1901_COMPANIES_ORDINANCE__1865 — Page 76

A.D. 1865.]

COMPANIES.

[No. 1.

135

or disallowed, and whether allowed as against any particular assets or in any other qualified or special manner.

List of Contributories.

30.—(1.) The official liquidator shall, with all convenient speed after his appointment or at such time as the Judge may direct, make out and leave with the Registrar a list of the contributories of the company.

(2.) The list shall be verified by the affidavit of the official liquidator, and shall, so far as is practicable, state the respective addresses of, and the number of shares or extent of interest to be attributed to, each such contri- butory, and distinguish the several classes of contributories.

(3.) The list may from time to time, by leave of the Judge, be varied or added to by the official liquidator.

31.-(1.) On the list of contributories being left with the Registrar, the official liquidator shall obtain an appointment for the Judge to settle the same, and shall give notice in writing of such appointment to every person included in the list, and stating in what character and for what number of shares or interest such person is included in the list.

(2.) In case any variation or addition to the list is at any time made by the official liquidator, a similar notice in writing shall be given to every person to whom such variation or addition applies.

(3.) All such notices shall be served four clear days before the day ap- pointed to settle the list or the variation or addition.

32. The result of the settlement of the list of contributories shall be stated in a certificate by the Registrar, and certificates may be made from time to time for the purpose of stating the result of such settlement down to any particular time or as to any particular person, or stating any variation of the list.

Sales of Property.

33.-1.) Any real or personal property belonging to the company may be sold, with the approbation of the Judge, in the same manner as in the case of a sale under a decree or order of the Court in a suit, or, if the Judge so directs, by the official liquidator.

(2.) On any such sale by the official liquidator, the conditions or contracts of sale shall be settled and approved of by the Judge, unless he otherwise directs, and the Judge may, if he thinks fit, direct such conditions and con- tracts, and the abstract of the title to the property, to be submitted to counsel, and may, on any sale by public auction, fix a reserved bidding.

(3.) Unless, on account of the small amount of the purchase moneys or other cause, it is, having regard to the amount of the security given by the official liquidator, thought proper i the purchase moneys shall be paid to him, all conditions and contracts of sale shall provide that the purchase moneys shall be paid by the respective purchasers into Court or into such bank as the Court may direct, to the account of the official liquidator of the company.

Making of list tories.

of contribu-

General Or-

ders, 1862,

r. 29.

Notice of appointment

to settle list.

1b. v. 30.

Registrar's certificate. Ib. r. 31.

Mode of making sales of property. Ib. r. 32.