1963-HKRS30-8-54_Part04 — Page 12

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I

COMPANIES ORDINANCE.

(Chapter 32).

COMPANIES (WINDING-UP) (AMENDMENT) RULES, 1964.

In exercise of the powers conferred by subsections (1) and (3) of section 281 of the Companies Ordinance, the Acting Chief Justice has made the following rules-

and com-

1. These rules may be cited as the Companies (Winding-up) Citation (Amendment) Rules, 1964, and shall come into operation on the 1st day mencement. of April, 1964.

2. Rule 16 of the Companies (Winding-up) Rules (hereinafter Amendment referred to as the principal rules) is amended by the deletion of the word of mule 16.

(Vol. VIII, "fifty" and the substitution therefor of the following-

P. 44.

"seventy-five".

3. The principal rules are amended by the addition, after rule 22, Addition of of the following new rule-

"Deposit by palioner.

4.

22A. (1) Before presenting a petition the petitioner shall deposit with the Official Receiver the sum of three hundred dollars for the purpose of covering the fees and expenses to be incurred by the Official Receiver; and no petition shall be received unless the receipt of the Official Receiver for the deposit is produced to the Registrar.

(2) After presenting a petition the petitioner shall deposit with the Official Receiver, for the purpose set out in paragraph (1), such further sum as the court may, on the application of the Official Receiver, from time to time direct.

(3) The Official Receiver shall account for the money so deposited to the petitioner, or, if the company itself is the petitioner, to the liquidator of the company, and any money so deposited by a petitioner other than the company shall, except and so far as such money may be required by reason of insufficiency of assets for the payment of the fees of and expenses incurred by the Official Receiver, be repaid to the petitioner out of the proceeds of the assets of the company in the order of priority set out in paragraph (1) of rule 179.".

of new rule

A

Rule 27 of the principal rules is amended by the deletion of Amendment the word "fifty" and the substitution therefor of the following-

of rule 27.

"seventy-five".