CAP. 32] Companies.
Is. 229 cont.] of inspection, or if there is no such committee, the creditors, sanction the continuance thereof.
Power to fill vacancy in office of liquidator. ibid. s. 242.
Application of s. 222 to a creditors' voluntary winding up. 19 & 20 Geo. 5, c. 23, s. 243.
Duty of liquidator to call meetings of company and of creditors at end of each year. 19 & 20 Geo. 5, c. 23, s. 244. 22 of 1950, Schedule.
Final meeting and dissolution. 19 & 20 Geo. 5, [230
230. If a vacancy occurs, by death, resignation or otherwise, in the office of a liquidator, other than a liquidator appointed by, or by the direction of, the court, the creditors may fill the vacancy.
[231 231. The provisions of section 222 shall apply in the case of a creditors' voluntary winding up as in the case of a members' voluntary winding up, with the modification that the powers of the liquidator under the said section shall not be exercised except with the sanction either of the court or of the committee of inspection.
[232 232. (1) In the event of the winding up continuing for more than one year, the liquidator shall summon a general meeting of the company and a meeting of creditors 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 meetings an account of his acts and dealings and of the conduct of the winding up during the preceding year.
(2) If the liquidator fails to comply with this section, he shall be liable to a fine of five hundred dollars.
[233 233. (1) 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 call a general meeting of the company and a meeting of the creditors, for the purpose of laying the account before the meetings, and giving any explanation thereof.
(2) Each such meeting shall be called by advertisement in the Gazette, specifying the time, place, and object thereof, and published one month at least before the meeting.
(3) Within three weeks after the date of the meetings, or, if the meetings are not held on the same date, after the date of the later meeting, the liquidator shall send to ...
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