HC Deb 26 July 1918 vol 108 cc2209-10

(1) On or at any time after the release of a controller appointed under the principal Act or a liquidator appointed by the Board of Trade to conduct a winding-up under the last preceding Section of this Act notice thereof may be given by the Board of Trade to the Registrar of Companies, and on the receipt of such notice the registrar shall forthwith register it, and may if so directed by the Board of Trade strike the name of the company off the register and the company shall be dissolved.

(2) Where a company has been dissolved by virtue of this Section, or where a company with respect to which an. Order has been made under Section one of the principal Act has been removed from the register under Section two hundred and forty-two of the Companies (Consolidation) Act, 1908, no application for an Order declaring the dissolution void or restoring the company to the register shall be made without the consent of the Board of Trade.

(3) On the release of a liquidator appointed as aforesaid, the official receiver attached to the High Court discharging the duties of official receiver under the Companies (Consolidation) Act, 1908, shall ex officio become liquidator, and the right to recover any debts due to the company at the date of the release, and the right to recover any property of the company which may then remain outstanding, shall vest in the said official receiver, and he may take proceedings in his official name for the recovery of such debts and property, notwithstanding the dissolution of the company; and any sums or property recovered by him after the dissolution shall be dealt with in such manner as the Board of Trade may direct.

Amendments made: In Sub-section (1), leave out the words "the last preceding Section," and insert instead thereof the words "Section one."

In Sub-section (3), after the word "Trade" ["Board of Trade"], insert the words "and the Registrar of Companies may refuse to register any company with a name the same as or similar to that of the company so dissolved."

At the beginning of Sub-section (3), insert the words, "In England."—[Sir A. Stanley.]

Clause, as amended, ordered to stand part of the Bill.