232 Ordering payment into bank
(1 ) The court may order any contributory, purchaser or other person from whom money is due to the company to pay the amount due into a bank, to be named by the court, to the account of the liquidator instead of to the
liquidator and such order may be enforced in the same manner as if it had directed payment to the liquidator.
(2 ) All moneys and securities paid or delivered into a bank as aforesaid in the event of a winding up by the
court shall be subject in all respects to the orders of the court.
233 Order on contributory conclusive evidence
(1 ) An order made by the court on a contributory shall, subject to any right of appeal, be conclusive evidence
that the money, if any, thereby appearing to be due or ordered to be paid is due.
(2 ) All other pertinent matters stated in such order shall be taken prima facie as truly stated as against all persons and in all proceedings whatsoever.
234 Court to adjust rights of contributories
The court shall adjust the rights of the contributories among themselves and apportion any surplus among the
persons entitled thereto.
235 Inspection of books by creditors and contributories
(1 ) The court may, at any time after making a winding-up order, make such order for inspection of the books
and papers of the company by creditors and contributories as the court thinks just and any books and papers in the
possession of the company may be inspected by creditors or contributories accordingly, but not further or otherwise.
(2 ) Nothing in subsection (1) shall be taken to exclude or restrict any statutory rights of a department of the
State or of a person acting under the authority of a department of the State.
236 Dissolution of company
(1 ) When the affairs of a company have been completely wound up, the court shall, upon the application of
the Master, make an order that the company be dissolved from the date of the order and the company shall be
dissolved accordingly.
(2 ) A copy of the order shall forthwith be transmitted by the registrar of the court—
(a ) to the Registrar who shall forthwith enter in his register a note of the dissolution of the company and
shall publish notice thereof in the Gazette; and
(b ) to the Master.
(3 ) An application made by the Master under subsection (1 ) may be by way of a report submitted to the court
through the registrar thereof.
(4 ) Notwithstanding any dissolution in terms of this section, in the event of any property thereafter becoming
available which would have accrued to the company if not dissolved the Master shall give instructions for the
realization thereof and for the distribution of the proceeds, less the cost of realization and distribution, to such
persons as would have been entitled thereto in the winding up; and the same shall apply to any moneys becoming
so available.
237 Summoning persons suspected of having property of company
(1 ) The court may, after it has made a winding-up order, summon before it any officer of the company or person known or suspected to have in his possession any property of the company or supposed to be indebted to the
company or any person whom the court deems capable of giving information concerning the promotion, formation, trade, dealings, affairs or property of the company.
(2 ) The court may examine him on oath, either orally or by written interrogatories, and may reduce his a nswers to writing and require him to sign them.
(3 ) The court may require him to produce any books and papers in his custody or power relating to the company; but where he claims any lien on books or papers produced by him, the production shall be without prejudice
to such lien and the court shall have jurisdiction in the winding up to determine all questions relating to that lien.
(4 ) If any person so summoned, after being tendered a reasonable sum for his expenses, fails to come before
the court at the time appointed without reasonable excuse, made known to the court at the time of its sitting and
allowed by it, the court may cause him to be apprehended and brought before the court for examination.
238 Ordering public examination of promoters and directors
(1 ) When an order has been made for winding up a company by the court and the Master has made a report
under this Act, showing that in his opinion a fraud has been committed by any person in the promotion or formation of the company or by a director or officer of the company in relation to the company or any creditor thereof
since its formation, the court may direct that any person who has taken part in the promotion or formation of the
company or has been a director or officer of the company shall attend before the court on a day appointed by the
court for that purpose and be publicly examined as to the promotion or formation or the con duct of the business of
the company or as to his conduct and dealings as director or officer thereof.
(2 ) The Master may take part in the examination and for that purpose may employ a legal practitioner.
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