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{\f6\fbidi \froman\fcharset0\fprq2{\*\panose 02020603040505020304}Tms Rmn;}{\f7\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202030204}Helv;}{\f8\fbidi \froman\fcharset0\fprq2{\*\panose 02040503060506020304}New York;}
{\f9\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}System;}{\f10\fbidi \fnil\fcharset2\fprq2{\*\panose 05000000000000000000}Wingdings{\*\falt Wingdings};}
{\f11\fbidi \froman\fcharset128\fprq1{\*\panose 02020609040205080304}MS Mincho{\*\falt Yu Gothic UI};}
{\f12\fbidi \fnil\fcharset129\fprq1{\*\panose 02030600000101010101}Batang{\*\falt \'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcE\'a1\'cb\'a2\'e7E\'a2\'aeEcEcE\'a1\'cb\'a2\'e7E\'a2\'aeEcE\'a2\'aeE\'a1\'cbcE};}
{\f13\fbidi \fnil\fcharset134\fprq2{\*\panose 02010600030101010101}SimSun{\*\falt ????????????\'a8\'ac??????};}{\f14\fbidi \fnil\fcharset136\fprq2{\*\panose 02010601000101010101}PMingLiU{\*\falt !Ps2OcuAe};}
{\f15\fbidi \fmodern\fcharset128\fprq1{\*\panose 020b0609070205080204}MS Gothic{\*\falt ?l?r ?S?V?b?N};}
{\f16\fbidi \fmodern\fcharset129\fprq1{\*\panose 020b0600000101010101}Dotum{\*\falt \'a1\'cb\'a2\'e7E\'a2\'aeEcE\'a2\'aeE\'a1\'cbcEcE\'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcEcE\'a2\'aeE\'a1\'cbcE};}
{\f17\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010600030101010101}SimHei{\*\falt o??????????\'a8\'ac????2??????????\'a8\'ac???};}{\f18\fbidi \fmodern\fcharset136\fprq1{\*\panose 02010609000101010101}MingLiU{\*\falt 2OcuAe};}
{\f19\fbidi \froman\fcharset128\fprq1{\*\panose 02020609040305080305}Mincho{\*\falt ??\'81\'66c};}
{\f20\fbidi \froman\fcharset129\fprq1{\*\panose 020b0600000101010101}Gulim{\*\falt \'a2\'aeE\'a1\'cbcE\'a1\'cb\'a2\'e7EcE\'a1\'cb\'a2\'e7E\'a2\'aeEcEcE\'a1\'cb\'a2\'e7E\'a2\'aeEcE\'a2\'aeE\'a1\'cbcE};}
{\f21\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}Century;}{\f22\fbidi \froman\fcharset222\fprq2{\*\panose 02020603050405020304}Angsana New;}{\f23\fbidi \froman\fcharset222\fprq2{\*\panose 020b0304020202020204}Cordia New;}
{\f24\fbidi \froman\fcharset1\fprq2{\*\panose 00000400000000000000}Mangal;}{\f25\fbidi \froman\fcharset1\fprq2{\*\panose 02000400000000000000}Latha;}{\f26\fbidi \froman\fcharset0\fprq2{\*\panose 010a0502050306030303}Sylfaen;}
{\f27\fbidi \froman\fcharset1\fprq2{\*\panose 00000400000000000000}Vrinda;}{\f28\fbidi \froman\fcharset1\fprq2{\*\panose 02000500000000000000}Raavi;}{\f29\fbidi \froman\fcharset1\fprq2{\*\panose 02000500000000000000}Shruti;}
{\f30\fbidi \froman\fcharset1\fprq2{\*\panose 00000400000000000000}Sendnya;}{\f31\fbidi \froman\fcharset1\fprq2{\*\panose 02000500000000000000}Gautami;}{\f32\fbidi \froman\fcharset1\fprq2{\*\panose 00000400000000000000}Tunga;}
{\f33\fbidi \froman\fcharset1\fprq2{\*\panose 00000000000000000000}Estrangelo Edessa;}{\f34\fbidi \froman\fcharset0\fprq2{\*\panose 02040503050406030204}Cambria Math;}
{\f35\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0400000000000000}Yu Gothic{\*\falt ?a?S?V?b?N};}{\f36\fbidi \fmodern\fcharset134\fprq1{\*\panose 02010600030101010101}DengXian{\*\falt |?????????\'a1\'ec???????????????\'a8\'ac????};}
{\f37\fbidi \fswiss\fcharset128\fprq2{\*\panose 020b0604020202020204}Arial Unicode MS;}{\f38\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}
{\f39\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri{\*\falt Calibri};}{\f40\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Cambria;}{\f41\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Segoe UI;}
{\f42\fbidi \froman\fcharset2\fprq2{\*\panose 00000000000000000000}Wingdings 2;}{\f43\fbidi \froman\fcharset2\fprq2{\*\panose 00000000000000000000}Wingdings 3;}{\f44\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bookman Old Style;}
{\f45\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Garamond;}{\f46\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Verdana;}{\f47\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Tahoma;}
{\f48\fbidi \fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Lucida Console;}{\f49\fbidi \froman\fcharset136\fprq2{\*\panose 00000000000000000000}MingLiU-ExtB;}{\f50\fbidi \fdecor\fcharset0\fprq2 TeamViewer15;}
{\f51\fbidi \fnil\fcharset2\fprq2{\*\panose 00000000000000000000}Marlett;}{\f52\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Arial Black;}{\f53\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift Light;}
{\f54\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight;}{\f55\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift;}
{\f56\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold;}{\f57\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Candara;}{\f58\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Comic Sans MS;}
{\f59\fbidi \fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Consolas;}{\f60\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Constantia;}{\f61\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Corbel;}
