COMPANIES,
No. 58 of 1911.
2081
to married
Worch.
129.--(1) The husband of a female contributory married before the 1st day of January, 1883, shall, during the continuance of the marriage, be liable, as respects any liability attaching to any shares acquired by her before that date, to contribute to the assets of the company the same sum as she would have been liable to contribute if she had not married, and he shall be a contributory accordingly.
(2) Subject as aforesaid, nothing in this Ordinance shall affect the provisions of the Married Women's Property Ordinance, 1906.
Winding-up by court.
130. A company may be wound up by the court
Circumstances in
(i) if the company has by special resolution resolved that the company be wound up by the court;
(ii) if default is made in filing the statutory report or in holding the statutory meeting;
(iii) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year;
(iv) if the number of members is reduced, in the case of a private company, below two or, in the case of any other company, below seven;
(v) if the company is unable to pay its debts;
(vi) if the court is of opinion that it is just and equitable that the company should be wound up.
131. A company shall be deemed unable to pay its debts-
Schedule.
Company when deemed unable to pay its debts.
(i) if a creditor, by assignment or otherwise, to whom the company is indebted in a sum exceeding five hundred dollars then due, has served on the company, by leaving the same at its registered office, a demand under his hand requiring the company to pay the sum so due and the company has for two months thereafter neglected to pay the sum, or to secure or compound for it to the reasonable satisfaction of the creditor; or
(ii) if execution or other process issued on a judgment, decree, or order of any court in favour of a creditor of the company is returned unsatisfied in whole or in part; or
COMPANIES,
No. 58 of 1911.
2081
to married
Wonch.
129.--(1) The husband of a female contributory married Provisions as before the 1st day of January, 1883, shall, during the con- tinmance of the marriage, be liable, as respects any liability & Edw. 7 attaching to any shares acquired by her before that date, to c. 69, s. 128. contribute to the assets of the company the same sum as she would have been liable to contribute if she had not married, and he shall be a contributory accordingly.
(2) Subject as aforesaid, nothing in this Ordinance shall Ordinance affect the provisions of the Married Women's Property Ordi- No. 5 of 1906. nance, 1906.
Winding-up by court.
130. A company may be wound up by the court
Circmm-
stances in
(i) if the company has by special resolution resolved that which com- the company be wound up by the court;
pany may he wound up by
court.
(ii) if default is made in filing the statutory report or in 8 Edw. 7, holding the statutory meeting;
(iii) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year;
c. 69, s. 129.
(iv) if the number of members is reduced, in the case of a fej, s. 122A private company, below two or, in the case of any other and Fifth company, below seven;
(v) if the company is unable to pay its debts;
(vi) if the court is of opinion that it is just and equitable
that the company should be wound up.
131. A company shall be deemed unable to pay its debts-
Schedule.}
Company when deemed unable to pay
its debts.
(i) if a creditor, by assignment or otherwise, to whom the company is indebted in a sum exceeding five hundred dollars 8 Edw. 7, then due, has served on the company, by leaving the same c. 69, s. 130. at its registered office, a demand under his hand requiring the company to pay the sum so due and the company has for two months thereafter neglected to pay the sum, or to secure or compound for it to the reasonable satisfaction of the creditor; or
(ii) if execution or other process issued on a judgment, decree, or order of any court in favour of a creditor of the company is returned unsatisfied in whole or in part; or
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