COMPANIES ACT, 1929

I

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,

Supplementary Provisions as to Winding up.

278.—(1) A body corporate shall not be qualified for appoint-
ment as liquidator of a company, whether in a winding up by or
under the supervision of the court or in a voluntary winding up, and
any appointment made in contravention of this provision shall be
void.

Disqualification
for appointment
as liquidator.

(2) Nothing in this section shall disqualify a body corporate
from acting as liquidator of a company if acting under an appoint-
ment made before the third day of August, nineteen hundred and
twenty-eight, but subject as aforesaid any body corporate which acts
as liquidator of a company shall be liable to a fine not exceeding one
hundred pounds.

(3) In the application of this section to Scotland the expression
“body corporate ’’ does not include a firm.

279.—(1) If any liquidator, who has made any default in filing, Enforcement of
delivering or making any return, account or other document, or in [uy of liquida-
giving any notice which he is by law required to file, deliver, make returns, &c.
or give, fails to make good the default within fourteen days after
the service on him of a notice requiring him to do so, the court may,
on an application made to the court by any contributory or creditor
of the company or by the registrar of companies, make an order
directing the liquidator to make good the default within such time
as may be specified in the order.

(2) Any such order may provide that all costs of and incidental
to the application shall be borne by the liquidator.

(3) Nothing in this section shall be taken to prejudice the
operation of any enactment imposing penalties on a liquidator
in respect of any such default as aforesaid.

280.—(1) Where a company is being wound up, whether by or Notification that
under the supervision of the court or voluntarily, every invoice, order Bday 1s in
for goods or business letter issued by or on behalf of the company or
a liquidator of the company, or a receiver or manager of the property
of the company, being a document on or in which the name of the
company appears, shall contain a statement that the company is
being wound up.

(2) If default is made in complying with this section, the
company and every director, manager, secretary or other officer of
the company, and everv liquidator of the company and ev~-
receiver or manager, who knowingly and wilfully authorises
permits the default, shal be liable to a fine of twenty pound
281.—(1) In the c=s
registered 1n Englan.
such a company-
(a) every assurance relating solely to freehold or leasehold
property, or to any mortgage, charge or other encumbrance
on, or any estate, right or interest in, anv real or personal

~ winding up by the court of a co
t of a creditors’ voluntary winding

Exemption of
certain docu-
ments from
stamp duty on
winding up of
rompanies.