Full text: Secretarial practice

COMPANIES ACT, 1929 
I 
Po 
, 
Supplementary Provisions as to Winding up. 
278.—(1) A body corporate shall not be qualified for appoint- 
ment as liquidator of a company, whether in a winding up by or 
under the supervision of the court or in a voluntary winding up, and 
any appointment made in contravention of this provision shall be 
void. 
Disqualification 
for appointment 
as liquidator. 
(2) Nothing in this section shall disqualify a body corporate 
from acting as liquidator of a company if acting under an appoint- 
ment made before the third day of August, nineteen hundred and 
twenty-eight, but subject as aforesaid any body corporate which acts 
as liquidator of a company shall be liable to a fine not exceeding one 
hundred pounds. 
(3) In the application of this section to Scotland the expression 
“body corporate ’’ does not include a firm. 
279.—(1) If any liquidator, who has made any default in filing, Enforcement of 
delivering or making any return, account or other document, or in [uy of liquida- 
giving any notice which he is by law required to file, deliver, make returns, &c. 
or give, fails to make good the default within fourteen days after 
the service on him of a notice requiring him to do so, the court may, 
on an application made to the court by any contributory or creditor 
of the company or by the registrar of companies, make an order 
directing the liquidator to make good the default within such time 
as may be specified in the order. 
(2) Any such order may provide that all costs of and incidental 
to the application shall be borne by the liquidator. 
(3) Nothing in this section shall be taken to prejudice the 
operation of any enactment imposing penalties on a liquidator 
in respect of any such default as aforesaid. 
280.—(1) Where a company is being wound up, whether by or Notification that 
under the supervision of the court or voluntarily, every invoice, order Bday 1s in 
for goods or business letter issued by or on behalf of the company or 
a liquidator of the company, or a receiver or manager of the property 
of the company, being a document on or in which the name of the 
company appears, shall contain a statement that the company is 
being wound up. 
(2) If default is made in complying with this section, the 
company and every director, manager, secretary or other officer of 
the company, and everv liquidator of the company and ev~- 
receiver or manager, who knowingly and wilfully authorises 
permits the default, shal be liable to a fine of twenty pound 
281.—(1) In the c=s 
registered 1n Englan. 
such a company- 
(a) every assurance relating solely to freehold or leasehold 
property, or to any mortgage, charge or other encumbrance 
on, or any estate, right or interest in, anv real or personal 
~ winding up by the court of a co 
t of a creditors’ voluntary winding 
Exemption of 
certain docu- 
ments from 
stamp duty on 
winding up of 
rompanies.
	        
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