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Part VI Winding up (ss. 205A-313A)

Comparing proposed amendment...
(i) Preliminary (ss. 205A-211)
Modes of Winding Up (ss. 205A-206)
Repealed
205A. Restriction of this Part.
Repealed
206. Modes of winding up.
Contributories (ss. 207-211)
Repealed
207. Liability as contributories of past and present members.
Repealed
208. Definition of "contributory".
Repealed
209. Liability of contributory.
Repealed
210. Contributories in case of death of member.
Repealed
211. Contributories in case of bankruptcy of member.
(ii) Winding up by the Court (ss. 212-250)
Jurisdiction (s. 212)
Repealed
212. Jurisdiction to wind up companies.
Cases in which Company may be wound up by the Court (ss. 213-214)
Repealed
213. Circumstances in which company may be wound up by the court.
Repealed
214. Circumstances in which company deemed to be unable to pay its debts.
Petition for Winding Up and Effects thereof (ss. 215-219)
Repealed
215. Provisions as to applications for winding up.
Repealed
216. Powers of court on hearing petition.
Repealed
217. Power to stay or restrain proceedings against company.
Repealed
218. Avoidance of dispositions of property and transfer of shares after commencement of winding up.
Repealed
219. Avoidance of executions against property of company.
Commencement of Winding Up (s. 220)
Repealed
220. Commencement of winding up by the court.
Consequences of Winding-up Order (ss. 221-224)
Repealed
221. Copy of order for winding up to be forwarded to registrar.
Repealed
222. Actions against company stayed on winding-up order.
Repealed
223. Effect of winding-up order.
Repealed
224. Statement of company's affairs to be filed in court.
Liquidators (ss. 225-231)
Repealed
225. Appointment of liquidator.
Repealed
226. Appointment and powers of provisional liquidator.
Repealed
227. Publication by liquidator of his appointment.
Repealed
227A. Registration of judgments given in insolvency proceedings.
Repealed
227B. Publication in relation to insolvency proceedings.
Repealed
228. General provisions as to liquidators.
Repealed
229. Custody of company's property.
Repealed
230. Vesting of property of company in liquidator.
Repealed
231. Powers of liquidator.
Committees of Inspection (ss. 232-233)
Repealed
232. Meetings of creditors and contributories to determine whether committee of inspection should be appointed.
Repealed
233. Constitution and proceedings of committee of inspection.
General Powers of Court in case of Winding Up by the Court (ss. 234-249)
Repealed
234. Power to annul order for winding up or to stay winding up.
Repealed
235. Settlement of list of contributories and application of assets.
Repealed
236. Delivery of property of company to liquidator.
Repealed
237. Payment of debts due by contributory to the company and extent to which set-off allowed.
Repealed
238. Power of court to make calls.
Repealed
239. Payment into bank of moneys due to company.
Repealed
240. Order on contributory to be conclusive evidence.
Repealed
241. Power to exclude creditors not proving in time.
Repealed
242. Adjustment of rights of contributories.
Repealed
243. Inspection of books by creditors and contributories.
Repealed
244. Power to order costs of winding up to be paid out of assets.
Repealed
244A. No lien over company's books, records, etc.
Repealed
245. Power of court to summon persons for examination.
Repealed
245A. Order for payment or delivery of property against person examined under section 245 of this Act.
Repealed
246. Attendance of officers of company at meetings.
Repealed
247. Power to arrest absconding contributory or officer of company.
Repealed
248. Powers of court cumulative.
Repealed
249. Dissolution of company.
Enforcement of Orders made in Winding Up by Courts outside the State (s. 250)
Repealed
250. Enforcement of orders made in winding up by courts outside the State.
(iii) Voluntary Winding Up (ss. 251-282D)
Resolutions for and Commencement of Voluntary Winding Up (ss. 251-253)
Repealed
251. Circumstances in which company may be wound up voluntarily.
Repealed
252. Publication of resolution to wind up voluntarily.
Repealed
253. Commencement of voluntary winding up.
Consequences of Voluntary Winding Up (ss. 254-255)
Repealed
254. Effect of voluntary winding up on business and status of company.
Repealed
255. Avoidance of transfers of shares after commencement of voluntary winding up.
Declaration of Solvency (s. 256)
Repealed
256. Statutory declaration of solvency in case of proposal to wind up voluntarily.
Provisions applicable to a Members' Voluntary Winding Up (ss. 257-264)
Repealed
257. Provisions applicable to a members' voluntary winding up.
Repealed
258. Power of company to appoint and fix remuneration of liquidators.
Repealed
259. Power to fill vacancy in office of liquidator.
Repealed
260. Power of liquidator to accept shares as consideration for sale of property of company.
Repealed
261. Duty of liquidator to call creditors' meeting if he is of opinion that company unable to pay its debts.
Repealed
262. Duty of liquidator to call general meeting at end of each year.
Repealed
263. Final meeting and dissolution.
Repealed
264. Alternative provisions as to annual and final meetings if liquidator is of opinion that company unable to pay its debts.
