217. 218. 219. 220. 221. 222. 223. 224. 225. 226. Provisions Specially Applicable in Winding Up by Court Application of sections. Custody of property and appointment of liquidator. Meetings of creditors and contributories. Proof of claim. Powers of liquidator. Exercise of liquidator’s powers. Control by Master over liquidator. Banking account. Release of liquidator. Remuneration of liquidator. General Powers of court in Case of Winding Up by Court Court may stay or set aside winding up. Settlement of list of contributories. Requiring delivery of property. Ordering payment of debt by contributory. Making calls and ordering payment. Ordering payment into bank. Order on contributory conclusive evidence. Court to adjust rights of contributories. Inspection of books by creditors and contributories. Dissolution of company. Summoning persons suspected of having property of company. Ordering public examination of promoters and directors. Arrest of absconding contributory. Powers to be cumulative. Appeal from Orders 241. Appeal from any order. 227. 228. 229. 230. 231. 232. 233. 234. 235. 236. 237. 238. 239. 240. Voluntary Winding Up of Company 242. Circumstances in which company may be wound up voluntarily. 243. Notice of resolution for voluntary winding up. 244. Investigation into winding up of company. 244A. Commencement of voluntary winding up. 245. Effect of voluntary winding up on business and status of company. Provision and Effect of Security for Payment of Debts 246. Provision and effect of security. Provisions Specially Applicable to Members’ Voluntary Winding Up 247. Application of sections. 248. Appointment, powers and remuneration of liquidator. 249. Power to fill vacancy in office of liquidator. 250. Liquidator may accept shares as consideration for sale of property of company. Provisions Specially Applicable to Creditors’ Voluntary Winding Up 251. Application of sections. 252. Meeting of creditors and appointment of liquidator. 253. Powers of liquidator. 254. Application of section 250. Provisions Applicable to Both Modes of Voluntary Winding Up 255. Application of sections. 256. Consequences of voluntary winding up. 257. Avoidance of transfers after commencement of winding up. 258. Notice by liquidator of his appointment. 259. Proof of claims. 260. Arrangement, when binding on company and creditors. 261. Meetings of creditors and contributories. 262. Power to apply to court. 263. Duty of liquidator to call meetings of company and creditors. 264. Notice to Registrar of confirmation of final account. 265. Saving of rights of creditors and contributories.