194
CAP. 32]
Companies
[1984 Ed.
with the provisions of the order; but, subject to the provisions of this subsection, the alterations or additions made by the order shall be of the same effect as if duly made by resolution of the company and the provisions of this Ordinance shall apply to the memorandum or articles as so altered or added to accordingly.
(4) An office copy of any order under this section altering or adding to, or giving leave to alter or add to, a company's memorandum or articles shall, within 14 days after the making thereof, be delivered by the company to the Registrar for registration; and if a company makes default in complying with this subsection, the company and every officer of the company who is in default shall be liable to a default fine of $50.
(5) The personal representative of a person who, at the date of his death, was a member of a company, or any trustee of, or person beneficially interested in, the shares of a company by virtue of the will or intestacy of any such person, may apply to the court under subsection (1) for an order under this section and, accordingly, any reference in that subsection to a member of a company shall be construed as including a reference to any such personal representative, trustee or person beneficially interested.
(6) Section 296 shall apply in relation to a petition under this section as it applies in relation to a winding-up petition.
(! Added, 51 of 1978, s. 6)
PART V
Modes of winding up.
1929 c. 23, s. 156.
Liability as contributories of present and past members.
1929 c. 23. s. 157.
WINDING UP
(1) PRELIMINARY
Modes of Winding Up
169. (1) The winding up of a company may be either—
(a) by the court; or
(b) voluntary. (Amended, 6 of 1984, s. 126)
(2) The provisions of this Ordinance with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes.
Contributories
170. (1) In the event of a company being wound up, every present and past member shall be liable to contribute to the assets of the company to an amount sufficient for payment of its debts and liabilities, and the costs, charges, and expenses of the winding up, and for the adjustment of the rights of the contributories among themselves, subject to the provisions of subsection (2) and the following qualifications--
194
CAP. 32]
Companies
[1984 Ed.
with the provisions of the order; but, subject to the provisions of this subsection, the alterations or additions made by the order shall be of the same effect as if duly made by resolution of the company and the provisions of this Ordinance shall apply to the memorandum or articles as so altered or added to accordingly.
(4) An office copy of any order under this section altering or adding to, or giving leave to alter or add to, a company's memoran- dum or articles shall, within 14 days after the making thereof, be delivered by the company to the Registrar for registration; and if a company makes default in complying with this subsection, the company and every officer of the company who is in default shall be liable to a default fine of $50.
(5) The personal representative of a person who, at the date of his death, was a member of a company, or any trustee of, or person beneficially interested in, the shares of a company by virtue of the will or intestacy of any such person, may apply to the court under subsection (1) for an order under this section and, accordingly, any reference in that subsection to a member of a company shall be construed as including a reference to any such personal representa- tive, trustee or person beneficially interested.
(6) Section 296 shall apply in relation to a petition under this section as it applics in relation to a winding-up petition.
! Added, 51 of 1978, s. 6)
PART V
Modes of winding up.
1929 c. 23, s. 156.
Liability as contributories of present and past members.
1929 c. 23. s. 157.
WINDING UP
(1) PRELIMINARY
Modes of Winding Up
169. (1) The winding up of a company may be either—
(a) by the court; or
(b) voluntary. (Amended, 6 of 1984, s. 126)
(2) The provisions of this Ordinance with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes.
Contributories
170. (1) In the event of a company being wound up, every present and past member shall be liable to contribute to the assets of the company to an amount sufficient for payment of its debts and liabilities, and the costs, charges, and expenses of the winding up, and for the adjustment of the rights of the contributories among themselves, subject to the provisions of subsection (2) and the following qualifications--
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