Full text: Secretarial practice

COMPANIES ACT, 1929 
701 
(3) Provision may be made by general rules for enabling the 
Board of Trade to prevent, for such period (not exceeding five years 
from the dissolution of the company) as the Board think proper, the 
distruction of the books and papers of a company which has been 
wound up and for enabling any creditor or contributory of the com- 
pany to make representations to the Board, and to appeal to the 
court from any direction which may be given by the Board in the 
matter. 
(4) If any person acts in contravention of any general rules made 
for the purposes of this section or of any direction of the Board 
thereunder, he shall be liable to a fine not exceeding one hundred 
pounds. 
284.—(1) If where a company is being wound up the winding up 
is not concluded within one year after its commencement, the liqui- 
dator shall, at such intervals as may be prescribed, until the winding 
up is concluded, send to the registrar of companies a statement in 
the prescribed form and containing the prescribed particulars with 
respect to the proceedings in and position of the liquidation. 
information as 
to pending 
liquidations. 
(2) Any person stating himself in writing to be a creditor or 
contributory of the company shall be entitled, by himself or by his 
agent, at all reasonable times, on payment of the prescribed fee, to 
inspect the statement, and to receive a copy thereof or extract 
therefrom. 
(3) If a liquidator fails to comply with this section, he shall be 
liable to a fine not exceeding fifty pounds for each day during which 
the default continues, and any person untruthfully stating himself 
as aforesaid to be a creditor or contributory shall be guilty of a 
contempt of court, and shall, on the application of the liquidator or 
of the official receiver, be punishable accordingly. 
285.—(1) If, where a company is being wound up in England, it Unclaimed 
appears either from any statement sent to the registrar under the dens Be 
last foregoing section or otherwise that a liquidator has in his hands lodged in bank. 
or under his control any money representing unclaimed or undistri- 
buted assets of the company which have remained unclaimed or 
undistributed for six months after the date of their receipt, the 
liquidator shall forthwith pay the said money to the Companies 
Liquidation Account at the Bank of England, and shall be entitled 
to the prescribed certificate of receipt for the money so paid, and 
that certificate shall be an effectual discharge to him in respect 
thereof. 
(2) For the purpose of ascertaining and getting in any money 
payable into the Bank of England in pursuance of this section, the 
like powers may be exercised, and by the like authority, as are 
exerciseable under section one hundred and fifty-three of the 
Bankruptcy Act, 1914, for the purpose of ascertaining and getting in 
the sums, funds, and dividends referred to in that section.
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.