Section.
133. Effect of winding-up order.
134.
135.
136.
137.
Commencement of winding up by court.
Power to stay or restrain proceedings against company.
Powers of court on hearing petition.
Actious stayed on winding-up order.
138. Copy of order to be forwarded to registrar.
139. Power of court to stay winding up.
140. Court may have regard to wishos of creditors or contributorios.
141.
Official Receiver.
Definition of official receiver,
142. Statement of company's affairs to be submitted to official
receiver.
143. Report by official receiver.
144.
Liquidators.
Appointment, remuneration, and title of liquidators.
145. Custody of company's property,
146. Powers of biquilator.
147. Meetings of creditors and contributories in winding up. 148. Liquidator to give information to official receiver.
149. Payments of liquidator in winding up into bank.
150. Audit of liquidator's accounts in winding up.
131. Booke to be kept by liquidator in winding up.
Release of liquidators.
152.
153.
Exercise and control of liquidator's powers.
151
Control over liquidators.
5
Winding Up subject to Supervision of Court.
Bection.
192, 193.
Power to order winding up subject to supervision.
303
Effect of petition for winding up subject to supervision.
194.
Court may have regard to wishes of creditors and contri-
butories,
195.
196.
197.
198.
Power for court to appoint or remove liquidators.
Effect of supervision order.
Supplemental Provisions.
Avoidance of transfers, &c, after commencement of winding up.
Debts of all descriptions to be proved.
199. Application of bankruptcy law and rules in winding up of
iusolvent companies.
203. Preferential payments.
Fraudulent preference.
Avoidance of certain attachments and executions.
201.
202.
208.
Effect of floating charge.
204.
205.
General scheme of liquidation may be sanctioned,
Power of court to assess dainages against delinquent directors,
&c.
206. Penalty for falsification of books.
207.
Prosecution of delinquent directors, &c.
208. Penalty on perjury.
202.
Meetings to ascertain wishes of creditors or contributories.
210. Books of company to be evidence.
211. Inspection of books.
212. Disposal of books and papers of company.
Power of court to declare dissolution of company void. Information as to pending liquidations.
213.
214.
215.
216.
Judical notice of signature of officers. Affidavits,
Committee of Inspection, Special Manager, Re, eiver.
155. Committee of inspection in winding up.
156.
Power to appoint special manager.
157. Power to appoint official receiver as receiver for debenture
holders or creditors.
Ordinary Powers of Court,
Settlement of list of contributories and application of assets. Power to require delivery of property.
158.
159.
160.
Power to order payment of debts by contributory,
161.
Power of court to make calls.
162.
Power to order payment into bank.
163, Order on contributory conclusive evidence.
161.
Power to exclude creditors not proving in time.
165, Adjustment of rights of contributories.
166.
167.
Power to order costs.
Dissolution of company.
168. Delegation to liquidator of certain powers of court.
Extraordinary Powers of Court.
169. Power to summon persons suspected of having property of
company.
170.
171.
Power to order public examination of promoters, directors, &c. Power to arrest absconding contributory. 172. Powers of coart cumulative.
Enforcement of und Appeal from Orders.
173. Power to enforce orders.
174. Appeals from order.
Voluntary Winding Up.
175. Circumstances in which company may be wound up volun-
tarily.
176, Commencement of voluntary winding up.
177. Effect of voluntary winding up on status of company.
178.
Notice of resolution to wind up voluntarily.
179. Consequences of voluntary winding up.
Notice by liquidator of his appointment.
217. Companies liquidation account defined.
218. Separate acconuts of particular ostates. 219. Officers and remuneration.
220.
221.
Rules and Fees.
Rules and fees for winding up and local registers and pro-
cedure.
Fees and costs to assimilate to those in Original Jurisdiction
of Court.
Removal of Defunct Companies from Register. 222. Registrar may strike defunct company off register.
PART V. REGISTRATION OFFICE AND FEES.
223. Registration offices. 224. Fees,
PART VI.
APPLICATION OF ORDINANCE TO COMPANIES FORMED AND REGISTERED UNDER FORMER COMPANIES ORDINANCES,
225. Application of Ordinance to companies formed under former
Companies Ordinances.
226.
Application of Ordinance to companies registered uudor former
Companies Ordinances.
PART VII.
COMPANIES AUTHORISED TO REGISTER UNDER THIS ORDINANCE.
227. Companies capable of being registered,
228.
Definition of joint stock company.
229.
Liability of bank of issne unlimited in respect of notes. 230. Requirements for registration by joint stock companies.
231. Requirements for registration by other than joint stock com-
panies.
232,
Authentication of statements of existing companies.
233. Registrar may require evidence as to nature of company.
On registration of banking company with limited liability,
notice to be given to customers.
180.
182. Power to fill vacancy in office of liquidator.
181. Rights of creditors in a voluntary winding up.
234.
183. Delegation of authority to appoint liquidators.
184.
Arrangement when binding on creditors.
233.
185.
Power of liquidator to accept shares, &c, as consideration for
sale of property of company,
236.
Addition of "limited" to name.
Exemption of certain companies from payment of fees.
237.
Certificate of registration of existing companios.
186.
Power to apply to court.
187.
Power of liquidator to call general meeting.
188. Final meeting and dissolution.
240.
241.
189.
Costs of voluntary liquidation.
190. Saving for rights of creditors and contributories.
242.
191. Power of court to adopt proceedings of voluntary winding up.
243.
244.
Actions stayed on winding-up order.
238. Vesting of property on registration.
239. Saving for existing liabilities.
Continuation of existing actions.
Effect of registration.
Power to substitute memorandum and articles for deed of
settlement.
Power of court to stay or restrain proceedings.