1950_COMPANIES_(WINDING-UP)_RULES — Page 55

HK Historical Laws 香港歷史法例 All AI Reviewed
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Companies.

[CAP. 32

of

solicitor.

145. Where the attendance of the liquidator's solicitor Attendance is required on any proceeding in court or chambers, the liquidator's liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend.

Liquidator and Committee of Inspection.

146. (1) The remuneration of a liquidator, unless the Remunera- court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend.

(2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator.

(3) This rule shall only apply to a liquidator appointed in a winding up by the court.

147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever, R. 158. make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person.

148. Neither the liquidator nor any member of the Dealings committee of inspection of a company shall, while acting as R. 159. liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside

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Companies.

[CAP. 32

of

solicitor.

145. Where the attendance of the liquidator's solicitor is required on any proceeding in court or chambers, the liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend.

Liquidator and Committee of Inspection.

146. (1) The remuneration of a liquidator, unless the court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend.

(2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator.

(3) This rule shall only apply to a liquidator appointed in a winding up by the court.

147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person.

148. Neither the liquidator nor any member of the committee of inspection of a company shall, while acting as liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside

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-> further revised to the final output as

Companies.

[CAP. 32

of

solicitor.

145. Where the attendance of the liquidator's solicitor is required on any proceeding in court or chambers, the liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend.

Liquidator and Committee of Inspection.

146. (1) The remuneration of a liquidator, unless the court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend.

(2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator.

(3) This rule shall only apply to a liquidator appointed in a winding up by the court.

147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person.

148. Neither the liquidator nor any member of the committee of inspection of a company shall, while acting as liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside

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Companies. [CAP. 32 of solicitor. 145. Where the attendance of the liquidator's solicitor Attendance is required on any proceeding in court or chambers, the liquidator's liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend. Liquidator and Committee of Inspection. 146. (1) The remuneration of a liquidator, unless the Remunera- court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend. (2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator. (3) This rule shall only apply to a liquidator appointed in a winding up by the court. 147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever, R. 158. make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person. 148. Neither the liquidator nor any member of the Dealings committee of inspection of a company shall, while acting as R. 159. liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside Page 55 Page 56 Page 55 Page 56 Page 55 Page 56 -> revised to Companies. [CAP. 32 of solicitor. 145. Where the attendance of the liquidator's solicitor is required on any proceeding in court or chambers, the liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend. Liquidator and Committee of Inspection. 146. (1) The remuneration of a liquidator, unless the court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend. (2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator. (3) This rule shall only apply to a liquidator appointed in a winding up by the court. 147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person. 148. Neither the liquidator nor any member of the committee of inspection of a company shall, while acting as liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside J 89 Page 55 Page 56 Page 55 Page 56 Page 55 Page 56 -> further revised to the final output as Companies. [CAP. 32 of solicitor. 145. Where the attendance of the liquidator's solicitor is required on any proceeding in court or chambers, the liquidator need not attend in person, except in cases where his presence is necessary in addition to that of his solicitor, or the court directs him to attend. Liquidator and Committee of Inspection. 146. (1) The remuneration of a liquidator, unless the court shall otherwise order, shall be in the nature of a commission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend. (2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator. (3) This rule shall only apply to a liquidator appointed in a winding up by the court. 147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person. 148. Neither the liquidator nor any member of the committee of inspection of a company shall, while acting as liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside J 89 Page 55 Page 56
Baseline (Original)
Companies. [CAP. 32 of solicitor. 145. Where the attendance of the liquidator's solicitor Attendance is required on any proceeding in court or chambers, the liquidator's liquidator need not attend in person, except in cases where R. 156. his presence is necessary in addition to that of his solicitor, or the court directs him to attend. Liquidator and Committee of Inspection. - - tion of R. 157. 146. (1) The remuneration of a liquidator, unless the Remunera- court shall otherwise order, shall be in the nature of a com- liquidator. mission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend. (2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator. (3) This rule shall only apply to a liquidator appointed in a winding up by the court. Limit of remuneration. 147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever, R. 158. make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person. with assets. 148. Neither the liquidator nor any member of the Dealings committee of inspection of a company shall, while acting as R. 159. liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside J 89 Page 55Page 56
2026-05-03 19:02:36 · Baseline
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Companies.

[CAP. 32

of

solicitor.

145. Where the attendance of the liquidator's solicitor Attendance is required on any proceeding in court or chambers, the liquidator's liquidator need not attend in person, except in cases where R. 156. his presence is necessary in addition to that of his solicitor, or the court directs him to attend.

Liquidator and Committee of Inspection.

-

-

tion of

R. 157.

146. (1) The remuneration of a liquidator, unless the Remunera- court shall otherwise order, shall be in the nature of a com- liquidator. mission or percentage of which one part shall be payable on the amount realized, after deducing the sums (if any) paid to secured creditors (other than debenture holders) out of the proceeds of their securities, and the other part on the amount distributed in dividend.

(2) The remuneration of the liquidator shall, unless the court shall otherwise order, be fixed by the scale of fees and percentages for the time being payable on realizations and distributions by the Official Receiver as liquidator.

(3) This rule shall only apply to a liquidator appointed in a winding up by the court.

Limit of

remuneration.

147. Except as provided by the Ordinance or the rules, a liquidator shall not under any circumstances whatever, R. 158. make any arrangement for, or accept from any solicitor, auctioneer, or any other person connected with the company of which he is liquidator, or who is employed in or in connexion with the winding up of the company, any gift, remuneration, or pecuniary or other consideration or benefit whatever beyond the remuneration to which under the Ordinance and the rules he is entitled as liquidator, nor shall he make any arrangement for giving up, or give up any part of such remuneration to any such solicitor, auctioneer, or other person.

with assets.

148. Neither the liquidator nor any member of the Dealings committee of inspection of a company shall, while acting as R. 159. liquidator or member of such committee, except by leave of the court, either directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside

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