Compantes.

[Ch. 31. No. 1.

 

 

and paid up, and the estimated amount of assets and
liabilities; and

(b) if the company has failed, as to the causes of the
failure; and

(c) whether in his opinion further inquiry is desirable
as to any matter relating to the promotion, formation,
or failure of the company, or the conduct of the
business thereof.

(2) The Official Receiver may also, if he thinks fit,
make a further report, or further reports, stating the manner
in which the company was formed and whether in his
opinion any fraud has been committed by any person in its
promotion or formation, or by any director or other officer
of the company in relation to the company since the forma-
tion thereof, and any other matters which in his opinion it
is desirable to bring to the notice of the Court.

(3) If the Official Receiver states in any such further
report as aforesaid that in his opinion a fraud has been
committed as aforesaid, the Court shall have the further
powers provided in sections 205 and 206.

Liquidators.

175. I'or the purpose of conducting the proceedings in
winding up a company and performing such duties in
reference thereto as the Court may impose, the Court may
appoint a liquidator or liquidators.

176. (1) Subject to the provisions of this section, the
Court may appoint a liquidator provisionally at any time
after the presentation of a winding up petition, and either
the Official Receiver or any other fit person may be
appointed.

(2) Where a liquidator is provisionally appointed
by the Court, the Court may limit and restrict his powers
by the order appointing him.

177. The following provisions with respect to liquidators
shall have effect on a winding up order being made—

(1) the Official Receiver shall by virtue of his office
become the provisional liquidator and shall continue

447

Power of
Court to
appoint
liquidators.

Appoint-
ment and
powers of
provisional
liquidator.

Appoint-
ment, style,
etc., of
liquidators.