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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15 & 16 Geo. 5. c. 84. 686 SECRETARIAL PRACTICE (d) Unless the company is being wound up voluntarily merely for the purposes of reconstruction or of amalgamation with another company, or unless the company has at the com- mencement of the winding up under such a contract with insurer’s as is mentioned in section seven of the Workmen's Compensation Act, 1925, rights capable of being transferred to and vested in the workman, all amounts due in respect of any compensation or liability for compensation under the said Act accrued before the relevant date ; Unless the company is being wound up voluntarily merely for the purposes of reconstruction or of amalgamation with another company all amounts due in respect of con- tributions payable during the twelve months next before the relevant date by the company as the emplover of any persons under either— (i) the National Health Insurance Acts, 1924 to 1028: z or 15 & 16 Geo. 5. c. 70. : (ii) the Widows’, Orphans’ and Old Age Contributory Pensions Act, 1925; or (iii) the Unemployment Insurance Acts, 1920 to 1929. (2) Where any compensation under the Workmen's Compensa- tion Act, 1925, is a weekly payment, the amount due in respect thereof shall, for the purposes of paragraph (d) of subsection (1) of this section, be taken to be the amount of the lump sum for which the weekly payment could, if redeemable, be redeemed if the employer made an application for that purpose under the said Act. (3) Where any payment on account of wages or salary has been made to any clerk, servant, workman or labourer in the employment of a company out of money advanced by some person for that purpose that person shall in‘a winding up have a right of priority in respect of the money so advanced and paid up to the amount by which the sum in respect of which that clerk, servant, workman or labourer would have been entitled to priority in the winding up has been diminished by reason of the payment having been made. (4) The foregoing debts shall— (2) Rank equally among themselves and be paid in full, unless the assets are insufficient to meet them, in which case they shall abate in equal proportions; and In the case of a company registered in England, so far as the assets of the company available for payment of general creditors are insufficient to meet them, have priority over the claims of holders of debentures under any floating charge created by the company, and be paid accordingly out of any propertv comprised in or subiect to that charge. (5) Subject to the retention of such sums as may be necessary for the costs and expenses of the winding up, the foregoing debts shall be discharged forthwith so far as the assets are sufficient to meet them and in the case of the debts to which priority is given by paragraph

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