Companies.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the committee.
[193
[CAP. 32
court where no committee of inspection.
193. Where in the case of a winding up there is no Powers of committee of inspection, the court may, on the application of the liquidator, do any act or thing or give any direction or permission which is by this Ordinance authorized or required to be done or given by the committee.
[194
General Powers of Court in case of Winding Up by Court.
or
194. (1) The court may at any time after an order for winding up, on the application either of the liquidator, the Official Receiver, or any creditor or contributory, and on proof to the satisfaction of the court that all proceedings in relation to the winding up ought to be stayed, make an order staying the proceedings, either altogether or for a limited time, on such terms and conditions as the court thinks fit.
(2) On any application under this section the court may, before making an order, require the Official Receiver to furnish to the court a report with respect to any facts or matters which are in his opinion relevant to the application.
[195
195. (1) As soon as may be after making a winding-up order, the court shall settle a list of contributories, with power to rectify the register of members in all cases where rectification is required in pursuance of this Ordinance, and shall cause the assets of the company to be collected, and applied in discharge of its liabilities: Provided that, where it appears to the court that it will not be necessary to make calls on or adjust the rights of contributories, the court may dispense with the settlement of a list of contributories.
(2) In settling the list of contributories, the court shall distinguish between persons who are contributories in their own right and persons who are contributories as being representatives of or liable for the debts of others.
137
[196
c. 23, s. 200.
Power to stay winding up.
19 & 20 Geo. 5, c. 23, s. 202.
Settlement of list of contributories and application of assets.
19 & 20 Geo. 5, c. 23, s. 203.
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