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8.2
Section 228A was introduced by the Companies (Amendment)
Ordinance 1984. It was in implementation of a recommendation in
paragraph 8.22 of the Second Report of the Companies Law Revision
Committee (April 1973) which read as follows:
"At paragraph 503 of their Report the Jenkins Committee
recommended:-
"(r) in order to speed the appointment of
a liquidator in case of emergency,
the directors should have power to
deliver to the Registrar of Companies
a declaration that the company cannot
by reason of its liabilities continue
its business and that meetings of the
company and of its creditors will be
summoned for a date not more than
twenty-eight days after the date of
the declaration. After delivering such
a declaration the directors should be
required to appoint forthwith a provisional
liquidator to remain in office for
twenty-eight days or such extended period.
as the Board of Trade may allow, or until
the earlier appointment of a liquidator.
The declaration and notice of the appointment
of the provisional liquidator should be
required to be advertised, and such
notice to be delivered to the Registrar for
registration.
The date of the delivery
138.
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