{\f62\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Ebrima;}{\f63\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium;}{\f64\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Gabriola;}
{\f65\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gadugi;}{\f66\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Georgia;}{\f67\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}HoloLens MDL2 Assets;}
{\f68\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Impact;}{\f69\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Javanese Text;}{\f70\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Leelawadee UI;}
{\f71\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Leelawadee UI Semilight;}{\f72\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Sans Unicode;}
{\f73\fbidi \fswiss\fcharset129\fprq2{\*\panose 00000000000000000000}Malgun Gothic;}{\f74\fbidi \fswiss\fcharset129\fprq2 @Malgun Gothic;}{\f75\fbidi \fswiss\fcharset129\fprq2{\*\panose 00000000000000000000}Malgun Gothic Semilight;}
{\f76\fbidi \fswiss\fcharset128\fprq2 @Malgun Gothic Semilight;}{\f77\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft Himalaya;}{\f78\fbidi \fswiss\fcharset136\fprq2{\*\panose 00000000000000000000}Microsoft JhengHei;}
{\f79\fbidi \fswiss\fcharset136\fprq2 @Microsoft JhengHei;}{\f80\fbidi \fswiss\fcharset136\fprq2{\*\panose 00000000000000000000}Microsoft JhengHei UI;}{\f81\fbidi \fswiss\fcharset136\fprq2 @Microsoft JhengHei UI;}
{\f82\fbidi \fswiss\fcharset136\fprq2{\*\panose 00000000000000000000}Microsoft JhengHei Light;}{\f83\fbidi \fswiss\fcharset136\fprq2 @Microsoft JhengHei Light;}
{\f84\fbidi \fswiss\fcharset136\fprq2{\*\panose 00000000000000000000}Microsoft JhengHei UI Light;}{\f85\fbidi \fswiss\fcharset136\fprq2 @Microsoft JhengHei UI Light;}
{\f86\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft New Tai Lue;}{\f87\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft PhagsPa;}
{\f88\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft Sans Serif;}{\f89\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft Tai Le;}
{\f90\fbidi \fswiss\fcharset134\fprq2{\*\panose 00000000000000000000}Microsoft YaHei;}{\f91\fbidi \fswiss\fcharset134\fprq2 @Microsoft YaHei;}{\f92\fbidi \fswiss\fcharset134\fprq2{\*\panose 00000000000000000000}Microsoft YaHei UI;}
{\f93\fbidi \fswiss\fcharset134\fprq2 @Microsoft YaHei UI;}{\f94\fbidi \fswiss\fcharset134\fprq2{\*\panose 00000000000000000000}Microsoft YaHei Light;}{\f95\fbidi \fswiss\fcharset134\fprq2 @Microsoft YaHei Light;}
{\f96\fbidi \fswiss\fcharset134\fprq2{\*\panose 00000000000000000000}Microsoft YaHei UI Light;}{\f97\fbidi \fswiss\fcharset134\fprq2 @Microsoft YaHei UI Light;}{\f98\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Microsoft Yi Baiti;}
{\f99\fbidi \froman\fcharset136\fprq2 @MingLiU-ExtB;}{\f100\fbidi \froman\fcharset136\fprq2{\*\panose 00000000000000000000}PMingLiU-ExtB;}{\f101\fbidi \froman\fcharset136\fprq2 @PMingLiU-ExtB;}
{\f102\fbidi \froman\fcharset136\fprq2{\*\panose 00000000000000000000}MingLiU_HKSCS-ExtB;}{\f103\fbidi \froman\fcharset136\fprq2 @MingLiU_HKSCS-ExtB;}{\f104\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Mongolian Baiti;}
{\f105\fbidi \fmodern\fcharset128\fprq1{\*\panose 00000000000000000000}@MS Gothic;}{\f106\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}MS UI Gothic;}{\f107\fbidi \fswiss\fcharset128\fprq2 @MS UI Gothic;}
{\f108\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}MS PGothic;}{\f109\fbidi \fswiss\fcharset128\fprq2 @MS PGothic;}{\f110\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}MV Boli;}
{\f111\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Myanmar Text;}{\f112\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Nirmala UI;}{\f113\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Nirmala UI Semilight;}
{\f114\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Palatino Linotype;}{\f115\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe MDL2 Assets;}{\f116\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe Print;}
{\f117\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe Script;}{\f118\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Black;}{\f119\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Emoji;}
{\f120\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Historic;}{\f121\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Light;}
{\f122\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Semibold;}{\f123\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Semilight;}
{\f124\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Segoe UI Symbol;}{\f125\fbidi \fnil\fcharset134\fprq2{\*\panose 00000000000000000000}@SimSun;}{\f126\fbidi \fmodern\fcharset134\fprq1{\*\panose 00000000000000000000}NSimSun;}
{\f127\fbidi \fmodern\fcharset134\fprq1 @NSimSun;}{\f128\fbidi \fmodern\fcharset134\fprq1{\*\panose 00000000000000000000}SimSun-ExtB;}{\f129\fbidi \fmodern\fcharset134\fprq1 @SimSun-ExtB;}
