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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682 SECRETARIAL PRACTICE Powers and 248.— (1) The liquidator may— es of qui: (2) in the case of a members’ voluntary winding up, with the tary winding up. sanction of an extraordinary resolution of the company, and, in the case of a creditors’ voluntary winding up, with .the sanction of either the court or the committee of inspection, exercise any of the powers given by paragraphs (d), (¢) and (f) of subsection (1) of section one hundred and ninety-one of this Act to a liquidator in a winding up by the court: without sanction, exercise any of the other powers by this Act given to the liquidator in a winding up by the court: exercise the power of the court under this Act of settling a list of contributories, and the list of contributories shall be prima facie evidence of the liability of the persons named therein to be contributories: exercise the power of the court of making calls: summon general meetings of the company for the purpose of obtaining the sanction of the company by special or extraordinary resolution or for anv other purpose he may think fit. (2) The liquidator shall pay the debts of the company and shall adjust the rights of the contributories among themselves. (3) When several liquidators are appointed, any power given by this Act may be exercised by such one or more of them as may be determined at the time of their appointment, or, in default of such determination, by any number not less than two. Powerofcourtto 249.—(1) If from any cause whatever there is no liquidator acting, et dam: the court may appoint a liquidator. I vSlumiary (2) The court may, on cause shown, remove a liquidator and appoint another liquidator. Noticeby ~~ 250.—(1) The liquidator shall, within twenty-one days after his Pyuidater kis appointment, deliver to the registrar of companies for registration a notice of his appointment in the form prescribed bv the Board of Trade (¢) (2) If the liquidator fails to comply with the requirements of this section he shall be liable to a fine not exceeding five pounds for every day during which the default continues. Arrangement 251.—(1) Any arrangement entered into between a company Wien binding on about to be, or in the course of being, wound up and its creditors : shall, subject to the right of appeal under this section, be binding on the company if sanctioned by an extraordinary resolution, and on the creditors if acceded to by three-fourths in number and value of the creditors. (2) Any creditor or contributory may, within three weeks from the completion of the arrangement, appeal to the court against it, and the court may thereupon, as it thinks just, amend, vary, or confirm the arrangement.

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