Books > Old Books > Poetry Northwest (1959)


Page 242

CHAPTER 22
COMPLETION OF THE WINDING UP

WHEN the liquidator has collected the assets and received the proofs of the creditors, he proceeds to divide the assets among the creditors.
Procedure on declaring dividends (r. 117).-Not more than two months before declaring a dividend the liquidator must give notice to (a) the Board of Trade so that they can gazette it, and (b) such of the creditors mentioned in the statement of affairs as have not proved. The notice to the creditors must state the latest date up to which proofs must be lodged, which must be not less than fourteen days from the date of the notice. A creditor wishing to appeal must do so within seven days of the notice. Immediately after the time for appealing has expired, the liquidator declares a dividend and gives notice to the Board of Trade, so that they can gazette it, and to each creditor whose proof has been admitted. If it becomes necessary to postpone the declaration of a dividend beyond the limit of two months, the liquidator must give a fresh notice of his intention to the Board of Trade but need not give notice to the creditors.
When a dividend is declared the liquidator must transmit a list of the proofs filed with the Registrar to the Board of Trade.
Dividends may at the request and risk of the person to whom they are payable be transmitted to him by post.

If there is any surplus after the costs of the liquidation and the company's debts have been paid, it is the liquidator's duty to distribute it among the contributories, and for that purpose to adjust the rights of the contributories among themselves (s. 265). The Court will make an order accordingly.

The order contains a list of the names and addresses of the persons to whom the return is to be made, the amount payable to each, and particulars of any variation in the list of contributories which has arisen since the list of contributories was settled (r. 118).

If the liquidation is not completed within a year after its commencement, the liquidator must send to the Registrar of Companies, at such intervals as may be prescribed, a statement of the proceedings of the liquidation in the prescribed form. This statement can be inspected and extracts obtained, on payment of the prescribed fee, by anyone stating himself in writing to be a creditor or contributory (s. 342).
If the liquidator has in his hands money representing unclaimed or undistributed assets of the company for six months he must pay it into the Companies Liquidation Account at the Bank of England. The person entitled to it may then apply to the Board of Trade, and the Board may, if the liquidator certifies accordingly, make an order for payment (s. 343).

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where is HTML where is HEAD where is TITLE WHEN what is liquidator has collected what is assets and received what is proofs of what is creditors, he proceeds to divide what is assets among what is creditors. Procedure on declaring dividends (r. 117).-Not more than two months before declaring a dividend what is liquidator must give notice to (a) what is Board of Trade so that they can gazette it, and (b) such of what is creditors mentioned in what is statement of affairs as have not proved. what is notice to what is creditors must state what is latest date up to which proofs must be lodged, which must be not less than fourteen days from what is date of what is notice. A creditor wishing to appeal must do so within seven days of what is notice. Immediately after what is time for appealing has expired, what is liquidator declares a dividend and gives notice to what is Board of Trade, so that they can gazette it, and to each creditor whose proof has been admitted. If it becomes necessary to postpone what is declaration of a dividend beyond what is limit of two months, what is liquidator must give a fresh notice of his intention to what is Board of Trade but need not give notice to what is creditors. When a dividend is declared what is liquidator must transmit a list of what is proofs filed with what is Registrar to what is Board of Trade. Dividends may at what is request and risk of what is person to whom they are payable be transmitted to him by post. If there is any surplus after what is costs of what is liquidation and what is company's debts have been paid, it is what is liquidator's duty to distribute it among what is contributories, and for that purpose to adjust what is rights of what is contributories among themselves (s. 265). what is Court will make an order accordingly. what is order contains a list of what is names and addresses of what is persons to whom what is return is to be made, what is amount payable to each, and particulars of any variation in what is list of contributories which has arisen since what is list of contributories was settled (r. 118). If what is liquidation is not completed within a year after its commencement, what is liquidator must send to what is Registrar of Companies, at such intervals as may be prescribed, a statement of what is proceedings of what is liquidation in what is prescribed form. This statement can be inspected and extracts obtained, on payment of what is prescribed fee, by anyone stating himself in writing to be a creditor or contributory (s. 342). If what is liquidator has in his hands money representing unclaimed or undistributed assets of what is company for six months he must pay it into what is Companies Liquidation Account at what is Bank of England. what is person entitled to it may then apply to what is Board of Trade, and what is Board may, if what is liquidator certifies accordingly, make an order for payment (s. 343). where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 242 where is strong CHAPTER 22 COMPLETION OF what is WINDING UP where is p align="justify" WHEN what is liquidator has collected what is assets and received what is proofs of what is creditors, he proceeds to divide the assets among what is creditors. Procedure on declaring dividends (r. 117).-Not more than two months before declaring a dividend what is liquidator must give notice to (a) what is Board of Trade so that they can gazette it, and (b) such of what is creditors mentioned in what is statement of affairs as have not proved. what is notice to what is creditors must state what is latest date up to which proofs must be lodged, which must be not less than fourteen days from what is date of what is notice. A creditor wishing to appeal must do so within seven days of what is notice. Immediately after what is time for appealing has expired, what is liquidator declares a dividend and gives notice to what is Board of Trade, so that they can gazette it, and to each creditor whose proof has been admitted. If it becomes necessary to postpone what is declaration of a dividend beyond what is limit of two months, what is liquidator must give a fresh notice of his intention to what is Board of Trade but need not give notice to what is creditors. When a dividend is declared what is liquidator must transmit a list of what is proofs filed with what is Registrar to what is Board of Trade. Dividends may at what is request and risk of what is person to whom they are payable be transmitted to him by post. If there is any surplus after what is costs of what is liquidation and what is company's debts have been paid, it is what is liquidator's duty to distribute it among what is contributories, and for that purpose to adjust what is rights of what is contributories among themselves (s. 265). what is Court will make an order accordingly. what is order contains a list of what is names and addresses of what is persons to whom what is return is to be made, what is amount payable to each, and particulars of any variation in what is list of contributories which has arisen since what is list of contributories was settled (r. 118). If what is liquidation is not completed within a year after its commencement, what is liquidator must send to what is Registrar of Companies, at such intervals as may be prescribed, a statement of what is proceedings of what is liquidation in what is prescribed form. This statement can be inspected and extracts obtained, on payment of what is prescribed fee, by anyone stating himself in writing to be a creditor or contributory (s. 342). If what is liquidator has in his hands money representing unclaimed or undistributed assets of what is company for six months he must pay it into what is Companies Liquidation Account at what is Bank of England. what is person entitled to it may then apply to what is Board of Trade, and what is Board may, if what is liquidator certifies accordingly, make an order for payment (s. 343). where is Server.Execute("_SiteMap.asp") %

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