{\f130\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Small;}{\f131\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Text;}{\f132\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Subheading;}
{\f133\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Heading;}{\f134\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Display;}{\f135\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}Sitka Banner;}
{\f136\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Trebuchet MS;}{\f137\fbidi \froman\fcharset2\fprq2{\*\panose 00000000000000000000}Webdings;}{\f138\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}@Yu Gothic;}
{\f139\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic UI;}{\f140\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic UI;}{\f141\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic UI Semibold;}
{\f142\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic UI Semibold;}{\f143\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic Light;}{\f144\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic Light;}
{\f145\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic UI Light;}{\f146\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic UI Light;}{\f147\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic Medium;}
{\f148\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic Medium;}{\f149\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}Yu Gothic UI Semilight;}{\f150\fbidi \fswiss\fcharset128\fprq2 @Yu Gothic UI Semilight;}
{\f151\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Leelawadee;}{\f152\fbidi \fnil\fcharset0\fprq2{\*\panose 02000000000000000000}Microsoft Uighur;}{\f153\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Tempus Sans ITC;}
{\f154\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Pristina;}{\f155\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Papyrus;}{\f156\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Mistral;}
{\f157\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Handwriting;}{\f158\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Kristen ITC;}{\f159\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Juice ITC;}
{\f160\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}French Script MT;}{\f161\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Freestyle Script;}
{\f162\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Bradley Hand ITC;}{\f163\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Arial Narrow;}{\f164\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Book Antiqua;}
{\f165\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Monotype Corsiva;}{\f166\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Century Gothic;}{\f167\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Algerian;}
{\f168\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Baskerville Old Face;}{\f169\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Bauhaus 93;}{\f170\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bell MT;}
{\f171\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Berlin Sans FB;}{\f172\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bernard MT Condensed;}
{\f173\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bodoni MT Poster Compressed;}{\f174\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Britannic Bold;}
{\f175\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Broadway;}{\f176\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Brush Script MT;}{\f177\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Californian FB;}
{\f178\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Centaur;}{\f179\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Chiller;}{\f180\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Colonna MT;}
{\f181\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Cooper Black;}{\f182\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Footlight MT Light;}
{\f183\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Harlow Solid Italic;}{\f184\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Harrington;}{\f185\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}High Tower Text;}
{\f186\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Jokerman;}{\f187\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Kunstler Script;}{\f188\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Bright;}
{\f189\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Calligraphy;}{\f190\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Fax;}{\f191\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Magneto;}
{\f192\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Matura MT Script Capitals;}{\f193\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Modern No. 20;}
{\f194\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Niagara Engraved;}{\f195\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Niagara Solid;}
