Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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568 SECRETARIAL PRACTICE (2) In settling the list of contributories, the court shall dis- tinguish between persons who are contributories in their own right and persons who are contributories as being representatives of or liable for the debts of others. Delivery of property to liquidator. Payment of debts due by contributory to company and extent to which set-off allowed. Power of court to make calls. 204. The court may, at any time after making a winding-up order, require any contributory for the time being on the list of contribu- tories, and any trustee, receiver, banker, agent or officer of the company to pay, deliver, convey, surrender, or transfer forthwith, or within such time as the court directs, to the liquidator any money, property, or books and papers in his hands to which the company is primé facie entitled. 205.—(1) The court may, at any time after making a winding-up order, make an order on any contributory for the time being on the list of contributories to pay, in manner directed by the order, any money due from him or from the estate of the person whom he represents to the company, exclusive of any money payable by him or the estate by virtue of any call in pursuance of this Act. (2) The court in making such an order may— (a) in the case of an unlimited company, allow to the con- tributory by way of set-off any money due to him or to the estate which he represents from the company on any independent dealing or contract with the company, but not any money due to him as a member of the company in respect of any dividend or profit; and in the case of a limited company, make to any director or manager whose liability is unlimited or to his estate the like allowance. (3) In the case of any company, whether limited or unlimited, when all the creditors are paid in full, any money due on any account whatever to a contributory from the company may be allowed to him bv wav of set-off against anv subsequent call. (b) 206.—(1) The court may, at any time after making a winding-up order, and either before or after it has ascertained the sufficiency of the assets of the company, make calls on all or any of the contri- butories for the time being settled on the list of the contributories to the extent of their liability, for payment of any money which the court considers necessary to satisfy the debts and liabilities of the company, and the costs, charges, and expenses of winding up, and for the adjustment of the rights of the contributories among them- selves, and make an order for payment of any calls so'made. (2) In making a call the court may take into consideration the probability that some of the contributories may partly or wholly fail to pay the call. Payrient into 207.—(1) The court may order any contributory, purchaser or Sue to company, Other person from whom money is due to the company to pay the amount due into the Bank of England or any branch thereof to the

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