Companies.
·
the Registrar a copy of the account, and shall make a return to him of the holding of the meetings and of their dates, and if the copy is not sent or the return is not made in accordance with this subsection the liquidator shall be liable to a fine of fifty dollars for every day during which the default continues : Provided that, if a quorum is not present at either such meeting, the liquidator shall, in lieu of the return hereinbefore mentioned, make a return that the meeting was duly summoned and that no quorum was present thereat, and upon such a return being made the provisions of this subsection as to the making of the return shall, in respect of that meeting, be deemed to have been complied with.
(4) The Registrar on receiving the account and in respect of each such meeting either of the returns hereinbefore mentioned shall forthwith register them, and on the expiration of three months from the registration thereof the company shall be deemed to be dissolved: Provided that the court may, on the application of the liquidator or of any other person who appears to the court to be interested, make an order deferring the date at which the dissolution of the company is to take effect for such time as the court thinks fit.
(5) It shall be the duty of the person on whose application an order of the court under this section is made, within seven days after the making of the order, to deliver to the Registrar an office copy of the order for registration, and if that person fails so to do he shall be liable to a fine of fifty dollars for every day during which the default continues.
Provisions applicable to every Voluntary Winding Up.
[234
[CAP. 32
to every
applicable
voluntary
234. The provisions contained in the eight sections of Provisions this Ordinance next following shall apply to every voluntary winding up whether a members' or a creditors' winding up.
[235
235. Subject to the provisions of this Ordinance as to preferential payments, the property of a company shall, on its winding up, be applied in satisfaction of its liabilities
ibid. s. 246.
Distribution of company. c. 23, s. 247.
of property
19 & 20 Geo. 5,
153
Companies.
·
the Registrar a copy of the account, and shall make a return to him of the holding of the meetings and of their dates, and if the copy is not sent or the return is not made in accordance with this subsection the liquidator shall be liable to a fine of fifty dollars for every day during which the default continues : Provided that, if a quorum is not present at either such meeting, the liquidator shall, in lieu of the return hereinbefore mentioned, make a return that the meeting was duly summoned and that no quorum was present thereat, and upon such a return being made the provisions of this subsection as to the making of the return shall, in respect of that meeting, be deemed to have been complied with.
(4) The Registrar on receiving the account and in respect of each such meeting either of the returns herein- before mentioned shall forthwith register them, and on the expiration of three months from the registration thereof the company shall be deemed to be dissolved: Provided that the court may, on the application of the liquidator or of any other person who appears to the court to be interested, make an order deferring the date at which the dissolution of the company is to take effect for such time as the court thinks fit.
(5) It shall be the duty of the person on whose application an order of the court under this section is made, within seven days after the making of the order, to deliver to the Registrar an office copy of the orders for registra- tion, and if that person fails so to do he shall be liable to a fine of fifty dollars for every day during which the default continues.
Provisions applicable to every Voluntary Winding Up.
[234
[CAP. 32
to every
applicable
voluntary
234. The provisions contained in the eight sections of Provisions this Ordinance next following shall apply to every volun- tary winding up whether a members' or a creditors' winding up. winding up.
[235
235. Subject to the provisions of this Ordinance as to preferential payments, the property of a company shall, on its winding up, be applied in satisfaction of its liabilities
ibid. s. 246.
Distribution of company. c. 23, s. 247.
of property
19 & 20 Geo. 5,
153
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