863
(2) The court may make any appointment and order required to give effect to any such determination, and, if there is a difference between the determinations of the meetings of the creditors and contributories in respect of any of the matters mentioned in the foregoing provisions of this section, the court shall decide the difference and make such order thereon as the court may think fit.
(3) In case a liquidator is not appointed by the court the official receiver shall be the liquidator of the company.
148. Where in the winding up of a company by the Liquidator court a person other than the official receiver is appointed to give in- liquidator be shall give the official receiver such informa- formation tion and such access to and facilities for inspecting the to official books and documents of the company, and generally such 7. s. 153. aid as may be requisite for enabling that officer to perform his duties under this Ordinance.
receiver.
into bank. Ib. s. 154.
149.-(1) Where in the winding up of a company by Payments of the court a person other than the official receiver is liquidator appointed liquidator he shall [in such manner and at such winding up open an account in times as the official receiver with the concurrence of the colonial treasurer may direct, pay the money received by the name of the com- him to the Companies Liquidation Account] at such bank pany's estate
as the colonial treasurer may direct [and the official receiver shall furnish him with a certificate of receipt of the money so paid] :
becomes or
Provided that, if the committee of inspection satisfy the official receiver that for the purpose of carrying on the business of the company or of obtaining advances, or for any other reason, it is for the advantage of the ereditors or contributories that the liquidator should have an account with any other bank, the official receiver shall, on the application of the committee of inspection, authorise the liquidator to make his payments into and out of such other bank as the committee may select, and thereupon those payments shall be made in the prescribed manner.
(2) If any such liquidator at any time retains for more than ten days a sum exceeding five hundred dollars, or such other amount as the official receiver in any particular case authorises him to retain, then, unless he explains the retention to the satisfaction of the court, he shall pay interest on the amount so retained in excess at the rate of twenty per cent. por annum, and shall be liable to dis- allowance of all or such part of his remuneration as the court may think just, and to be removed from his office by the court, and shall be liable to pay any expenses occasioned by reason of his default.
(3) A liquidator of a company which is being wound up by the court shall not pay sums received by him as liquidator into his private banking account.
(4) Where the official receiver [ ] is appointed liquidator he shall, in such manner and at such times as the colonial treasurer may direct, pay the money received by him to theompanies Liquidation Account at such bank as the colonial treasurer may direct.
150.-(1) Where in the winding up of a company by Audit of the court a person other than the official receiver is appointed liquidator's liquidator he shall, at such times as may be prescribed but accounts in not less than twice in each year during his tenure of office, winding up. send to the official receiver an account of his receipts and 69 s. 156. payments as liquidator.
(2) The account shall be in a prescribed form, shall be made in duplicate, and shall be verified by a statutory declaration in the prescribed form,
(3) The official receiver shall cause the account to be audited and for the purpose of the audit the liquidator shall furnish the official receiver with such vouchers and information as he may require, and the official receiver may at any time require the production of and inspect any books or accounts kept by the liquidator.
(4) When the account has been audited, one copy thereof shall be filed with the official receiver, and shall be open to the inspection of any creditor, or of any person interested.
8 Edw. 7 c.