Provisions applicable to a Creditors' Voluntary Winding Up (ss. 265-273)
Repealed
265. Provisions applicable to a creditors, voluntary winding up.
Repealed
266. Meeting of creditors.
Repealed
267. Appointment of liquidator.
Repealed
267A. Confirmation of creditors' voluntary winding up.
Repealed
268. Appointment of committee of inspection.
Repealed
269. Fixing of liquidators' remuneration and cesser of directors' powers.
Repealed
270. Power to fill vacancy in office of liquidator.
Repealed
271. Application of section 260 to a creditors' voluntary winding up.
Repealed
272. Duty of liquidator to call meetings of company and of creditors at end of each year.
Repealed
273. Final meeting and dissolution.
Provisions applicable to every Voluntary Winding Up (ss. 274-282D)
Repealed
274. Provisions applicable to every voluntary winding up.
Repealed
275. Distribution of property of company.
Repealed
276. Powers and duties of liquidator in voluntary winding up.
Repealed
276A. Consent to appointment as liquidator and notification of appointment.
Repealed
277. Power of court to appoint and remove liquidator in a voluntary winding up.
Repealed
278. Notice by liquidator of his appointment.
Repealed
279. Provisions as to arrangement binding creditors.
Repealed
280. Power to apply to court to have questions determined or powers exercised.
Repealed
281. Costs of voluntary winding up.
Repealed
282. Saving for rights of creditors and contributories.
Repealed
282A. Inspection of books in voluntary winding-up.
Repealed
282B. Power of court to summon persons for examination in voluntary winding-up.
Repealed
282C. Order for payment or delivery of property against person examined under section 282B.
Repealed
282D. Power to arrest absconding contributory or officer of company in voluntary winding-up.
(iv) Provisions Applicable to every mode of Winding Up (ss. 283-313A)
Proof and Ranking of Claims (ss. 283-285)
Repealed
283. Debts which may be proved.
Repealed
284. Application of bankruptcy rules in winding up of insolvent companies.
Repealed
285. Preferential payments in a winding up.
Effect of Winding Up on antecedent and other Transactions (ss. 286-292)
Repealed
286. Fraudulent preference.
Repealed
287. Liabilities and rights of certain persons who have been fraudulently-preferred.
Repealed
288. Circumstances in which floating charge is invalid.
Repealed
289. Other circumstances in which floating charge is invalid.
Repealed
290. Disclaimer of onerous property in case of company being wound up.
Repealed
291. Restriction of rights of creditor as to execution or attachment in case of company being wound up.
Repealed
292. Duties of sheriff as to goods taken in execution.
Offences antecedent to or in the course of Winding Up (ss. 293-299)
Repealed
293. Offences by officers of companies in liquidation.
Repealed
294. Alteration or falsification of books.
Repealed
295. Frauds by officers of companies which have gone into liquidation.
Repealed
296. Liability where proper books of account not kept.
Repealed
297. Criminal liability of persons concerned for fraudulent trading of company.
Repealed
297A. Civil liability of persons concerned for fraudulent or reckless trading of company.
Repealed
298. Power of court to assess damages against directors.
Repealed
299. Prosecution of criminal offences committed by officers and members of company.
Supplementary Provisions as to Winding Up (ss. 300-309)
Repealed
300. Disqualification for appointment as liquidator.
Repealed
300A. Disqualification for appointment as liquidator.
Repealed
301. Corrupt inducement affecting appointment as liquidator.
Repealed
301A. Disclosure of interest by creditors etc. at creditors' meetings.
Repealed
302. Enforcement of duty of liquidator to make returns.
Repealed
303. Notification that a company is in liquidation.
Repealed
304. Books of company to be evidence.
Repealed
305. Disposal of books and papers of company in winding up.
Repealed
306. Information about progress of liquidation.
Repealed
307. Unclaimed dividends and balances to be paid into Companies Liquidation Account.
Repealed
308. Resolutions passed at adjourned meetings of creditors and contributories.
Repealed
309. Meetings to ascertain wishes of creditors and contributories.
Provisions as to Dissolution (ss. 310-311A)
Repealed
310. Power of court to declare dissolution of company void.
Repealed
311. Power of registrar to strike defunct company off register.
Repealed
311A. Restoration to register of company struck off.
Rules of Court (s. 312)
Repealed
312. Rules of Court for winding up.
Disposal of documents filed with Registrar (ss. 313-313A)
Repealed
313. Disposal of documents filed with registrar.
Repealed
313A. Provision of certain documents to liquidator or examiner.