12

CAP. 32]

Companies

[1984 Ed.

Section

Page

247. Duty of liquidator to call meetings of company and of creditors at end of each year ... 230

248. Final meeting and dissolution 230

Provisions applicable to every Voluntary Winding Up

249. Provisions applicable to every voluntary winding up 231

250. Distribution of property of company ... 231

251. Powers and duties of liquidator in voluntary winding up 231

252. Court may appoint and remove liquidator in voluntary winding up 232

253. Notice by liquidator of his appointment 232

254. Arrangement, when binding on creditors 232

255. Power to apply to court to have questions determined or powers exercised 232

255A. Audit of liquidator's accounts in voluntary winding up 233

256. Costs of voluntary winding up 233

257. Saving for rights of creditors and contributories 233

(iv) [Repealed]

258-262. [Repealed]

(v) PROVISIONS APPLICABLE TO EVERY MODE OF WINDING UP

Proof and Ranking of Claims 233

263. Debts of all descriptions to be proved 233

264.

265. Application of bankruptcy rules in winding up of insolvent companies Preferential payments 233 234

Effect of Winding Up on antecedent and other Transactions

266. Fraudulent preference 237

266A. Liabilities and rights of certain fraudulently preferred persons 237

267. Effect of floating charge 238

268. Disclaimer of onerous property in case of company wound up 238

269. Restriction of rights of creditor as to execution or attachment in case of company being wound up 240

270. Duties of bailiff as to goods taken in execution... 241

Offences antecedent to or in course of Winding Up

271. Offences by officers of companies in liquidation 241

272. Penalty for falsification of books 243

273. Frauds by officers of companies which have gone into liquidation... 244

244

274. Liability where proper accounts not kept

275. Responsibility of directors for fraudulent trading 245

276.

277. Power of court to assess damages against delinquent officer, etc. Prosecution of delinquent officers and members of company 246 246

Supplement Provisions as to Winding Up

278. Disqualification for appointment as liquidator 247

278A.

279. Corrupt inducement affecting appointment as liquidator Enforcement of duty of liquidator to make returns, &c. 248 248

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