Final
mecting and
dissolution.

Ch. 31. No. 1.] Companies.

(2) If the liquidator fails to comply with this section
he shall be liable to a fine of fifty dollars.

224. (1) As soon as the affairs of the company are fully
wound up, the liquidator shall make up an account of the
winding up, showing how the winding up has been conducted
and the property of the company has been disposed of, and
thereupon shall call a general meeting of the company for
the purpose of laying before it the account, and giving
any explanation thereof.

(2) The meeting shall be called by advertisement in
the Royal Gazette and in one local daily newspaper, specifying
the time, place, and object thereof, and published one month
at least before the meeting.

(3) Within one week after the meeting, the liquidator
shall send to the Registrar a copy of the account, and shall
make a return to him of the holding of the meeting and of
its date, and if the copy is not sent or the return is not made
in accordance with this subsection the liquidator shall be
liable to a fine of twenty-five dollars for every day during
which the default continues:

Provided that, if a quorum is not present at the mecting,
the liquidator shall, in heu of the return hereinbefore
mentioned, make a return that the meeting was duly
summoned and that no quorum was present thereat, and
upon such a return being made the provisions of this
subsection as to the making of the return shall be deemed
to have been complied with.

(4) The Registrar on receiving the account and
either of the returns hereinbefore mentioned shall forth-
with register them, and on the expiration of three months
from the registration of the return the company shall be
deemed to be dissolved:

Provided that the Court may, on the application of the
liquidator or of any other person who appears to the Court
to be interested, make an order deferring the date at which
the dissolution of the company is to take effect for such time
as the Court thinks fit.

(5) It shall be the duty of the person on whose
application an order of the Court under this section is made,
within seven days after the making of the order, to deliver