Full text: Secretarial practice

WINDING UP 
22¢ 
property does not vest in the liquidator unless an 
order is made under s. 190. 
4 
If an order is made, a statement of affairs must, unless 
the Court otherwise orders, be made out and delivered 
to the Official Receiver verified by affidavit. The 
Official Receiver, subject to the direction of the Court, 
will decide who is to submit and verify the statement; 
but, as a rule, he will direct this to be done by one or 
more directors and the secretary, or other chief officer 
's. 181]. As soon as practicable after the statement is 
delivered, or if it is dispensed with by the Court, after 
the order for winding up is made, the Official Receiver 
will submit a preliminary report to the Court in the 
matters prescribed by s. 182 (see also Rules 50-55 
of the Companies (Winding-up) Rules, 1929). 
The Court may at any time after a winding up order 
is made, make an order on certain persons, including 
the secretary or any other officer of the company, for 
delivery to the liquidator of any property in his hands 
to which the company is primd facie entitled [s. 204]. 
5) 
6) 
At any time after the provisional liquidator is appointed 
or a winding up order is made, the Court may order the 
private examination on oath before the Court of any 
officer of the company or other person known or 
suspected of having in his possession any property of 
the company or believed to be capable of giving 
information as to its promotion, formation, trade 
dealings, affairs or property [s. 214]. 
If an order is made for winding up by the Court and the 
Official Receiver reports that in his opinion a fraud 
has been committed in connection with the company 
by any promoter, director or officer, the Court may 
direct a public examination of the person alleged to 
have been fraudulent [s. 216}, or may on the application 
of the Official Receiver order that that person shall 
not, without the leave of the Court be concerned or take 
part in the management of any company for such 
period, not exceeding five years from the date ° the 
report, as may be specified in the order [s. .- 
7) 
‘8 
The Court may, at any time after an order has been 
made, stay the winding up on the application of the 
liquidator, the Official Receiver, or any creditor or 
contributory on such terms as it thinks fit [s. 2021.
	        
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