193704-1932-Supplementary-Bill-read-a-second-time--Companies — Page 75

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(3) Any such officer shall for the purpose of his duties under this Ordinance be styled "the official receiver.

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175. If in the case of the winding up of any com- Appoint- pany by the court it appears to the court desirable, ment of with a view to securing the more convenient and official economical conduct of the winding up, that soune Court in

receiver by officer, other than the person who would by virtue of certain the last foregoing section of this Ordinance be the cases. official receiver, should be the official receiver for the 19 & 20 Geo. purposes of that winding up, the court may appoint

5, c. 23, s. 180, that other officer to act as official receiver in that winding up, and the person so appointed shall be deemed to be the official receiver in that winding up for all the purposes of this Ordinance.

176.-(1) Where the court has made a winding-up Statement order or appointed a provisional liquidator, there shall, of company's unless the court thinks fit to order otherwise and so affairs to be

submitted orders, be made out and submitted to the official to official receiver a statement as to the affairs of the company receiver. in the prescribed form, verified by affidavit, and show- 19 & 20 Geo.

5, c. 23, ing the particulars of its assets, debts, and liabilities,

s. 181. the names, residences, and occupations of its creditors, the securities held by them respectively, the dates when the securities were respectively given, and such further or other information as may be prescribed or as the official receiver may require.

(2) The statement shall be submitted and verified by one or more of the persons who are at the relevant date the directors and by the person who is at that date the secretary or other chief officer of the com- pany, or by such of the persons hereinafter in this subsection mentioned as the official receiver, subject to the direction of the court, may require to submit and verify the statement, that is to say, persons——-

(a) who are or have been directors or officers of the

company;

(b) who have taken part in the formation of the company at any time within one year before the relevant date;

(c) who are in the employment of the company, or have been in the employment of the com pany within the said year, and are in the opinion of the official receiver capable of giving the information required;

year

(d) who are or have been within the said

officers of or in the employment of a company, which is, or within the said year was, an officer of the company to which the statement relates. (8) The

statement shall be submitted within twenty-eight days from the relevant date, or within such extended time as the official receiver or the court may for special reasons appoint.

(4) Any person making or concurring in making the statement and affidavit required by this section shall be allowed, and shall be paid by the official receiver or provisional liquidator, as the case may be, out of the assets of the company, such costs and expenses in- curred in and about the preparation and making of the statement and affidavit as the official receiver may consider reasonable, subject to an appeal to the court.

(5) If any person, without reasonable excuse, makes default in complying with the requirements of this section, he shall be liable to a fine not exceeding one hundred dollars for every day during which the default continues.

(6) Any person stating himself in writing to be a creditor or contributory of the company shall be en- titled by himself or by his agent at all reasonable times, on payment of the prescribed fee, to inspect the statement submitted in pursuance of this section, and to a copy thereof or extract therefrom.

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