Compantes. [Ch. 31. No. 1.

(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
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
continues.

Provisions applicable to every voluntary winding up.

234. The provisions contained in the eight sections of this
Ordinance next following shall apply to every voluntary
winding up whether a members’ or a creditors’ winding up.

235. Subject to the provisions of this Ordinance as to
preferential payments, the property of a company shall, on
its ‘winding up, be applied in satisfaction of its liabilities
pari passu, and, subject to such application, shall, unless the
articles otherwise provide, be distributed among the
members according to their rights and interests in the
company.

236. (1) The liquidator may—

(a) in the case of a members’ voluntary winding up,
with the sanction of an extraordinary resolution of the
company, and, in the case of a creditors’ voluntary
winding up, with the sanction of either the Court or the
committee of inspection, exercise any of the powers
given by paragraphs (d), (e) and (f) of subsection (1)
of section 182 to a liquidator in a winding up by the
Court ;

(5) without sanction, exercise any of the other
powers by this Ordinance given to the liquidator in a
winding up by the Court;

(c) exercise the power of the Court under this
Ordinance of settling a list of contributories, and the
list of contributories shall be prima facie evidence
of the liability of the persons named therein to be
contributories;

(d) exercise the power of the Court of making calls;

(ec) summon general meetings of the company for the
purpose of obtaining the sanction of the company by

Provisions
applicable
to every
voluntary
winding up.

Distribution
of property
of company.

Powers and
duties of
liquidator

in voluntary
winding up.