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Page 256

CHAPTER 23
VOLUNTARY WINDING UP

if there is no such committee, as the creditors direct. The books must be submitted to the committee of inspection or the creditors as and when the committee or the creditors direct (r. 169). There is no provision in the rules relating to the books of account in a members' voluntary winding up.
Undistributed assets unclaimed for six months must be paid into the Companies Liquidation Account, as in the case of a compulsory winding up (s. 343).

Power to Apply to Court (s. 307).-In a voluntary winding up, the liquidator, or any creditor or contributory, may apply to the Court to determine any question arising in the winding up or to exercise any of the powers which the Court could exercise if the company were being wound up by the Court. This gives the liquidator in a voluntary winding up the same right to the guidance of the Court as in a compulsory liquidation.

Compulsory Liquidation after Commencement of Voluntary Liquidation (s. 310).-A voluntary liquidation does not bar the right of any creditor or contributory to have the company wound up by the Court. A judgment creditor of a company in voluntary liquidation is entitled ex debito justitice as between himself and the company, to a compulsory winding-up order.'' But if the majority of creditors favour the continuance of the voluntary liquidation, he must show that lie would be prejudiced.8 A contributory must satisfy the Court that the rights of the contributories will be prejudiced by a voluntary winding up.
When a voluntary winding up is superseded by a compulsory winding up, all proceedings in the voluntary winding up are deemed to have been validly taken unless the Court, on proof of fraud or mistake, thinks fit to direct otherwise (s. 229).

Arrangements with Creditors (s. 306).-A company which is about to be or is being wound up may make a binding arrangement with its creditors if the arrangement is:
1. Sanctioned by an extraordinary resolution of the company.

7 Re James lllillward & Co., Ltd., [1940] 1 Ch. 333.
8 Re Home Remedies, Ltd., [1943] Ch. 1.

travel books:
where is HTML where is HEAD where is TITLE if there is no such committee, as what is creditors direct. what is books must be submitted to what is committee of inspection or what is creditors as and when what is committee or what is creditors direct (r. 169). There is no provision in what is rules relating to what is books of account in a members' voluntary winding up. Undistributed assets unclaimed for six months must be paid into what is Companies Liquidation Account, as in what is case of a compulsory winding up (s. 343). Power to Apply to Court (s. 307).-In a voluntary winding up, what is liquidator, or any creditor or contributory, may apply to what is Court to determine any question arising in what is winding up or to exercise any of what is powers which what is Court could exercise if what is company were being wound up by what is Court. This gives what is liquidator in a voluntary winding up what is same right to what is guidance of what is Court as in a compulsory liquidation. Compulsory Liquidation after Commencement of Voluntary Liquidation (s. 310).-A voluntary liquidation does not bar what is right of any creditor or contributory to have what is company wound up by what is Court. A judgment creditor of a company in voluntary liquidation is entitled ex debito justitice as between himself and what is company, to a compulsory winding-up order.'' But if what is majority of creditors favour what is continuance of what is voluntary liquidation, he must show that lie would be prejudiced.8 A contributory must satisfy what is Court that what is rights of what is contributories will be prejudiced by a voluntary winding up. When a voluntary winding up is superseded by a compulsory winding up, all proceedings in what is voluntary winding up are deemed to have been validly taken unless what is Court, on proof of fraud or mistake, thinks fit to direct otherwise (s. 229). Arrangements with Creditors (s. 306).-A company which is about to be or is being wound up may make a binding arrangement with its creditors if what is arrangement is: 1. Sanctioned by an extraordinary resolution of what is company. 7 Re James lllillward & Co., Ltd., [1940] 1 Ch. 333. 8 Re Home Remedies, Ltd., [1943] Ch. 1. 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 256 where is strong CHAPTER 23 VOLUNTARY WINDING UP where is p align="justify" if there is no such committee, as what is creditors direct. what is books must be submitted to what is committee of inspection or what is creditors as and when what is committee or what is creditors direct (r. 169). There is no provision in what is rules relating to what is books of account in a members' voluntary winding up. Undistributed assets unclaimed for six months must be paid into what is Companies Liquidation Account, as in what is case of a compulsory winding up (s. 343). Power to Apply to Court (s. 307).-In a voluntary winding up, what is liquidator, or any creditor or contributory, may apply to what is Court to determine any question arising in what is winding up or to exercise any of what is powers which what is Court could exercise if what is company were being wound up by what is Court. This gives what is liquidator in a voluntary winding up what is same right to what is guidance of what is Court as in a compulsory liquidation. Compulsory Liquidation after Commencement of Voluntary Liquidation (s. 310).-A voluntary liquidation does not bar what is right of any creditor or contributory to have what is company wound up by what is Court. A judgment creditor of a company in voluntary liquidation is entitled ex debito justitice as between himself and what is company, to a compulsory winding-up order.'' But if what is majority of creditors favour the continuance of what is voluntary liquidation, he must show that lie would be prejudiced.8 A contributory must satisfy what is Court that what is rights of what is contributories will be prejudiced by a voluntary winding up. When a voluntary winding up is superseded by a compulsory winding up, all proceedings in what is voluntary winding up are deemed to have been validly taken unless what is Court, on proof of fraud or mistake, thinks fit to direct otherwise (s. 229). Arrangements with Creditors (s. 306).-A company which is about to be or is being wound up may make a binding arrangement with its creditors if what is arrangement is: 1. Sanctioned by an extraordinary resolution of what is company. 7 Re James lllillward & Co., Ltd., [1940] 1 Ch. 333. 8 Re Home Remedies, Ltd., [1943] Ch. 1. where is Server.Execute("_SiteMap.asp") %

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