WINDING UP

22¢

property does not vest in the liquidator unless an
order is made under s. 190.
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If an order is made, a statement of affairs must, unless
the Court otherwise orders, be made out and delivered
to the Official Receiver verified by affidavit. The
Official Receiver, subject to the direction of the Court,
will decide who is to submit and verify the statement;
but, as a rule, he will direct this to be done by one or
more directors and the secretary, or other chief officer
's. 181]. As soon as practicable after the statement is
delivered, or if it is dispensed with by the Court, after
the order for winding up is made, the Official Receiver
will submit a preliminary report to the Court in the
matters prescribed by s. 182 (see also Rules 50-55
of the Companies (Winding-up) Rules, 1929).

The Court may at any time after a winding up order
is made, make an order on certain persons, including
the secretary or any other officer of the company, for
delivery to the liquidator of any property in his hands
to which the company is primd facie entitled [s. 204].

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6)

At any time after the provisional liquidator is appointed
or a winding up order is made, the Court may order the
private examination on oath before the Court of any
officer of the company or other person known or
suspected of having in his possession any property of
the company or believed to be capable of giving
information as to its promotion, formation, trade
dealings, affairs or property [s. 214].

If an order is made for winding up by the Court and the
Official Receiver reports that in his opinion a fraud
has been committed in connection with the company
by any promoter, director or officer, the Court may
direct a public examination of the person alleged to
have been fraudulent [s. 216}, or may on the application
of the Official Receiver order that that person shall
not, without the leave of the Court be concerned or take
part in the management of any company for such
period, not exceeding five years from the date ° the
report, as may be specified in the order [s. .-

7)

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The Court may, at any time after an order has been
made, stay the winding up on the application of the
liquidator, the Official Receiver, or any creditor or
contributory on such terms as it thinks fit [s. 2021.