472 Ch. 31. No. 1.] Companies.

(2) 1f the liquidator fails to comply with this
section, he shall be Hable to a fine of fifty dollars.

mnt ant 293: (1) As soon as the affairs of the company are fully

dissolution, 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 and
a meeting of the creditors, for the purpose of laying the
account before the meetings, and giving any explanation
thereof.

(2) Each such meeting shall be called by advertise-
ment in the Roval Gazette and in one local daily newspaper,
specifying the time, place, and object thereof, and published
one month at Jeast before the meeting.

(3) Within one week after the date of the mcetings,
or, if the meetings are not held on the same date, after the
date of the later 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 meetings and of their dates,
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 continue.

Provided that, if a quorum is not present at either such
mecting, the liquidator shall, in licu of the return herein-
before 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, in respect
of that meeting, be deemed to have been complied with.

(4) The Registrar on receiving the account and in
respect of cach such meeting either of the returns herein-
before mentioned shall forthwith register them, and on the
expiration of three months from the registration thereof
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.