ORDINANCE No. 30 of 1886 . 2057
Companies.
Order to wind- up company.
7. Every order for the winding-up of a company, by the Court or subject to its Advertisement
and service of
order.
supervision, shall within twelve days after the date thereof, be advertised by the peti Ibid, r. 6.]
tioner once in the Gazette, and shall be served upon such persons (if any) and in such
manner as the Court may direct.
8. Within ten days after the date of the order to wind up a summons may be Proceedings on
order.
[Ibid, r. 7.1
taken out by the petitioner to proceed with the winding-up of the company and in
default thereof such summons may be taken out by any other person interested in the
winding-up and in case the summons be taken out by any other person than the peti
tioner the Judge may, if he thinks fit, give the carriage and prosecution of the order to
such person . Such summons shall be served upon all parties who may have appeared
upon the hearing of the petition . Upon the return of such summons, a time shall, if
the Judge thinks fit, be fixed for the appointment of an official liquidator and for the
proof of debts and for the list of contributories to be brought in and directions may be
given as to the advertisements to be issued for all or any of such purposes, and generally
as to the proceedings and the parties to attend thereon . The proceedings under the order
shall be continued by adjournment , and when necessary, by further summons, and any
such direction as aforesaid may be given , added to, or varied, at any subsequent time,
as may be found necessary.
Official liquidator.
9. The Judge may appoint a person to the office of official liquidator, without Appointment of
official liquidator.
previous advertisement or notice to any party, or fix a time and place for the appoint [Ibid, r. S.]
.
ment of an official liquidator, and may appoint or reject any person nominated at such
time and place, and appoint any person not so nominated.
10. When a time and place are fixed for the appointment of an official liquidator, Advertisement
as to appoint
such time and place shall be advertised in such manner as the Judge shall direct, so ment.
Ibid, r. 9.1
that the first or only advertisement shall be published within fourteen days and not less
than seven days before the date so fixed .
11. Every official liquidator shall give security by entering into a recognizance with Security of
official liquidator.
two or more sufficient sureties in such sum as the Judge may approve ; and the Judge [Ibid, r. 10.]
may, if he shall think fit, accept the security of any guarantee society established by
charter or act of Parliament in England or local ordinance in lieu of the security of
such sureties as aforesaid, or of any of them .
12. The official liquidator shall be appointed by order, and unless he shall have Order appoint
ing official
given security, a time shall be fixed by such order within which he is to do so : and liquidator.
{Ibid, r. 11.1
the order shall fix the times or periods at which the official liquidator is to leave his
accounts of his receipts with the Registrar, and shall direct that all moneys to be
received shall be paid into Court or into such Bank as the Court may direct imme
diately after the receipt thereof to the account of the official liquidator of the company, ;