COMPANIES.
No. 58 of 1911.
2157
as
(7) On a vacancy occurring in the committee the liquidator shall forthwith summon a meeting of creditors or of contributories, as the case may require, to fill the vacancy, and the meeting may, by resolution, re-appoint the same or appoint another creditor or contributory to fill the vacancy.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the committee.
(9) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required to be done or given by the committee may be done or given by the Court on the application of the liquidator.
8 Edw. 7
156.--(1) Where the Official Receiver becomes the liquidator of a company, whether provisionally or otherwise, he may, if satisfied that the nature of the estate or business of the company, or the interests of the creditors or contributories generally, require the appointment of a special manager of the estate or business of the company other than himself, apply to the Court to, and the Court may on such application, appoint a special manager thereof to act during such time as the Court may direct, with such powers, including any of the powers of a receiver or manager, as may be entrusted to him by the Court.
(2) The special manager shall give such security and account in such manner as the Official Receiver directs.
(3) The special manager shall receive such remuneration as may be fixed by the Court.
Official Receiver as receiver for
157. Where an application is made to the Court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the Court, the Official Receiver may be so appointed.
Ordinary Powers of the Court.
holders or creditors. ib. s. 162.
of list of contributories.
158.—(1) As soon as may be after making a winding-up order, the Court shall settle a list of contributories, with power to rectify the register of members in all cases where rectification is required in pursuance of this Ordinance, and shall cause the assets of the company to be collected, and applied in discharge of its liabilities.
(2) In settling the list of contributories, the Court shall distinguish between persons who are contributories in their own right and persons who are contributories in a representative capacity.
tributories and application of assets. i. s. 163.
COMPANIES.
No. 58 of 1911.
2157
as
(7) On a vacancy occurring in the committee the liquidator shall forthwith summon a meeting of creditors or of contributories, the case may require, to fill the vacancy, and the meeting may, by resolution, re-appoint the same or appoint another creditor or con- tributory to fill the vacancy.
(8) The continuing members of the committee, if not less than two, may act notwithstanding any vacancy in the committee.
(9) If there is no committee of inspection, any act or thing or any direction or permission by this Ordinance authorised or required. to be done or given by the committee may be done or given by the Court on the application of the liquidator.
8 Edw. 7
156.--(1) Where the Official Receiver becomes the liquidator of Power
to appoint a company, whether provisionally or otherwise, he may, if satisfied special that the nature of the estate or business of the company, or the anger. interests of the creditors or contributories generally, require the. Jul. appointment of a special manager of the estate or business of the company other than himself, apply to the Court to, and the Court may on such application, appoint a special manager thereof to act during such time as the Court may direct, with such powers. including any of the powers of a receiver or manager, as may be entrusted to him by the Court.
(2) The special manager shall give such security and account in such manner as the Official Receiver directs.
(3) The special manager shall receive such remuneration as may be fixed by the Court.
Official Receiver as receiver for
157. Where an application is made to the Court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the Court the Official Receiver debenture may be so appointed.
Ordinary Powers of the Court.
holders or ereditors. ib. s. 162.
of list of con-
158.—(1) As soon as may be after making a winding-up order, Settlement the Court shall settle a list of contributories, with power to rectify tributories the register of members in all cases where rectification is required in and applica- pursuance of this Ordinance, and shall cause the assets of the com- i. s. 163. pany to be collected, and applied in discharge of its liabilities.
(2) In settling the list of contributories, the Court shall distinguish between persons who are contributories in their own right and
tion of assets.
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