COMPANIES.
No. 58 of 1911.
2097
order costs.
166. The court may, in the event of the assets being insufficient to satisfy the liabilities, make an order as to payment out of the assets of the costs, charges, and expenses incurred in the winding-up in such order of priority as the court thinks just.
8 Edw. 7, c. 69, s. 171.
167.(1) When the affairs of a company have been completely wound up, the court shall make an order that the company be dissolved from the date of the order, and the company shall be dissolved accordingly.
(2) The order shall be reported by the liquidator to the Registrar of Companies who shall make in his books a minute of the dissolution of the company.
(3) If the liquidator makes default in complying with the requirements of this section, he shall be liable to a fine not exceeding fifty dollars for every day during which he is in default.
8 Edw. 7, c. 69, s. 172.
168. General rules may be made for enabling or requiring all or any of the powers and duties conferred and imposed on the court by this Ordinance, in respect of the matters following, to be exercised or performed by the liquidator as an officer of the court, and subject to the control of the court; that is to say, the powers and duties of the court in respect of-
(a) holding and conducting meetings to ascertain the wishes of creditors and contributories;
(b) settling lists of contributories and rectifying the register of members where required, and collecting and applying the assets;
(c) requiring delivery of property or documents to the liquidator;
(d) making calls;
(e) fixing a time within which debts and claims must be proved:
Provided that the liquidator shall not, without the special leave of the court, rectify the register of members, and shall not make any call without either the special leave of the court or the sanction of the committee of inspection.
8 Edw. 7, c. 69, s. 173. (cf. s. 196 (2).)
COMPANIES.
No. 58 of 1911.
2097
order costs.
166. The court may, in the event of the assets being Power to insufficient to satisfy the liabilities, make an order as to 8 Edw. 7, payment out of the assets of the costs, charges, and expenses c. 69, s. 171. incurred in the winding-up in such order of priority as the court thinks just.
of company. 8 7,
167(1) When the affairs of a company have been Dissolution completely wound up, the court shall make an order that g Edw. 7. the company be dissolved from the date of the order, and c. 69, s. 172. the company shall be dissolved accordingly.
(2) The order shall be reported by the liquidator to the Registrar of Companies who shall make in his books a minute of the dissolution of the company.
(3) If the liquidator makes default in complying with the requirements of this section, he shall be liable to a fine not exceeding fifty dollars for every day during which he is in default.
of certain
168. General rules may be made for enabling or requir- Delegation ing all or any of the powers and duties conferred and to liquidator imposed on the court by this Ordinance, in respect of the powers of matters following, to be exercised or performed by the court liquidator as an officer of the court, and subject to the c. 69, s. 173. control of the court; that is to say, the powers and duties (cf. s. 196 (2).] of the court in respect of-
(a) holding and conducting meetings to ascertain the wishes of creditors and contributories;
(b) settling lists of contributories and rectifying the register of members where required, and collecting and applying the assets ;
(c) requiring delivery of property or documents to the liquidator;
(d) making calls;
() fixing a time within which debts and claims must be proved :
Provided that the liquidator shall not, without the special leave of the court, rectify the register of members, and shall not make any call without either the special leave of the court or the sanction of the committee of inspection.
8 Edw. 7,
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