Secretarial practice

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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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708 SECRETARIAL PRACTICE Provisions as to mine club funds 299.—(1) On the winding up of a company within the stannaries, contributions of the miners, artizans, or labourers for the purpose of a mine club, or accident, or sick, or benefit fund shall not be deemed to be, or be applied as part of the assets of the company in liquidation of the debts of the company or otherwise, but shall be accounted for by the purser or any other person in possession of the fund to the liquidator, and shall be recoverable by him, and be applied in accordance with the rules of the club. (2) Where the winding up is a voluntary winding up, any person claiming to be entitled to any such contributions or fund shail have the same right as the liquidator of applying to the court for directions. or to determine anv question arising in the matter. Central Accounts. 300.—(1) An account, to be called the Companies Liquidation Account, shall be kept by the Board of Trade with the Bank of England, and all moneys received by the Board in respect of pro- ceedings under this Act in connexion with the winding up of com- panies in England shall be paid to that account. (2) All payments out of money standing to the credit of the Board of Trade in the Companies Liquidation Account shall be made by the Bank of England in the prescribed manner. Companies Liquidation. Account. Investment of 301.—(1) Whenever the cash balance standing to the credit of Sorplus fuuds on the Companies Liquidation Account is in excess of the amount “ which in the opinion of the Board of Trade is required for the time being to answer demands in respect of companies’ estates, the Board shall notify the excess to the Treasury, and shall pay over the whole or any part of that excess as the Treasury may require, to the Treasury, to such account as the Treasury may direct, and the Treasury may invest the sums paid over, or any part thereof, in Government securities. to be placed to the credit of the said account. (2) When any part of the money so invested is, in the opinion of the Board of Trade, required to answer any demands in respect of companies’ estates, the Board shall notify to the Treasury the amount so required, and the Treasury shall thereupon repay to the Board such sum as may be required to the credit of the Companies Liquidation Account, and for that purpose may direct the sale of such part of the said securities as may be necessary. (3) The dividends on investments under this section shall be paid into the Bankruptcy and Companies Winding-up (Fees) Account established under the Economy (Miscellaneous Provisions) Act. 1026. Separate ac- counts of par- ticular estates. 302.—(1) An account shall be kept by the Board of Trade of the receipts and payments in the winding up of each company in England, and, when the cash balance standing to the credit of the account of any company is in excess of the amount which, in the opinion of the committee of inspection. is required for the time

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