2164
No. 58 of 1911.
Notice by
liquidator of
his appoint. ment.
8 Edw. 7
c. 69 s. 187.
Rights of creditors in a voluntary winding up.
ib. s. 188.
COMPANIES.
(iv) the liquidator may, without the sanction of the Court, exercise all powers by this Ordinance given to the liquidator in a winding up by the Court;
(v) the liquidator may exercise the powers of the Court under this Ordinance of settling a list of contributories, and of making calls, and shall pay the debts of the company, and adjust the rights of the contributories among themselves;
(vi) the list of contributories shall be prima facie evidence of the liability of the persons named therein to be contributories;
(vii) when several liquidators are appointed, every power hereby given may be exercised by such one or more of them as may be determined at the time of their appointment, or in default of such determination by any number not less than two;
(viii) if from any cause whatever there is no liquidator acting, the Court may, on the application of a contributory, appoint a liquidator;
(ix) the Court may, on cause shown, remove a liquidator, and appoint another liquidator.
180. (1) The liquidator in a voluntary winding-up shall, within 5 weeks after his appointment, file with the Registrar of Companies a notice of his appointment in the form prescribed by the Governor.
(2) If the liquidator fails to comply with the requirements of this section he shall be liable to a fine not exceeding 50 dollars for every day during which the default continues.
181.-(1) Every liquidator appointed by a company in a voluntary winding-up shall, within 3 weeks from his appointment, send notice by registered post to the Official Receiver and to all persons who appear to him to be creditors of the company that a meeting of the creditors of the company will be held on a date, not being less than 4 nor more than 5 weeks after his appointment, and at a place and hour, to be specified in the notice, and shall also advertise notice of the meeting once in the Gazette and once at least in two local newspapers circulating in the district where the principal place of business of the company was situate.
(2) At the meeting to be held in pursuance of the foregoing provisions of this section at which the Official Receiver shall have the right to be present and to speak the creditors shall determine whether an application shall be made to the Court for the appointment of any person as liquidator in the place of or jointly with the
Page 90
Page 91
2164
No. 58 of 1911.
Notice by
liquidator of
his appoint. ment.
8 Edw. 7
c. 69 s. 187.
Rights of creditors in a voluntary winding up.
ib. s. 188.
COMPANIES.
(iv) the liquidator may, without the sanction of the Court, exercise all powers by this Ordinance given to the liquidator in a winding up by the Court;
(v) the liquidator may exercise the powers of the Court under this Ordinance of settling a list of contributories, and of making calls, and shall pay the debts of the company, and adjust the rights of the contributories among themselves;
(vi) the list of contributories shall be prima facie evidence of the liability of the persons named therein to be contributories;
(vii) when several liquidators are appointed, every power hereby given may be exercised by such one or more of them as may be determined at the time of their appointment, or in default of such determination by any number not less than two;
(viii) if from any cause whatever there is no liquidator acting, the Court may, on the application of a contributory, appoint a liquida- tor;
(ix) the Court may, on cause shown, remove a liquidator, and appoint another liquidator.
180. (1) The liquidator in a voluntary winding-up shall, within 5 weeks after his appointment, file with the Registrar of Companies a notice of his appointment in the form prescribed by the Governor.
(2) If the liquidator fails to comply with the requirements of this section he shall be liable to a fine not exceeding 50 dollars for every day during which the default continues.
181.-(1) Every liquidator appointed by a company in a voluntary winding-up shall, within 3 weeks from his appointment, send notice by registered post to the Official Receiver and to all persons who appear to him to be creditors of the company that a meeting of the creditors of the company will be held on a date, not being less than 4 nor more than 5 weeks after his appointment, and at a place and hour, to be specified in the notice, and shall also advertise notice of the meeting once in the Gazette and once at least in two local news- papers circulating in the district where the principal place of busi- ness of the company was situate.
(2) At the meeting to be held in pursuance of the foregoing pro- visions of this section at which the Official Receiver shall have the right to be present and to speak the creditors shall determine whether an application shall be made to the Court for the appoint- ment of any person as liquidator in the place of or jointly with the
Page 90Page 91
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