Winding Up - Law Dictionary Search Results
Winding-up
Matched in: Term Winding-up
Voluntary winding up and winding up by the court
Matched in: Term Voluntary winding up and winding up by the court
wind up
wind up wound up wind·ing up : to bring to an end by taking care of unfinished business [ordered
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winding up
Matched in: Term winding up
Liquidator
Liquidator. A person appointed to conduct the winding-up of a company under the (English) Companies Act, 1929. Liquidators are of three kinds:-- (1) Appointed by the
Petition
that the debtor may be adjudged bankrupt. See ACT OF BANKRUPTCY. Petition to wind up a company. A winding up of a company by order of the Court must be begun by petition [(English) Companies Act, 1929, s. … Court must be begun by petition [(English) Companies Act, 1929, s. 170]. For form of petition see (English) Winding-up Rules, 1929, and WINDING UP. Divorce and matrimonial suits, and suits instituted under the Legitimacy Declaration Act, are
Inspectorship, Deed of
an insolvent debtor and his creditors, appointing one or more person or persons to inspect and oversee the winding up of such insolvent affairs on behalf of the creditors. See COMPOSITION; and the repealed (English) Bankruptcy Act, 1869 … 125, 127. Compare' committee of inspection'; as to which, see Bankruptcy Rules, 1915, r. 294, and in companies (winding up by the Court), under the (English) Companies Act, 1929, ss. 198-201, and upon voluntary winding up, appointed by
Affairs of a company have been completely wound up
The phrase 'the affairs of a company have been completely wound up' significant. It shows that the expressions 'winding up of a company' and 'winding up of the affairs of a company' convey the same sense, for we … company have been completely wound up' significant. It shows that the expressions 'winding up of a company' and 'winding up of the affairs of a company' convey the same sense, for we think that the phrase 'the affairs
Preferential payments
Preferential payments, in bankruptcy, administra-tion of estates of persons dying insolvent, and winding up of a company:-One year's rates and taxes, four months' salaries of clerks up to fifty pounds, and two … charge on goods or proceeds distrained upon within three months of the date of the receiving order or winding-up order, but if the landlord pays the debts he is to have a first charge for the debts
Contributory
by the liquidator, viz., one (the 'A list') of those who are shareholders at the time of the winding-up order, and who are primarily liable to contribute, and another (the 'B list') of those who have ceased
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