CAP. 32]
[s. 211 cont.]
Dissolution
of company.
Companies.
(e) the fixing of a time within which debts and claims
must be proved;
to be exercised or performed by the liquidator as an officer of the court, and subject to the control of the court: 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.
[212
212. (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.
19 & 20 Geo. 5, c. 23, s. 221.
(2) The order shall within fourteen days from the date thereof 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 of fifty dollars for every day during which he is in default.
[213
Circumstances in which company may be wound up voluntarily.
19 & 20 Geo. 5, c. 23, s. 225.
(iii) VOLUNTARY WINDING UP.
Resolutions for, and commencement of Voluntary Winding Up.
213. (1) A company may be wound up voluntarily—
(a) when the period, if any, for the duration of the
company by the articles expires, or the event, if any, occurs, on the occurrence of which the articles provide that the company is to be dissolved, and the company in general meeting has passed a resolution requiring the company to be wound up voluntarily;
(b) if the company resolves by special resolution that
the company be wound up voluntarily;
(c) if the company resolves by extraordinary resolution to the effect that it cannot by reason of its liabilities continue its business, and that it is advisable to wind up.
144
САР. 32]
[s. 211 cont.]
Dissolution
of company.
Companies.
(e) the fixing of a time within which debts and claims
must be proved;
to be exercised or performed by the liquidator as an officer of the court, and subject to the control of the court: Pro- vided 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.
[212
212. (1) When the affairs of a company have been com- 19 & 20 Geo. 5, pletely 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.
c. 23, s. 221.
(2) The order shall within fourteen days from the date thereof 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 of fifty dollars for every day during which he is in default. [213
Circumstances in which com- pany may be wound up voluntarily. 19 & 20 Geo. 5,
c. 23, s. 225.
(iii) VOLUNTARY WINDING UP.
Resolutions for, and commencement of Voluntary Winding Up.
213. (1) A company may be wound up voluntarily—
(a) when the period, if any, for the direction of the
company by the articles expires, or the event, if any, occurs, on the occurrence of which the articles provide that the company is to be dissolved, and the company in general meeting has passed a resolu- tion requiring the company to be wound up volun- tarily ;
(b) if the company resolves by special resolution that
the company be wound up voluntarily;
(c) if the company resolves by extraordinary resolu- tion to the effect that it cannot by reason of its liabilities continue its business, and that it is advisable to wind up.
144
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