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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680 SECRETARIAL PRACTICE at which the resolution for voluntary winding up is passed or at any time subsequently in general meeting, appoint such number of persons as they think fit to act as members of the committee not exceeding five in number: Provided that the creditors may, if they think fit, resolve that all or any of the persons so appointed by the company ought not to be members of the committee of inspection, and, if the creditors so resolve, the persons mentioned in the resolution shall not, unless the court otherwise directs, be qualified to act as members of the committee, and on any application to the court under this provision the court may, if it thinks fit, appoint other persons to act as such members in place of the persons mentioned in the resolution. (2) Subject to the provisions of this section and to general rules, the provisions of sections one hundred and ninety-nine (except subsection (1) ) and two hundred and one of this Act shall apply with respect to a committee of inspection appointed under this section as they apply with respect to a committee of inspection appointed in a winding up by the court. Fixing of liquidators’ remuneration and cesser of directors’ powers. 241.—(x) The committee of inspection, or if there is no such committee, the creditors, may fix the remuneration to be paid to the liquidator or liquidators. (2) On the appointment of a liquidator, all the powers of the directors shall cease, except so far as the committee of inspection, or if there is no such committee, the creditors. sanction the con- tinuance thereof Power to fill 242. If a vacancy occurs, by death, resignation or otherwise, in amo the office of a liquidator, other than a liquidator appointed by, or by the direction of, the court. the creditors may fill the vacancy. 243. The provisions of section two hundred and thirty-four of this Act shall apply in the case of a creditors’ voluntary winding up as in the case of a members’ voluntary winding up, with the modi- fication that the powers of the liquidator under the said section shall not be exercised except with the sanction either of the court or of the committee of inspection. Duty of 244—(1) In the event of the winding up continuing for more a than one year, the liquidator shall summon a general meeting of the of company and company and a meeting of creditors at the end of the first year of guagiiiars at . from the commencement of the winding up, and of each succeeding year, or as soon thereafter as may be convenient, and shall lay before the meetings an account of his acts and dealings and of the conduct of the winding up during the preceding year. (2) If the liquidator fails to comply with this section, he shall be liable to a fine not exceeding ten pounds. Final meeting 245.—(1) As soon as the affairs of the company are fully wound and dissolution. yp the liquidator shall make up an account of the winding up, showing how the winding up has been conducted and the property of the companv has been disposed of. and thereupon shall call a

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