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

Usage license:: Get license information via the feedback formular.

COMPANIES ACT, 1929 675 If the company resolves by special resolution that the com- pany be wound up voluntarily: If the company resolves by extraordinary resolution to the effect that it cannot by reason of its liabilities continue its business, and that it is advisable to wind up. (2) In this Act the expression ‘‘a resolution for voluntary winding up’’ means a resolution passed under any of the provisions of subsection (1) of this section. 9) 226.—(1) When a company has passed a resolution for voluntary winding up, it shall, within seven days after the passing of the resolution, give notice of the resolution by advertisement in the Gazette. Notice of reso- ution to wind up voluntarily (2) If default is made in complying with this section, the com- pany and every officer of the company who is in default shall be liable to a default fine, and for the purposes of this subsection the liquidator of the company shall be deemed to be an officer of *t company. 227. A voluntary winding up shall be deemed to commence at Commencement the time of the passing of the resolution for voluntary winding up. A unr Consequences of Voluntary Winding Up. 228. In case of a voluntary winding up, the company shall, from the commencement of the winding up, cease to carry on its business, except so far as may be required for the beneficial winding up thereof: Provided that the corporate state and corporate powers of the company shall, notwithstanding anything to the contrary in its articles, continue until it is dissolved. 229. Any transfer of shares, not being a transfer made to or with the sanction of the liquidator, and any alteration in the status of the members of the company, made after the copmencement of a voluntary winding up, shall be void. Effect of volun- ary winding up on business and status of com- pany. Avoidance of transfers, &c., after commence- ment of volun- tary winding up Declaration of Solvency. 230.—(1) Where it is proposed to wind up a company voluntarily, Statutory de- the directors of the company or, in the case of a company having Haren 3 sl more than two directors, the majority of the directors may, at a proposal to meeting of the directors held before the date on which the notices of pity the meeting at which the resolution for the winding up of the com- ’ pany is to be proposed are sent out, make a statutory declaration to the effect that they have made a full inquiry into the affairs of the company, and that, having so done, they have formed the opinion that the company will be able to pay its debts in full within a period, not exceeding twelve months, from the commencement of the winding un

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