Full text: Secretarial practice

COMPANIES ACT, 1929 
656 
the court orders that no statement shall be submitted, as soon as 
practicable after the date of the order, submit a preliminary report 
to the court— 
(a) as to the amount of capital issued, subscribed, and paid up, 
and the estimated amount of assets and liabilities; and 
(6) if the company has failed, as to the causes of the failure; 
and 
whether in his opinion further inquiry is desirable as to 
any matter relating to the promotion, formation, or failure 
of the company, or the conduct of the business thereof. 
(2) The official receiver may also, if he thinks fit, make a further 
report, or further reports, stating the manner in which the company 
was formed and whether in his opinion any fraud has been committed 
by any person in its promotion or formation, or by any director or 
other officer of the company in relation to the gompany since the 
formation thereof, and any other matters which in his opinion it is 
desirable to bring to the notice of the court. 
(3) If the official receiver states in any such further report as 
aforesaid that in his opinion a fraud has been committed as aforesaid, 
the court shall have the further powers provided in sections two 
hundred and sixteen and two hundred and seventeen of this Act. 
Liquidators. 
183. For the purpose of conducting the proceedings in winding Power of court 
: . 5 to appoint 
up a company and performing such duties in reference thereto as liquidators. 
the court may impose, the court may appoint a liquidator or 
liquidators. 
184.—(1) Subject to the provisions of this section, the court may 
appoint a liquidator provisionally at any time after the presentation 
of a winding-up petition. 
(2) Where the proceedings are in England, the appointment of 
a provisional liquidator may be made at any time before the making 
of a winding up order, and either the official receiver or any other fit 
person may be appointed. 
(3) Where the proceedings are in Scotland, the appointment 
of a provisional liquidator may be made at anv time before the 
first appointment of liquidators. 
(4) Where a liquidator is provisionally appointed by the court, 
the court may limit and restrict his powers by the order appointing 
him. 
185. The following provisions with respect to liquidators snal 
have effect on a winding-up order being made in England :~ 
(1) The official receiver shall by virtue of his office become the 
provisional liquidator and shall continue to act as such until 
he or another person becomes liquidator and is capable of 
acting as such: 
Appointment 
and powers of 
provisional 
liquidator. 
Appointment, 
style, &c., of 
liquidators in 
England.
	        
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