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CHAPTER 23
VOLUNTARY WINDING UP

In a members' voluntary winding up, with the sanction of an extraordinary resolution of the company, and in a creditors' voluntary winding up, with the sanction of the Court or of the committee of inspection, or (if there is no such committee) of a meeting of the creditors the liquidator may (s. 303) :
1. Pay any classes of creditors in full.
2. Make any compromise or arrangement with creditors.
3. Compromise all claims between the company and a contributory or a debtor.

List of Contributories.-The rules relating to the settling of the list of contributories in a compulsory winding up are not required to be observed by the liquidator in a voluntary winding up, although as a general rule he should follow them. It is no defence, therefore, to an action for calls that notice has not been given to the contributory. 6 The list of contributories settled by the liquidator is prima facie evidence of the liability of the contributories (s. 303).

Proof of Debts.-Debts are proved in a voluntary winding up by delivering or sending through the post to the liquidator an affidavit verifying the debt (r. 90). The liquidator may fix a date before which debts must be proved. The other rules in a compulsory winding up apply to a voluntary winding up, except that the proofs are not required to be filed.

Dividends.-Dividends are declared by the liquidator; the rules as to dividends in a compulsory winding up have no application to a voluntary winding up.

Meetings.-The rules as to meetings, set out ante, p. 227, apply only to meetings of creditors in a creditors' voluntary winding up.

Remuneration.-The rules limiting the remuneration of the liquidator to his authorised remuneration and restraining the liquidator from purchasing or otherwise dealing with the company's assets apply to all liquidators.

Books of Account.-In a creditors' voluntary winding up, the liquidator must keep such books as the committee of inspection, or,

6 Brighton Arcade Co. v. Dowling (1868), L. R. 3 C. P. 175.

travel books:
where is HTML where is HEAD where is TITLE In a members' voluntary winding up, with what is sanction of an extraordinary resolution of what is company, and in a creditors' voluntary winding up, with what is sanction of what is Court or of what is committee of inspection, or (if there is no such committee) of a meeting of what is creditors what is liquidator may (s. 303) : 1. Pay any classes of creditors in full. 2. Make any compromise or arrangement with creditors. 3. Compromise all claims between what is company and a contributory or a debtor. List of Contributories.-The rules relating to what is settling of what is list of contributories in a compulsory winding up are not required to be observed by what is liquidator in a voluntary winding up, although as a general rule he should follow them. It is no defence, therefore, to an action for calls that notice has not been given to what is contributory. 6 what is list of contributories settled by what is liquidator is prima facie evidence of what is liability of what is contributories (s. 303). Proof of Debts.-Debts are proved in a voluntary winding up by delivering or sending through what is post to what is liquidator an affidavit verifying what is debt (r. 90). what is liquidator may fix a date before which debts must be proved. what is other rules in a compulsory winding up apply to a voluntary winding up, except that what is proofs are not required to be filed. Dividends.-Dividends are declared by what is liquidator; what is rules as to dividends in a compulsory winding up have no application to a voluntary winding up. Meetings.-The rules as to meetings, set out ante, p. 227, apply only to meetings of creditors in a creditors' voluntary winding up. Remuneration.-The rules limiting what is remuneration of what is liquidator to his authorised remuneration and restraining what is liquidator from purchasing or otherwise dealing with what is company's assets apply to all liquidators. Books of Account.-In a creditors' voluntary winding up, what is liquidator must keep such books as what is committee of inspection, or, 6 Brighton Arcade Co. v. Dowling (1868), L. R. 3 C. P. 175. 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 255 where is strong CHAPTER 23 VOLUNTARY WINDING UP where is p align="justify" In a members' voluntary winding up, with what is sanction of an extraordinary resolution of what is company, and in a creditors' voluntary winding up, with what is sanction of what is Court or of the committee of inspection, or (if there is no such committee) of a meeting of what is creditors what is liquidator may (s. 303) : 1. Pay any classes of creditors in full. 2. Make any compromise or arrangement with creditors. 3. Compromise all claims between what is company and a contributory or a debtor. List of Contributories.-The rules relating to what is settling of the list of contributories in a compulsory winding up are not required to be observed by what is liquidator in a voluntary winding up, although as a general rule he should follow them. It is no defence, therefore, to an action for calls that notice has not been given to what is contributory. 6 what is list of contributories settled by what is liquidator is prima facie evidence of what is liability of what is contributories (s. 303). Proof of Debts.-Debts are proved in a voluntary winding up by delivering or sending through what is post to what is liquidator an affidavit verifying what is debt (r. 90). what is liquidator may fix a date before which debts must be proved. what is other rules in a compulsory winding up apply to a voluntary winding up, except that what is proofs are not required to be filed. Dividends.-Dividends are declared by what is liquidator; what is rules as to dividends in a compulsory winding up have no application to a voluntary winding up. Meetings.-The rules as to meetings, set out ante, p. 227, apply only to meetings of creditors in a creditors' voluntary winding up. Remuneration.-The rules limiting what is remuneration of what is liquidator to his authorised remuneration and restraining what is liquidator from purchasing or otherwise dealing with what is company's assets apply to all liquidators. Books of Account.-In a creditors' voluntary winding up, what is liquidator must keep such books as what is committee of inspection, or, 6 Brighton Arcade Co. v. Dowling (1868), L. R. 3 C. P. 175. where is Server.Execute("_SiteMap.asp") %

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