Compantes. [Ch. 31. No. t.

to the Registrar a copy of the order for registration, and if
that person fails so to do he shall be liable to a fine of
twenty-five dollars for every day during which the default
continue.

Provisions applicable to a creditors’ voluntary winding up.

225. The provisions contained in the eight sections of this
Ordinance next following shall apply in relation to a
creditors’ voluntary winding up.

226. (1) The company shall cause a meeting of the
creditors of the company to be summoned for the day, or
the day next following the day, on which there is to be held
the meeting at which the resolution for voluntary winding
up is to be proposed, and shall cause the notices of the said
meeting of creditors to be sent by post to the creditors
simultaneously with the sending of the notices of the said
meeting of the company.

(2) The company shall cause notice of the meeting of
the creditors to be advertised once in the Royal Gazette
and once at least in one local daily newspaper.

(3) The directors of the company shall—

(a) cause a full statement of the position of the
company’s affairs together with a list of the creditors of
the company and the estimated amount of their claims
to be laid before the meeting of creditors to be held as
aforesaid; and

(b) appoint one of their number to preside at the said
mecting.

(4) It shall be the duty of the director appointed to

preside at the meeting of creditors to attend the meeting
and preside thereat.

(5) If the meeting of the company at which the
resolution for voluntary winding up is to be proposed is
adjourned and the resolution is passed at an adjourned
meeting, any resolution passed at the meeting of the creditors
held in pursuance of subsection (1) of this section shall have
effect as if it had been passed immediately after the passing
of the resolution for winding up the company.

469

Provisions
applicable
toa
creditors’
winding up.

Meeting of
creditors.