Books > Old Books > Poetry Northwest (1959)


Page 246

CHAPTER 22
COMPLETION OF THE WINDING UP

liquidator to bank with another bank, the Board of Trade may direct payments to be made into such other bank.
If a liquidator retains more than £50 for more than ten days, unless he explains the retention to the satisfaction of the Board of Trade, he will be liable to pay interest on the excess at 20 per cent., to disallowance of his remuneration, to be removed from his office, and to pay any expense occasioned by his default.
No money must be paid into the liquidator's private banking account.

Payments out are made by cheque signed by the liquidator, and countersigned by a member of the committee of inspection and such other person as the committee appoints (r. 168).
7. Send his accounts to the Board of Trade for audit twice a year (s. 249).

The cash book is audited every three months by the committee of inspection, and the trading account is audited once a month.
Six months from the date of the winding-up order, and at every subsequent six months, the liquidator must send to the Board of Trade a copy of the cash book in duplicate, with vouchers and copies of the certificates of audit of the committee of inspection. With the first accounts he must send a summary of the statement of affairs, the amounts realised, and the cause of the non-realisation of the remainder. With subsequent accounts he must send a report upon the position of the liquidation. When the assets have been fully realised and distributed, the liquidator must send in his accounts immediately. The accounts are verified by affidavit.
The accounts, when audited by the Board of Trade, are filed with the Court and open to the inspection of any creditor.
A summary of the accounts, approved by the Board of Trade, must be printed and distributed among the creditors and contributories.

A liquidator is under the control of the Board of Trade, and if he does not perform his duties properly the Board may enquire into the matter and take such action as they may think expedient. They may also (i) require him to answer any inquiries in relation to the liquidation, (ii) apply to the Court to examine him on oath, (iii) direct a local investigation to be made of his books and vouchers (s. 250).

Power to apply to Court (s. 246).-The liquidator may apply to the Court for directions in relation to any particular matter arising under the winding up. This right to apply to the Court for directions should be exercised in every case of serious doubt or difficulty in relation to the performance by the liquidator of his statutory duties. The omission to exercise it may lead the liquidator into serious liabilities.(7)

7 See In re Windsor Coal Co., [1929] 1 Ch. 151; Re Home and Colonial Insce. Co., [1930] 1 Ch. 102.

travel books:
where is HTML where is HEAD where is TITLE liquidator to bank with another bank, what is Board of Trade may direct payments to be made into such other bank. If a liquidator retains more than £50 for more than ten days, unless he explains what is retention to what is satisfaction of what is Board of Trade, he will be liable to pay interest on what is excess at 20 per cent., to disallowance of his remuneration, to be removed from his office, and to pay any expense occasioned by his default. No money must be paid into what is liquidator's private banking account. Payments out are made by cheque signed by what is liquidator, and countersigned by a member of what is committee of inspection and such other person as what is committee appoints (r. 168). 7. Send his accounts to what is Board of Trade for audit twice a year (s. 249). what is cash book is audited every three months by what is committee of inspection, and what is trading account is audited once a month. Six months from what is date of what is winding-up order, and at every subsequent six months, what is liquidator must send to what is Board of Trade a copy of what is cash book in duplicate, with vouchers and copies of what is certificates of audit of what is committee of inspection. With what is first accounts he must send a summary of what is statement of affairs, what is amounts realised, and what is cause of what is non-realisation of what is remainder. With subsequent accounts he must send a report upon what is position of what is liquidation. When what is assets have been fully realised and distributed, what is liquidator must send in his accounts immediately. what is accounts are verified by affidavit. what is accounts, when audited by what is Board of Trade, are filed with what is Court and open to what is inspection of any creditor. A summary of what is accounts, approved by what is Board of Trade, must be printed and distributed among what is creditors and contributories. A liquidator is under what is control of what is Board of Trade, and if he does not perform his duties properly what is Board may enquire into what is matter and take such action as they may think expedient. They may also (i) require him to answer any inquiries in relation to what is liquidation, (ii) apply to what is Court to examine him on oath, (iii) direct a local investigation to be made of his books and vouchers (s. 250). Power to apply to Court (s. 246).-The liquidator may apply to what is Court for directions in relation to any particular matter arising under what is winding up. This right to apply to what is Court for directions should be exercised in every case of serious doubt or difficulty in relation to what is performance by what is liquidator of his statutory duties. what is omission to exercise it may lead what is liquidator into serious liabilities.(7) 7 See In re Windsor Coal Co., [1929] 1 Ch. 151; Re Home and Colonial Insce. Co., [1930] 1 Ch. 102. 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 246 where is strong CHAPTER 22 COMPLETION OF what is WINDING UP where is p align="justify" liquidator to bank with another bank, what is Board of Trade may direct payments to be made into such other bank. If a liquidator retains more than £50 for more than ten days, unless he explains what is retention to what is satisfaction of what is Board of Trade, he will be liable to pay interest on what is excess at 20 per cent., to disallowance of his remuneration, to be removed from his office, and to pay any expense occasioned by his default. No money must be paid into what is liquidator's private banking account. Payments out are made by cheque signed by what is liquidator, and countersigned by a member of what is committee of inspection and such other person as what is committee appoints (r. 168). 7. Send his accounts to what is Board of Trade for audit twice a year (s. 249). what is cash book is audited every three months by what is committee of inspection, and what is trading account is audited once a month. Six months from what is date of what is winding-up order, and at every subsequent six months, what is liquidator must send to what is Board of Trade a copy of what is cash book in duplicate, with vouchers and copies of what is certificates of audit of what is committee of inspection. With what is first accounts he must send a summary of what is statement of affairs, what is amounts realised, and what is cause of what is non-realisation of the remainder. With subsequent accounts he must send a report upon what is position of what is liquidation. When what is assets have been fully realised and distributed, what is liquidator must send in his accounts immediately. what is accounts are verified by affidavit. what is accounts, when audited by what is Board of Trade, are filed with what is Court and open to what is inspection of any creditor. A summary of what is accounts, approved by what is Board of Trade, must be printed and distributed among what is creditors and contributories. A liquidator is under what is control of what is Board of Trade, and if he does not perform his duties properly what is Board may enquire into what is matter and take such action as they may think expedient. They may also (i) require him to answer any inquiries in relation to what is liquidation, (ii) apply to what is Court to examine him on oath, (iii) direct a local investigation to be made of his books and vouchers (s. 250). Power to apply to Court (s. 246).-The liquidator may apply to the Court for directions in relation to any particular matter arising under what is winding up. This right to apply to what is Court for directions should be exercised in every case of serious doubt or difficulty in relation to what is performance by what is liquidator of his statutory duties. what is omission to exercise it may lead what is liquidator into serious liabilities.(7) 7 See In re Windsor Coal Co., [1929] 1 Ch. 151; Re Home and Colonial Insce. Co., [1930] 1 Ch. 102. where is Server.Execute("_SiteMap.asp") %

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