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, 192¢ 683 262. In the winding up of an insolvent company registered in England the same rules shall prevail and be observed with regard to the respective rights of secured and unsecured creditors and to debts provable and to the valuation of annuities and future and contingent liabilities as are in force for the time being under the law of bankruptcy in England with respect to the estates of persons adjudged bankrupt, and all persons who in any such case would be entitled to prove for and receive dividends out of the assets of the company may come in under the winding up, and make such claims against the company as they respectively are entitled to by virtue of this section. 263. In the winding up of a company registered in Scotland, the Ranking of following provisions of the Bankruptcy (Scotland) Act, 1913, that Saums in is to say, 3 & 4 Geo. 5 (a) the provisions of sections forty-five to sixty-two regarding “*> voting and ranking for payment of dividends; sections ninety-six and one hundred and five, which respectively relate to the reckoning of majorities and {0 the interruption of prescription; shall so far as is consistent with this Act apply in like manner as they apply in the sequestration of a bankrupt’s estate, with the substitution of references to winding up for references to sequestra- tion, of references to the court for references to the sheriff, of references to the liquidator for references to the trustee, and of references to the company for references to the bankrupt, and with any other necessary modifications. 264.—(1) In a winding up there shall be paid in priority to all other debts— (a) All parochial or other local rates due from the company at the relevant date, and having become due and payable within twelve months next before that date, and all assessed taxes, land tax, property or income tax assessed on the company up to the fifth day of April next before that date, and not exceeding in the whole one year’s assessment; All wages or salary (whether or not earned wholly or in part by way of commission) of any clerk or servant in respect of services rendered to the company during four months next before the relevant date, not exceeding fifty pounds; All wages of any workman or labourer not exceeding twenty-five pounds, whether payable for time or for piece work, in respect of services rendered to the company during two months next before the relevant date: Provided that, where any labourer in husbandry has entered into a contract for the payment of a portion of his wages in a lump sum at the end of the year of hiring, he shall have priority in respect of the whole of such sum, or a part thereof, as the court may decide to be due under the contract, proportionate to the time of service up to the relevant date: Application of bankruptcy rules n winding up of nsolvent English com- sanies. yp

Access restriction

Copyright

fullscreen: Secretarial practice

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation