146.
147.
148.
149.
150.
151.
152.
)
153.
Section. 132.
133.
453
Effect of winding-up order.
Commencement of winding up by court.
134. Power to stay or restrain proceedings against company. 135. Powers of court on hearing petition.
136.
Actions stayed on winding-up order.
137. Copy of order to be forwarded to registrar.
138. Power of court to stay winding up.
139. Court may have regard to wishes of creditors or contributories.
Official Receiver.
140, Definition of official receiver.
141.
Statement of company's affairs to be submitted to official
receiver.
142. Report by official receiver.
143.
Liquidators.
Appointment, remuneration, and title of liquidators,
144. Custody of company's property,
145. Powers of quidator.
Meetings of creditors and contributories in winding up.
Liquidator to give information to official receiver.
Payments of liquidator in winding up into bank,
Audit of liquid ator's necounts in winding up.
Books to be kept by liquidator in winding up. Release of liquidators.
Exercise and control of liquidator's powers,
Control over liquid utors.
Committee of Inspection, Special Manager, Ra civer.
Committee of inspection in winding up.
154.
165.
Power to appoint spesial manager,
156.
157.
158.
159.
16).
Power to appoint milicial receiver as rereiver for debenture
holders or creditors.
Ordinary Powers of Court.
Settlement of list of contributories and application of assets. Power to require delivery of property.
Power to order payment of debts by contributory,
Power of court to mike calls.
161. Power to order payment into bank.
162.
Order on contributory conclusive evidence.
163. Power to exclude creditors not proving in time.
Adjustment of rights of contributories.
164.
165.
166.
167.
168.
169.
170.
171.
Power to order costs.
Dissolution of company.
Delegation to liquidator of certain powers of court.
Extraordinary Powers of Court.
Power to summon persons suspected of having property of
company.
Power to order public examination of promoters, directors, &c. Power on arrest absconding contributory.
Powers of conrt cumulative.
Enfare-mnt of und Appeal from Orders.
172. Power to enforce orders.
173. Appeals from order,
174.
175.
176.
177.
178.
Voluntary Winding Up.
Circumstances in which company may be wound up volun-
tarily.
Commencement of voluntary winding up.
Effect of voluntary winding up on status of company. Notice of resolution to wind up voluntarily. Consequences of voluntary winding up.
179. Notice by liquidator of his appointment.
180.
181.
Rights of creditors in a voluntary winding up. Power to fill vacancy in office of liquidator.
182.
183.
184.
Delegation of authority to appoint liquidators.
Arrangement when binding on creditors.
Power of liquidator to accept shares, &c. as consideration for
sale of property of company.
185.
Power to apply to court.
186.
Power of liquidator to call general meeting.
187.
Final meeting and dissolution.
188.
Costs of voluntary liquidation.
189.
Saving for rights of creditors and contributories.
190.
Power of court to adopt proceedings of voluntary winding up.
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