Books > Old Books > Poetry Northwest (1959)


Page 248

CHAPTER 22
COMPLETION OF THE WINDING UP

but the claim was dismissed, as no mistake of fact on the part of the liquidator was made. A creditor took out a misfeasance summons. Held, the liquidator was negligent in admitting so large a proof without taking legal advice or applying for directions, and was liable to pay compensation to the company.
Release of Liquidator (s. 251).-When all the property of the company has been realised and the final dividend distributed, the liquidator can apply to the Board of Trade for a report on his accounts to be prepared. After considering the report and any objections of the creditors or contributories, the Board of Trade may grant or withhold his release, subject to an appeal to the Court.
Before applying for his release, the liquidator must give notice of his intention to the creditors and contributories, together with a summary of his receipts and payments. The release, when granted, is gazetted (r. 203).
The release, when granted, discharges the liquidator from all liability in respect of his conduct of `he liquidation. It may, however, be revoked on proof that it was obtained by fraud, or by suppression or concealment of any material fact.

Summary of Procedure on Compulsory Liquidation.
1. Presentation of petition.
Provisional liquidator may be appointed. Court may stay proceedings.
No transfer of property or alteration in status of members unless the Court otherwise orders.
2. Winding-up order made.
Official Receiver becomes provisional liquidator. Proceedings stayed unless leave granted. Powers of directors cease. Operates as notice of dismissal to servants.
3. Statement of affairs within fourteen days of order.
4. Report by Official Receiver.
5. First meeting of creditors and contributories within one month of order.
6. Liquidator and committee of inspection appointed.
7. List of contributories settled.
8. Proof of debts received.
9. Dividends dietributed.
10. Surplus assets distributed.
11. Dissolution order made.

travel books:
where is HTML where is HEAD where is TITLE but what is claim was dismissed, as no mistake of fact on what is part of what is liquidator was made. A creditor took out a misfeasance summons. Held, what is liquidator was negligent in admitting so large a proof without taking legal advice or applying for directions, and was liable to pay compensation to what is company. Release of Liquidator (s. 251).-When all what is property of what is company has been realised and what is final dividend distributed, what is liquidator can apply to what is Board of Trade for a report on his accounts to be prepared. After considering what is report and any objections of what is creditors or contributories, what is Board of Trade may grant or withhold his release, subject to an appeal to what is Court. Before applying for his release, what is liquidator must give notice of his intention to what is creditors and contributories, together with a summary of his receipts and payments. what is release, when granted, is gazetted (r. 203). what is release, when granted, discharges what is liquidator from all liability in respect of his conduct of `he liquidation. It may, however, be revoked on proof that it was obtained by fraud, or by suppression or concealment of any material fact. Summary of Procedure on Compulsory Liquidation. 1. Presentation of petition. Provisional liquidator may be appointed. Court may stay proceedings. No transfer of property or alteration in status of members unless what is Court otherwise orders. 2. Winding-up order made. Official Receiver becomes provisional liquidator. Proceedings stayed unless leave granted. Powers of directors cease. Operates as notice of dismissal to servants. 3. Statement of affairs within fourteen days of order. 4. Report by Official Receiver. 5. First meeting of creditors and contributories within one month of order. 6. Liquidator and committee of inspection appointed. 7. List of contributories settled. 8. Proof of debts received. 9. Dividends dietributed. 10. Surplus assets distributed. 11. Dissolution order made. 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 248 where is strong CHAPTER 22 COMPLETION OF what is WINDING UP where is p align="justify" but what is claim was dismissed, as no mistake of fact on what is part of what is liquidator was made. A creditor took out a misfeasance summons. Held, what is liquidator was negligent in admitting so large a proof without taking legal advice or applying for directions, and was liable to pay compensation to what is company. Release of Liquidator (s. 251).-When all what is property of what is company has been realised and what is final dividend distributed, what is liquidator can apply to what is Board of Trade for a report on his accounts to be prepared. After considering what is report and any objections of what is creditors or contributories, what is Board of Trade may grant or withhold his release, subject to an appeal to what is Court. Before applying for his release, what is liquidator must give notice of his intention to what is creditors and contributories, together with a summary of his receipts and payments. what is release, when granted, is gazetted (r. 203). what is release, when granted, discharges what is liquidator from all liability in respect of his conduct of `he liquidation. It may, however, be revoked on proof that it was obtained by fraud, or by suppression or concealment of any material fact. Summary of Procedure on Compulsory Liquidation. 1. Presentation of petition. Provisional liquidator may be appointed. Court may stay proceedings. No transfer of property or alteration in status of members unless what is Court otherwise orders. 2. Winding-up order made. Official Receiver becomes provisional liquidator. Proceedings stayed unless leave granted. Powers of directors cease. Operates as notice of dismissal to servants. 3. Statement of affairs within fourteen days of order. 4. Report by Official Receiver. 5. First meeting of creditors and contributories within one month of order. 6. Liquidator and committee of inspection appointed. 7. List of contributories settled. 8. Proof of debts received. 9. Dividends dietributed. 10. Surplus assets distributed. 11. Dissolution order made. where is Server.Execute("_SiteMap.asp") %

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