ORDINANCE No. 30 of 1886 . 2061
Companies.
Sales of property.
33. Any real or personal property belonging to the company may be sold with Sales of
property.
the approbation of the Judge, in the same manner as in the case of a sale under a [Ibid, r. 32.]
decree or order of the Court in a suit, or, if the Judge shall so direct, by the official
liquidator ; and upon any such sale by the official liquidator, the conditions or contracts
of sale shall be settled and approved of by the Judge, unless he shall otherwise direct,
and the Judge may, if he thinks fit, direct such conditions and contracts, and the
abstract of the title to the property, to be submitted to counsel and may , on any sale
by public auction , fix a reserved bidding ; and, unless on account of the small amount.
of the purchase moneys or other cause it shall, having regard to the amount of the
security given by the official liquidator, be thought proper that the purchase moneys
shall be paid to him, all conditions and contracts of sale shall provide that the purchase
moneys shall be paid by the respective purchasers into Court or into such bank as the
Court may direct to the account of the official liquidator of the company.
Calls.
34. Every application to the Judge to make any call on the contributories or any Summons for
call.
of them, for any purpose authorized by The Companies Ordinances 1865 to 1886 shall be [Ibid, r. 33.)
made by summons, stating the proposed amount of such call ; and such summons shall
be served four clear days at the least before the day appointed for making the call, on
every contributory proposed to be included in such call ; or if the Judge shall so direct,
notice of such intended call may be given by advertisement.
35. When any order for a call has been made, a copy thereof shall be forthwith Service of
order.
served upon each of the contributories included in such call, together with a notice [Ibid, r. 34.
from the official liquidator specifying the amount or balance due from such contributory
(having regard to the provisions of the said Ordinances) in respect of such call , but
such order need not be advertised unless for any special reason the Judge shall so
direct.
36. At the time of making an order for a call, the further proceedings relating Proceedings
under order.
thereto shall be adjourned to a time subsequent to the day appointed for the payment [Ibid, r. 35.]
thereof, and afterwards from time to time so long as may be necessary ; and at the
time appointed by any such adjournment, or upon a summons to enforce payment of
the call, duly served, and upon proof of the service of the order and notice of the
amount due, and non- payment an order may be made for such of the contributories.
who have made default, or of such of them against whom it shall be thought proper to
make such order, to pay the sum which by such former order and notice they were
respectively required to pay, or any less sum which may appear to be due from them
respectively .
Payment in of moneys and deposit of securities.
37. If any official liquidator shall not pay all the moneys received by him into Default of
payment into
Court or such bank as aforesaid to the account of the official liquidator of the company, Court or bank.
[Ibid, r. 36.]
within seven days next after the receipt thereof, unless the Judge shall have otherwise