COMPANIES ACT, 1929

667

secutive meetings of the committee without the leave of those
members who together with himself represent the creditors or
contributories, as the case may be, his office shall thereupon become
vacant.
(6) A member of the committee may be removed by an ordinary
resc’ution at a meeting of creditors, if he represents creditors, or of
contributories, if he represents contributories, of which seven days’
notice has been given, stating the object of the meeting.

(7) On a vacancy occurring in the committee the liquidator
shall forthwith summon a meeting of creditors or of contributories,
as the case may require, to fill the vacancy, and the meeting may, by
resolution, re-appoint the same or appoint another creditor or con-
tributory to fill the vacancy.

(8) The continuing members of the committee, if not less than
two. may act notwithstanding any vacancy in the committee.
200. Where in the case of a winding up in England there is no
committee of inspection, the Board of Trade may, on the application
of the liquidator, do any act or thing or give any direction or per-
mission which is by this Act authorised or required to be done or
given by the committee.

201. In the case of a winding up in Scotland, the committee of
inspection shall, in addition to the powers and duties conferred and
imposed on it by this Act, have such of the powers and duties of
commissioners on a bankrupt estate as may be conferred and imposed
on committees of inspection by general rules.

General Powers of Court in case of Winding-up by Court.

202.—(1) The court may at any time after an order for winding
up, on the application either of the liquidator, or the official receiver,
or any creditor or contributory, and on proof to the satisfaction of
the court that all proceedings in relation to the winding up ought
to be stayed, make an order staying the proceedings, either alto-
gether or for a limited time, on such terms and conditions as the
court thinks fit.

(2) On any application under this section the court may, before
making an order, require the official receiver to furnish to the court
a report with respect to any facts or matters which are in his opinion
relevant to the application.

Powers of Board
»f Trade in Eng-
land where no
committee of
inspection.

Additional
powers of com-
mittee of inspec-
ion in Scotland.

Power to stay
winding up.

203.—(x) As soon as may be after making a winding-up order, the settlement of
court shall settle a list of contributories, with power to rectify the ig ang a
register of members in all cases where rectification is required in plication of
pursuance of this Act, and shall cause the assets of the company to assets.
be collected, and applied in discharge of its liabilities:

Provided that, where it appears to the court that it will not be
necessary to make calls on or adjust the rights of contributories. the
ourt may dispense with the settlement of a list of contributories.