Full text: Secretarial practice

COMPANIES ACT, 1929 
564 
account of the liquidator instead of to the liquidator, and any such 
order may be enforced in the same manner as if it had directed pay- 
ment to the liquidator. 
(2) All moneys and securities paid or delivered into the Bank 
of England or any branch thereof in the event of a winding up by the 
court shall be subject in all respects to the orders of the court. 
208.—(1) An order made by the court on a contributory shall, Order on con- 
subject to any right of appeal, be conclusive evidence that the money, fine vom ce 
if any, thereby appearing to be due or ordered to be paid is due. 
(2) All other pertinent matters stated in the order shall be 
taken to be truly stated as against all persons and in all proceedings, 
except proceedings in Scotland against the heritable estate of a 
deceased contributory, in which case the order shall be only prima 
facie evidence for the purpose of charging his heritable estate, unless 
his heirs or legatees of heritage were on the list of contributories at 
the time of the order being made. 
209.—(1) Where in proceedings in England the official receiver 
becomes the liquidator of a company, whether provisionally or 
otherwise, he may, if satisfied that the nature of the estate or 
business of the company, or the interests of the creditors or con- 
tributories generally, require the appointment of a special manager of 
the estate or business of the company other than himself, apply to 
the court, and the court may on such application, appoint a special 
manager of the said estate or business to act during such time as the 
court may direct, with such powers, including any of the powers of a 
receiver or manager, as may be entrusted to him by the court. 
(2) The special manager shall give such security and accoun 
in such manner as the Board of Trade direct. 
(3) The special manager shall receive such remuneration as rn 
be fixed by the court. 
210. The court may fix a time or times within which creditors are 
to prove their debts or claims, or to be excluded from the benefit of 
any distribution made before those debts are proved. 
211. The court shall adjust the rights of the contributories among 
themselves, and distribute any surplus among the persons entitled 
thereto. 
Appointment in 
England of 
special manager. 
Power to exclude 
creditors not 
proving in time. 
Adjustment of 
rights of con- 
tnbutories. 
212. The court may, at any time after making a winding-up Inspection of 
order, make such order for inspection of the books and papers of the books by and 
company by creditors and contributories as the court thinks just, and contributories. 
any books and papers in the possession of the company may be 
inspected by creditors or contributories accordingly, but not further 
or otherwise. 
213. The court may, in the event of the assets being insufficient Power to order 
to satisfy the liabilities, make an order as to the payment out of the eh ug, 
assets of the costs, charges, and expenses incurred in the winding up of assets. 
in such order of priority as the court thinks just
	        
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