CAP. 32]
[r. 47 cont.] Form 26.
Failure to
give or keep up security.
R. 58.
Report of Official Receiver to be filed.
Appointment of time for consideration of report.
Companies.
(d) the certificate of the Official Receiver that a liquidator or special manager has given security to his satisfaction shall be filed with the Registrar;
(e) the cost of furnishing the required security by a liquidator or special manager, including any premiums which he may pay to a guarantee society, shall be borne by him personally, and shall not be charged against the assets of the company as an expense incurred in the winding up.
48. (1) If a liquidator or special manager fails to give the required security within the time stated for that purpose in the order appointing him, or any extension thereof, the Official Receiver shall report such failure to the court, who may thereupon rescind the order appointing the liquidator or special manager.
(2) If a liquidator or special manager fails to keep up his security, the Official Receiver shall report such failure to the court, who may thereupon remove the liquidator or special manager, and make such order as to costs as the court shall think fit.
(3) Where an order is made under this rule rescinding an order for the appointment of or removing a liquidator, the court may direct that another liquidator is to be appointed and thereupon the same meetings shall be summoned and the same proceedings may be taken as in the case of a first appointment of a liquidator.
Public Examination.
49. A report made by the Official Receiver pursuant to subsection (2) of section 176 of the Ordinance shall state, in a narrative form, the facts and matters which the Official Receiver desires to bring to the notice of the court, and his opinion as required by the said section.
50. The Official Receiver may apply to the court to fix a day for the consideration of the report, and on such application the court shall appoint a day on which the report shall be considered.
60
CAP. 32]
[r. 47 cont.] Form 26.
Failure to
give or keep up security.
R. 58.
Report of Official Receiver to be filed.
Appointment of time for consideration of report.
Companies.
(d) the certificate of the Official Receiver that a liquidator or special manager has given security to his satisfaction shall be filed with the Regis- trar;
(e) the cost of furnishing the required security by a liquidator or special manager, including any premiums which he may pay to a guarantee society, shall be borne by him personally, and shall not be charged against the assets of the com- pany as an expense incurred in the winding up.
48. (1) If a liquidator or special manager fails to I give the required security within the time stated for that purpose in the order appointing him, or any extension thereof, the Official Receiver shall report such failure to the court, who may thereupon rescind the order appointing the liquidator or special manager.
(2) If a liquidator or special manager fails to keep up his security, the Official Receiver shall report such failure to the court, who may thereupon remove the liquidator or special manager, and make such order as to costs as the court shall think fit.
(3) Where an order is made under this rule rescinding an order for the appointment of or removing a liquida- tor, the court may direct that another liquidator is to be appointed and thereupon the same meetings shall be summoned and the same proceedings may be taken as in the case of a first appointment of a liquidator.
Public Examination.
49. A report made by the Official Receiver pursuant to subsection (2) of section 176 of the Ordinance shall state, in a narrative form, the facts and matters which the Official Receiver desires to bring to the notice of the court, and his opinion as required by the said section.
50. The Official Receiver may apply to the court to fix a day for the consideration of the report, and on such application the court shall appoint a day on which the report shall be considered.
60
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