CAP. 32]
Companies.
[r. 154 cont. In any other case the liquidator shall report to the court the result of the meetings and shall send a report to the Official Receiver and thereupon the court may, upon the application of the liquidator or the Official Receiver, determine whether or not the resignation of the liquidator shall be accepted, and may give such directions and make such orders as in the opinion of the court shall be necessary.
Office of liquidator vacated by his insolvency. R. 166.
Payments out of bank. R. 167.
Special bank account. R. 168. Forms 82 and 83.
155. If a Receiving Order in bankruptcy is made against the liquidator, he shall thereby vacate his office, and for the purposes of the application of the Ordinance and rules shall be deemed to have been removed.
Payments Into and Out of a Bank.
156. All payments out of the company's liquidation account shall be made in such manner as the Accountant General may from time to time direct.
157. (1) Where the liquidator in a winding up by the court is authorized to have a special bank account, he shall forthwith pay all moneys received by him into that account to the credit of the liquidator of the company. All payments out shall be made by cheque payable to order, and every cheque shall have marked or written on the face of it the name of the company, and shall be signed by the liquidator, and shall be countersigned by at least one member of the committee of inspection, and by such other person, if any, as the committee of inspection may appoint.
(2) Where application is made to the Official Receiver to authorize the liquidator in a winding up by the court to make his payments into and out of a special bank account, the Official Receiver may grant such authorization for such time and on such terms as he may think fit, and may at any time order the account to be closed if he is of opinion that the account is no longer required for the purposes mentioned in the application.
Record of proceedings. R. 169.
Books.
158. In a winding up by the court the Official Receiver, until a liquidator is appointed by the court, and thereafter the liquidator, shall keep a record in which he shall record.
92
CAP. 32]
Companies.
[r. 154 cont. In any other case the liquidator shall report to the court the result of the meetings and shall send a report to the Official Receiver and thereupon the court may, upon the application of the liquidator or the Official Receiver, deter- mine whether or not the resignation of the liquidator shall be accepted, and may give such directions and make such orders as in the opinion of the court shall be necessary.
Office of liquidator vacated by his insolvency. R. 166.
Payments
out of bank. R. 167.
Special bank account. R. 168. Forms 82 and 83.
155. If a Receiving Order in bankruptcy is made against the liquidator, he shall thereby vacate his office, and for the purposes of the application of the Ordinance and rules shall be deemed to have been removed.
Payments Into and Out of a Bank.
156. All payments out of the companies liquidation account shall be made in such manner as the Accountant General may from time to time direct.
157. (1) Where the liquidator in a winding up by the court is authorized to have a special bank account, he shall forthwith pay all moneys received by him into that account to the credit of the liquidator of the company. All payments out shall be made by cheque payable to order, and every cheque shall have marked or written on the face of it the name of the company, and shall be signed by the liquidator, and shall be countersigned by at least one member of the committee of inspection, and by such other person, if any, as the committee of inspection may appoint.
(2) Where application is made to the Official Receiver to authorize the liquidator in a winding up by the court to make his payments into and out of a special bank account, the Official Receiver may grant such authorization for such time and on such terms as he may think fit, and may at any time order the account to be closed if he is of opinion that the account is no longer required for the purposes mentioned. in the application.
Record of proceedings. R. 169.
Books.
158. In a winding up by the court the Official Receiver, until a liquidator is appointed by the court, and thereafter the liquidator, shall keep a record in which he shall record.
92
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