984
Voluntary winding up—continued
delegation of authority, 240
liability of, 264
power to prosecute directors, 257
vacancy in office of, 233, 234, 266
liquidator, powers of, 240. And see Liquidator
actions, stay of, by, 238
appointment of, on a, 234, 235
to accept shares, 493
to apply to the Court, 263
to call general meeting, 240, 255
to take possession of company’s books, etc., 240
when must pay stamp duty, 378
meetings summoned by liquidator, 255
members’, 234
creditors’ meeting, need not be held in, 234
directors, must make declaration of solvency, 231
liquidator, general meeting may appoint, 234
powers of directors in, 234
registrar, declaration of solvency to be delivered to, 231
remuneration of liquidator, 237
solvency, declaration of, necessary, 231
vacancy in office of liquidator, 234, 266
misfeasance proceedings, 247
notice of resolution, 233
onerous property, disclaimer of, 242
preferential payments, 259
priority of debts, 258
private examination in, 247
proof of debts in, 249
affidavit, by, 250
moral claim not admissible, 250
notice to creditors, 249, 250
what debts admissible, 250
who need prove in, 249
prosecution of directors, etc., by liquidator, 257
Public Prosecutor, report by liquidator to, 257
reconstruction, for purposes of, creditors meeting, 212
members’ voluntary winding-up, not now necessary in case
of, 212
resolutions for, 230, 231
Rules (Winding Up), 1929, 233 ef seq.
secured creditors, 251
servants, dismissal of, on, 233
set off, in, 254
contributory, not by a, 255
secus if bankrupt, 255
sheriff, goods seized by, delivery up of, when obtainable, 249
solvency, declaration of, necessary for members’, 231
stamp duty arising in, liquidator to pay, 378
stay of actions, as to, 238
trade of company ceases on a, 233
liquidator’s duties, 245
transfers, how affected by, 253
unlimited liability of directors, etc., in case of fraud, 258
Votes
articles may provide as to, 21, 28, 38
board meetings, at, 150

INDEX