315. 316. 317. 318. 319. Offences Antecedent to or in Course of Winding Up or Judicial Management Power of court to assess damages against delinquent promoters and directors. Penalty for failure by directors and others to attend meetings. Offences consequent upon winding up or judicial management. Responsibility of directors and other persons for fraudulent conduct of business. Prosecution of delinquent directors and others. Removal of Defunct Companies from Register 320. Registrar may strike defunct company off register. 321. Property of dissolved company vests in State. PART VI WINDING UP OF UNREGISTERED ASSOCIATIONS 322. 323. 324. 325. 326. 327. 328. Unregistered association defined. Winding up of unregistered association. Contributories. Power of court to stay or restrain proceedings. Actions stayed on winding up order. Directions as to property in certain cases. Provisions of this Part cumulative. PART VII FOREIGN COMPANIES 329. 330. 331. 332. 333. 334. 335. 336. 337. Interpretation. Requirements as to foreign companies. Further administrative duties of foreign company. Certain provisions of Act applied to banking companies. Exemption in respect of transfer duty. Prospectuses Provisions with respect to prospectus of foreign company. Contents of prospectus. Provisions as to expert’s consent and allotment. Winding up foreign company. PART VIII GENERAL Form of Registers: Books: Inspection and Production 338. Form of registers and other documents. 339. Production and inspection of books where offence suspected. Offences 340. Provisions with respect to default fines and meaning of officer in default. 341. Penalties for false statements and oaths. 342. Penalty for improper use of word “Limited” or “Co-operative”. 343. False statements by directors and others. 344. Power to restrain fraudulent persons from managing companies. 345. Penalty for falsification of books. Legal Proceedings, Service of Documents, etc. 346. Enforcement of duty of company to make returns to Registrar. 347. Registrar’s power to refuse registration. 348. Extension of time for lodging returns. 349. Power of court to grant relief in certain cases. 350. Security for costs. 351. Review of Registrar’s decision. 352. Service of documents. 353. Provision as to fees. 354. Proofs of certain facts by affidavit.

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