Dissolutions
27. 469 companies were dissolved during the year as
follows:-
By Members' Voluntary Winding-Up
By Creditors' Voluntary Winding-Up
Struck off the Register under Section 276, including 362 defunct companies which had not reconstructed their records and of which nothing was known
Struck off the Register under Section 94
53
1
414
1
469
Liquidations in Progress
28. At the end of the year 111 companies were in the course of being wound up as follows:-
Liquidations begun prior to begun during
1/4/55
Liquidations
1955/56
By Members' Voluntary Winding-
Up
68
22
By Creditors' Voluntary Winding-
Up
5
2
By Winding-Up by the Court
14
87
24
Local or Branch Registrars
29. Four licences to keep local or branch Share Registers were granted under Section 103 of the Ordinance.
Money-Lenders
30. 11 Money-lenders licences. were issued under the Money-Lenders Ordinance (Cap. 163). This is 8 less than in 1954/55, the reduction being no doubt due to the heavy increase in the fee from $50 to $500 on 25th March, 1955.
14
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