218
CAP. 32]
Companies
[1984 Ed.
(Cap. 32, sub. leg.)
Appointment of liquidator and committee of inspection.
the large number of creditors or contributories or for any other reason the interest of the creditors so requires, it may, on or after the making of a winding up order, order that the winding up of the company by the court shall be regulated specially by the court, and such order shall be known as a regulating order. (Amended, 6 of 1984, s. 159)
(2) Where a regulating order is made it shall be published in such manner as the court may direct, and sections 227B to 227E inclusive shall apply to the winding up.
(3) Where a regulating order is made the Companies (Winding-up) Rules shall apply mutatis mutandis to the Official Receiver, liquidator and committee of inspection appointed or acting after the making of a regulating order, and to the conduct of any ballot or other proceedings ordered by the court under section 227C or 227D.
(4) Where any order made under section 227B, 227C or 227D prescribes any procedure it shall be deemed to be in substitution for the procedure which would be required by this Ordinance but for the making of such order, and in particular where any such order prescribes a procedure for doing something which would otherwise be done at a meeting of creditors or contributories no such meeting shall be required to be held.
(Added, 22 of 1965, s. 2)
227B. (1) The court may on the application of the Official Receiver by order...
(a) dispense with the summoning of first meetings of creditors and contributories as required under sections 194 and 206 for the purpose of considering the appointment of a liquidator and a committee of inspection;
(b) appoint the Official Receiver or such other person or persons recommended by him as liquidator or liquidators; and
(c) appoint such qualified persons as it thinks fit as a committee of inspection, and may remove any member thereof and fill any vacancy therein.
(2) Where under subsection (1) the court makes any appointment of a liquidator or a committee of inspection, or where it removes any member of such committee of inspection or fills any vacancy therein, it shall not be necessary to ascertain the wishes of the creditors or contributories, and the provisions of section 194(b) or 206(1) and (2) or 207(6) and (7), as the case may be, shall cease to apply and any action taken under such provisions in respect of any appointment of a liquidator or committee of inspection or any removal therefrom or any filling of any vacancy therein shall cease to have effect.
(Added, 22 of 1965, s. 2)
..
218
CAP. 32]
Companies
[1984 Ed.
(Cap. 32, sub. leg.)
Appointment of liquidator and committee of
inspection.
the large number of creditors or contributories or for any other reason the interest of the creditors so requires, it may, on or after the making of a winding up order, order that the winding up of the company by the court shall be regulated specially by the court, and such order shall be known as a regulating order. (Amended, 6 of 1984, s. 159)
(2) Where a regulating order is made it shall be published in such manner as the court may direct, and sections 227B to 227E inclusive shall apply to the winding up.
(3) Where a regulating order is made the Companies (Winding-up) Rules shall apply mutatis mutandis to the Official Receiver, liquidator and committee of inspection appointed or acting after the making of a regulating order, and to the conduct of any ballot or other proceedings ordered by the court under section 227C or 227D.
(4) Where any order made under section 227B, 227C or 227D prescribes any procedure it shall be deemed to be in substitution for the procedure which would be required by this Ordinance but for the making of such order, and in particular where any such order prescribes a procedure for doing something which would otherwise be done at a meeting of creditors or contributories no such meeting shall be required to be held.
! Added, 22 of 1965, s. 2)
227B. (1) The court may on the application of the Official Receiver by order...
(a) dispense with the summoning of first meetings of creditors and contributories as required under sections 194 and 206 for the purpose of considering the appointment of a liquidator and a committee of inspection;
(b) appoint the Official Receiver or such other person or persons recommended by him as liquidator or liquidators; and
(c) appoint such qualified persons as it thinks fit as a commit- tee of inspection, and may remove any member thereof and fill any vacancy therein.
(2) Where under subsection (1) the court makes any appoint- ment of a liquidator or a committee of inspection, or where it removes any member of such committee of inspection or fills any vacancy therein, it shall not be necessary to ascertain the wishes of the creditors or contributories, and the provisions of section 194(b) or 206(1) and (2) or 207(6) and (7), as the case may be, shall cease to apply and any action taken under such provisions in respect of any appointment of a liquidator or committee of inspection or any removal therefrom or any filling of any vacancy therein shall cease to have effect.
(Added. 22 of 1965, s. 2)
..
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