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CAP. 32]
Companies (Winding-up) Rules
[1984 Ed.
[Subsidiary]
Notice of
appointment of
liquidator.
L.N. 201/84.
NOTICE OF APPOINTMENT OF LIQUIDATOR
46. The notice of the appointment of a liquidator required by sections 195 and 253 of the Ordinance shall be in Form 28 in the Appendix.
Form 28.
Security to
satisfaction of
Official Receiver.
R 57.
Form 26.
Form 26.
Failure to give or keep up security.
R. 58.
SECURITY BY LIQUIDATOR OR SPECIAL MANAGER IN A WINDING UP BY THE COURT
47. In the case of a special manager or a liquidator other than the Official Receiver, the following provisions as to security shall have effect, namely—
(a) the security shall be given to such officers or persons, and in such manner as the Official Receiver may from time to time direct;
(b) it shall not be necessary that security shall be given in each separate winding up: but security may be given either specially in a particular winding up, or generally, to be available for any winding up in which the person giving security may be appointed, either as liquidator or special manager:
(c) the Official Receiver shall fix the amount and nature of such security, and may from time to time, as he thinks fit, either increase or diminish the amount of special or general security which any person has given;
(d) the certificate of the Official Receiver that a liquidator or special manager has given security to his satisfaction shall be filed with the Registrar,
(e) the cost of furnishing the required security by a liquidator or special manager, including any premiums which he may pay to a guarantee society, shall be borne by him personally, and shall not be charged against the assets of the company as an expense incurred in the winding up.
48. (1) If a liquidator or special manager fails to give the required security within the time stated for that purpose in the order appointing him, or any extension thereof, the Official Receiver shall report such failure to the court, who may thereupon rescind the order appointing the liquidator or special manager.
(2) If a liquidator or special manager fails to keep up his security, the Official Receiver shall report such failure to the court, who may thereupon remove the liquidator or special manager, and make such order as to costs as the court shall think fit.
(3) Where an order is made under this rule rescinding an order for the appointment of or removing a liquidator, the court may direct that another liquidator is to be appointed and thereupon the same meetings shall be summoned and the same proceedings may be taken as in the case of a first appointment of a liquidator.
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