COMPANIES.
No. 58 of 1911.
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year for winding up the company by or subject to the supervision of the court, the special resolution shall not be valid unless sanctioned by the court.
(6) For the purposes of an arbitration under this section, the provisions of the Companies Clauses Consolidation Act, 8 Viet. c. 16. 1845, with respect to the settlement of disputes by arbitration, shall be incorporated with this Ordinance. In the construction of such provisions, this Ordinance shall be deemed to be the special Act, and "the company" shall mean the transferor company, and the words "the Board of Trade" shall be read as meaning the Governor, and any appointment by the said incorporated provisions directed to be made under the hand of the secretary, or any two of the directors, may be made under the hand of the liquidator, if only one, or any two or more of the liquidators if more than one.
(7) The words "transferee company" shall include any company whether incorporated in or outside the Colony.
186.--(1) Where a company is being wound up voluntarily, the liquidator or any contributory or creditor or the Official Receiver may apply to the court to determine any questions arising in the winding-up, or to exercise, as respects the enforcing of calls, or any other matter, all or any of the powers which the court might exercise if the company were being wound up by the court.
(2) The court, if satisfied that the determination of the question or the required exercise of power will be just and beneficial, may accede wholly or partially to the application on such terms and conditions as the court thinks fit, or may make such other order on the application as the court thinks just.
187.-(1) Where a company is being wound up voluntarily, the liquidator may summon general meetings of the company for the purpose of obtaining the sanction of the company by special or extraordinary resolution, or for any other purposes he may think fit.
(2) In the event of the winding-up continuing for more than one year, the liquidator shall summon a general meeting of the company at the end of the first year from the commencement of the winding-up, and of each succeeding year, or as soon thereafter as may be convenient, and shall
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Page 106
COMPANIES.
No. 58 of 1911.
2105
year for winding up the company by or subject to the supervision of the court, the special resolution shall not be valid unless sanctioned by the court.
(6) For the purposes of an arbitration under this section, the provisions of the Companies Clauses Consolidation Act, 8 Viet. e. 16. 1845, with respect to the settlement of disputes by arbitration, shall be incorporated with this Ordinance. In the construc- tion of such provisions, this Ordinance shall be deemed to be the special Act, and "the company" shall mean the transferor company, and the words "the Board of Trade" shall be read as meaning the Governor, and any appointment by the said incorporated provisions directed to be made under the hand of the secretary, or any two of the directors, may be made under the hand of the liquidator, if only one, or any two or more of the liquidators if more than one.
(7) The words "transferee company
"shall include any company whether incorporated in or outside the Colony.
court.
186.--(1) Where a company is being wound up voluntarily, Power to the liquidator or any contributory or creditor or the Official apply to Receiver may apply to the court to determine any questions Edw. 7, arising in the winding-up, or to exercise, as respects the c. 69, s. 193. enforcing of calls, or any other matter, all or any of the powers which the court might exercise if the company were being wound up by the court.
(2) The court, if satisfied that the determination of the question or the required exercise of power will be just and beneficial, may accede wholly or partially to the application on such terms and conditions as the court thinks fit, or may make such other order on the application as the court thinks just.
187.-(1) Where a company is being wound up voluntarily, Power of the liquidator may summon general meetings of the company liquidator to
call general for the purpose of obtaining the sanction of the company by meeting. special or extraordinary resolution, or for any other purposes 8 Edw. 7, he may think fit.
(2) In the event of the winding-up continuing for more than one year, the liquidator shall summon a general meeting of the company at the end of the first year from the commencement of the winding-up, and of each succeeding year, or as soon thereafter as may be convenient, and shall
c. 69, s. 194.
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