Compante, [Ch. 31. No. 1.

‘Accounts and audit in a winding up by the Court.

153. The Committee of Inspection shall not less than once every three
months audit the Liquidator’s Cash Book and certify therein under their
hands the day on which the said book was audited.

15+. (1) The Liquidator shall, at the expiration of six months from
the date of the winding up order, and at the expiration of every succeeding
six months thereafter until his release, transmit to the Official Receiver
a copy of the Cash Book for such period in duplicate, together with the
necessary vouchers and copies of the certiticates of audit by the Committee
of Inspection. He shall also forward with the first accounts, a summary
of the company’s statement of affairs, showing thereon the amounts
realised, and explaining the cause of the non-realisation of such assets
as may be unrealised. The Liquidator shall also at the end of every
six months forward to the Official Receiver, with his accounts, a report
upon the position of the liquidation of the company in such form as the
Olicial Receiver may direct.

(2) When the assets of the company have been fully realised and
distributed, the Liquidator shall forthwith send in his accounts to the
Otel Receiver, although the six months may not have expired.

(3) The accounts sent in by the Liquidator shall be verified by
hin by aflidavit.

155. (1) Where the Liquidator carries on the business of the company,
he shall keep a distinct account of the trading, and shall incorporate in
the Cash Book the total weekly amounts of the regeipts and payments
on such trading account.

(2) The trading account shall from time to time, and not less than
once in every month, be verified by affidavit, and the Liquidator shall
thereupon submit such account to the Committee of Inspection (if any),
or such member thereof as may be appointed by the Committee for that
purpose, who shall examine and certify the same.

150. When the Liquidator’s account has been audited, the Official
Receiver shall certify the fact upon the account, and thereupon the
duplicate copy, bearing a like certificate, shall be filed with the Registrar
of the Supreme Court.

157. (1) The Liquidator shall transmit to the Official Receiver with
his accounts a summary of such accounts in such form as the Official
Receiver may from time to time direct, and on the approval of such
summary by the Official Receiver shall forthwith obtain, prepare, and
transmit to the Official Receiver so many printed copies thereof, duly
stamped for transmission by post, and addressed to the creditors and
contributorie., as may be required for transmitting such summary to
each creditor and contributory.

(2) The cost of printing and posting such copies shall be a charge
upon the assets of the company.
158. Where a Liquidator has not since the date of his appointment
or since the last audit of his accounts, as the case may be, received or
T.—IV. 39

609

Audit of
Cash Took.
orm 78,

One al
Receiver’s
audit of
Liquidator’s
accounts,

Form 79,

Liquidator
carrying on
business,

Forms 80
and 8&1.

Copy of
accounts to
he filed.

Summary of
accounts,

Affidavit of
no receipts.