THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911. 657
8 Edw. 7 6. 69 s. 159.
154. (1) When a person other than the official receiver Control over is appointed liquidator the official receiver shall take cogui- liquidators. zance of the conduct of liquidators of companies which are being wound up by the court, and, if a liquidator does not faithfully perform his duties and duly observe all the requirements imposed on him by ordinance, rules, or otherwise with respect to the performance of his duties, or if any complaint is made to the official receiver by any creditor or contributory in regard thereto, the official receiver shall inquire into the matter, and take such action thereon as he may think expedient.
(2) The official receiver may at any time require any liquidator of a company which is being wound up by the court to answer any inquiry in relation to any winding up in which he is engaged, and may if the official receiver think fit apply to the court to examine him or any other person on oath concerning the winding up.
(3) The court may also direct a local investigation to be made of the books and vouchers of the liquidator.
Committee of Inspection, Special Manager, Receiver.
155.-(i) A committee of inspection appointed in Committee pursuance of this Ordinance shall consist of creditors and of inspection
in winding contributories of the company or persons holding general
up. powers of attorney from creditors or contributories in such 16. s. 160. proportions as may be agreed on by the meetings of creditors and contributories, or as, in case of difference, may be determined by the court.
(2) The committee shall meet at such times as they from time to time appoint, and, failing such appointment, at least once a month; and the liquidator or any member of the committee may also call a meeting of the com- mittee as and when he thinks necessary.
(3) The committee may act by a majority of their mem- bers present at a meeting, but shall not act unless a major- ity of the committee are present.
(4) Any member of the committee may resign by notice in writing signed by him and delivered to the liquidator.
(5) If a member of the committee becomes bankrupt, or compounds or arranges with his creditors, or is absent from five consecutive meetings of the committee without the leave of those members who together with himself repre- sent the creditors or contributories, as the case may be, his office shall thereupon become vacant.
(6) Any member of the committee may be removed by an ordinary resolution at a meeting of creditors (if he represents creditors), or of contributories (if he represents contributories) of which seven days' notice has been given, stating the object of the meeting.
(7) On a vacancy occurring in the committee the liquidator shall forthwith summon a meeting of creditors or of contributories, as the case may require, to fill the vacancy, and the meeting may, by resolution, re-appoint the same or appoint another creditor or contributory to fill the vacancy.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the committee.
(9) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the court on the application of the liquidator.
manager.
156. (1) Where the official receiver becomes the Power liquidator of a company, whether provisionally or otherwise, to appoint he may, if satisfied that the nature of the estate or business special of the company, or the interests of the creditors or contri- . s. 161. butories generally, require the appointment of a special manager of the estate or business of the company other than himself, apply to the court to, and the court may on such application, appoint a special manager thereof to act during such time as the court may direct, with such powers, including any of the powers of a receiver or manager, as may be entrusted to him by the court.