Added Ance
1
}
be omitted
ANDA 22
ABOTON 275
'ION 275A ÎNⱭDÂYİTİ
Section 275A.
This section includes
several objectionable features, viz.:
The power to eliminate the principle
of equality of distribution.
The giving of discretion on this
ongmal memo was prepared
subject to the Court.
as result
१
The limitation of such discretion
Esenverm
recorded in muy himi Q3ala 83019
Lee
No)
ho. No
by thetest of expediency.
The giving of initiative to the
liquidator alone and thereby by inference
excluding the creditors from applying to the
Court on the subject.
The absence of any provision
defining the position of creditors who are
excluded from participation in the local
assets or the position of included creditors
with regard to participation in the outside
assets of the company.
Difficulties which may arise in
construing debts contracted by the company
within the Colony.