20388-1911-Ordinance-passed-and-assented-to--Companies-No-58-of-1911 — Page 6

Government Gazette 政府憲報 轅門報 All

THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 15, 1911. 605

Section.

175.

176.

177.

178.

179.

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.

180. Notice by liquidator of his appointment.

181. Rights of creditors in a voluntary winding up. 182. Power to fill vacancy in office of liquidator.

Delegation of authority to appoint liquidators. Arrangement when binding on creditors.

183.

184.

185.

186.

187.

Power of liquidator to accept shares, &c. as consideration for

sale of property of company.

Power to apply to court.

Power of liquidator to call general meeting,

188. Final meeting and dissolution.

189. Costs of voluntary liquidation,

190. Saving for rights of creditors and contributories.

191.

Power of court to adopt proveedings of voluntary winding up.

Winding Up subject to Supervision of Court,

192. Power to order winding up subject to supervision. 193. Effect of petition for winding up subject to supervision. 194. Court may have regard to wishes of creditors and contri-

butories.

195. Power for court to appoint or remove liquidators,

Effect of supervision order,

196.

197.

198.

199.

Supplemental Provisions.

Avoidance of transfers, &e, after commencement of winding up. Debts of all descriptions to be proved.

Application of bankruptcy law and rules in winding up of

insolvent companies,

200. Preferential payments.

201.

202.

208.

204.

205.

206.

207.

Fraudulent preference.

Avoidance of certain attachments and excentions.

Effect of Hoating charge.

General scheme of liquidation may be sanctioned.

Power of court to assess damages against delinquent directors,

&e.

Penalty for falsification of books,

Prosecution of delinquent directors, &c.

208. Penalty on perjury.

200. Meetings to ascertain wishes of creditors or contributores.

210. Books of company to be evidence.

211. Inspection of books.

212. Disposal of books and papers of company.

213.

214.

215.

216.

Power of court to declare dissolution of company void. Information as to pending liquidations.

Judical notice of signature of officers, Affidavits.

217. Companies liquidation account defined. 218. Separate accounts of particular estates. 219. Officers and remuneration.

220.

221.

Rules and Fees.

Rules and fees for winding up and local registers and pro-

cedure.

Fees and costs to assimilate to those in Original Jurisdiction

of Court.

Removal of Defunct Companies from Register.

222. Registrar may strike defunct company off register.

PART V.

REGISTRATION OFFICE AND FEES.

223. Registration offices.

224. Fees.

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