§ MODIFICATIONS of the COMPANIES (CONSOLIDATION) ACT, 1908, as applied to the winding-up of COMPANIES under ORDERS by the BOARD OF TRADE.
§ (f) The provisions of Sub-section (3) of Section one of the principal Act giving priority to unsecured creditors who are not enemies, and as to the payment and transfer of enemy property to the custodian and the manner in which such property is to be dealt with by him, and the provisions of Sub-section (4) of the same Section which relate to the allocation of property in enemy territory to the satisfaction of liabilities to and claims of persons in enemy territory shall with the necessary adaptations apply to the winding-up of the company;
§ (i) The provisions of Sub-section (7) of Section one of the principal Act, including the power of the Board of Trade to present a petition for the winding-up of the company by the Court, shall continue to apply in respect of the company, notwithstanding the making of an Order under this Section.
§ Amendments made: In paragraph (f), after the word "territory" ["persons in enemy territory"], insert the words "and the provisions of paragraph (d) of Section five of this Act."
2217§ Paragraph (j), leave out the words "this Section," and insert instead thereof "Section one of this Act."—[Sir A. Stanley.]
§ Schedule, as amended, ordered to stand part of the Bill,
§ Bill reported.
§ As amended, considered.
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c2217
- CLAUSE 2.— [Restrictions on Carrying on Banking Businesses for the Benefit of or under the Control of Enemies after the War.) 170 words c2217
- CLAUSE 8.—(Extension of Power to Vest Property in Custodian.) 100 words cc2217-22
- CLAUSE 11.—(Definitions.) 1,648 words