1984 Ed.]

Companies

Section

PART V

WINDING UP

[CAP. 32

9

Page

(i) PRELIMINARY

Modes of Winding Up

169. Modes of winding up

194

170.

171.

172.

173.

174.

175.

Contributories

Liability as contributories of present and past members

Definition of contributory

Nature of liability of contributory

Contributories in case of death of member

Contributories in case of bankruptcy of member [Repealed]

(ii) WINDING UP BY THE Court

::

194

196

196

196

196

197

Jurisdiction

176. Jurisdiction to wind up companies

197

Cases in which Company may be wound up by Court

177.

178.

Circumstances in which company may be wound up by court Definition of inability to pay debts

197

198

Petition for Winding Up and Effects thereof

179. Provisions as to applications for winding up

198

179A. Appearance of Official Receiver

199

...

180. Powers of court on hearing petition

199

181. Power to stay or restrain proceedings against company

200

182. Avoidance of dispositions of property, &c. after commencement of winding up

200

183. Avoidance of attachments. &c.

200

Commencement of Winding Up

184. Commencement of winding up by the court

200

Consequences of Winding-up Order

185. Copy of order to be delivered to Registrar

200

186. Actions stayed on winding-up order

201

:

187. Effect of winding-up order

201

Official Receiver in Winding Up

Official Receiver appointed under Bankruptcy Ordinance to be official receiver for

winding-up purposes

188.

189. [Repealed]

***

+

190.

191. Report by Official Receiver ...

Statement of company's affairs to be submitted to Official Receiver

201

201

201

202

Page 205

Page 206

Share This Page