundred and eighty-five of this Ordinance to a liquidator in a winding up by the court :
A