V
2168
No. 58 of 1911.
COMPANIES.
Final meeting and dissolution
8 Edw. 7 c. 69 s. 195.
purpose of obtaining the sanction of the company by special or extraordinary resolution, or for any other purposes he may think fit.
(2) In the event of the winding up continuing for more than one year, the liquidator shall summon a general meeting of the company at the end of the first year from the commencement of the winding up, and of each succeeding year, or as soon thereafter as may be convenient, and shall lay before the meeting an account of his acts and dealings and of the conduct of the winding up during the preceding year.
188.-(1) In the case of every voluntary winding up, as soon as the affairs of the company are fully wound up, the liquidator shall make up an account of the winding up, showing how the winding up has been conducted and the property of the company has been disposed of; and thereupon shall forward a copy of the account to the Official Receiver who shall have full power to investigate and report thereon, and thereafter the liquidator shall call a general meeting of the company for the purpose of laying before it the account and the Official Receiver's report (if any), and giving any explanation thereof.
(2) The meeting shall be called by advertisement in the Gazette and in 2 local newspapers circulating in the district where the principal place of business of the company was situate, specifying the time, place, and object thereof, and published one month at least before the meeting.
(3) Within 3 weeks after the meeting, the liquidator shall make a return to the Registrar of Companies of the holding of the meeting, and of its date, and in default of so doing he shall be liable to a fine not exceeding 50 dollars for every day during which the default continues.
(4) The Registrar on receiving the return shall forthwith register it, and on the expiration of 3 months from the registration of the return the company shall be deemed to be dissolved:
Provided that the Court may, on the application of the liquidator or of the Official Receiver 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.