Chwilio Deddfwriaeth

Chwiliad Uwch

Sea Fish Industry Act 1938

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  • Y Diweddaraf sydd Ar Gael (Diwygiedig)
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PART IIProvisions with respect to incorporation, registration and winding-up of boards

1The board constituted to administer a marketing scheme shall be a body corporate with a common seal and power to hold land without licence in mortmain.

2The board administering any such scheme shall notify to the Ministers the address of the office of the board at which communications and notices will at all times be received, and 01 any change in that address; and the Ministers shall cause a register to be kept showing the address of every such board, and the register shall be open for inspection by the public at such times and at such places as the Ministers may direct.

3A marketing scheme may provide for the winding-up of the board, and for that purpose may apply Part X of the [19 & 20 Geo. 5. c. 23.] Companies Act, 1929, subject to the following modifications, that is to say :—

(a)for the purpose of section three hundred and thirty-eight of the Companies Act, 1929, the principal place of business of the board shall be deemed to be the office of the board registered under this Part of this Schedule;

(b)sub-paragraph (ii) of paragraph (e) of subsection (1) of section three hundred and thirty-eight of the Companies Act, 1929, shall not apply, and sub-paragraph (iii) of that paragraph shall apply as if the words " or any member thereof as such " were omitted;

(c)a petition for winding-up a board may be presented by the Ministers as well as by any person authorised under the provisions of the Companies Act, 1929, to present a petition for winding-up a company; and

(d)in the event of the winding-up of a board, every person - who, at any time during the relevant period, was a person registered under the scheme shall be liable to contribute to the payment of the debts and liabilities of the board and of the payment of the costs and expenses of the winding-up an amount assessed in such manner and subject to such limitations as may be provided by the scheme, but save as aforesaid no person shall be liable to contribute to the assets of the board in the winding-up by reason only of his being or having been a person registered under the scheme or a member of the board.

In this paragraph the expression " the relevant period " means—

(a)in a case where, before the commencement of the winding-up, the scheme has been revoked, the year immediately before the revocation of the scheme, or

(b)in any other case, the year immediately before the commencement of the winding-up.

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