{\f196\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Old English Text MT;}{\f197\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Onyx;}{\f198\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Parchment;}
{\f199\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Playbill;}{\f200\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Poor Richard;}{\f201\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Ravie;}
{\f202\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Informal Roman;}{\f203\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Showcard Gothic;}{\f204\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Snap ITC;}
{\f205\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Stencil;}{\f206\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Viner Hand ITC;}{\f207\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Vivaldi;}
{\f208\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Vladimir Script;}{\f209\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Wide Latin;}{\f210\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Tw Cen MT;}
{\f211\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Tw Cen MT Condensed;}{\f212\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Script MT Bold;}
{\f213\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Rockwell Extra Bold;}{\f214\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Rockwell Condensed;}{\f215\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Rockwell;}
{\f216\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Rage Italic;}{\f217\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Perpetua Titling MT;}{\f218\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Perpetua;}
{\f219\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Palace Script MT;}{\f220\fbidi \fmodern\fcharset0\fprq2{\*\panose 00000000000000000000}OCR A Extended;}{\f221\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Maiandra GD;}
{\f222\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Imprint MT Shadow;}{\f223\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Haettenschweiler;}{\f224\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Goudy Stout;}
{\f225\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Goudy Old Style;}{\f226\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Gloucester MT Extra Condensed;}
{\f227\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gill Sans Ultra Bold Condensed;}{\f228\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gill Sans Ultra Bold;}
{\f229\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gill Sans MT Condensed;}{\f230\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gill Sans MT;}
{\f231\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Gill Sans MT Ext Condensed Bold;}{\f232\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Gigi;}
{\f233\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium Cond;}{\f234\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Heavy;}
{\f235\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Demi Cond;}{\f236\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Demi;}
{\f237\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Franklin Gothic Book;}{\f238\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Forte;}{\f239\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Felix Titling;}
{\f240\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Eras Medium ITC;}{\f241\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Eras Light ITC;}{\f242\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Eras Demi ITC;}
{\f243\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Eras Bold ITC;}{\f244\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Engravers MT;}{\f245\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Elephant;}
{\f246\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Edwardian Script ITC;}{\f247\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Curlz MT;}
{\f248\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Copperplate Gothic Light;}{\f249\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Copperplate Gothic Bold;}
{\f250\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Century Schoolbook;}{\f251\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Castellar;}{\f252\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Calisto MT;}
{\f253\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bodoni MT Condensed;}{\f254\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bodoni MT Black;}{\f255\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Bodoni MT;}
{\f256\fbidi \fdecor\fcharset0\fprq2{\*\panose 00000000000000000000}Blackadder ITC;}{\f257\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Arial Rounded MT Bold;}{\f258\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Agency FB;}
{\f259\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Berlin Sans FB Demi;}{\f260\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Tw Cen MT Condensed Extra Bold;}
{\f261\fbidi \fmodern\fcharset0\fprq1{\*\panose 00000000000000000000}Lucida Sans Typewriter;}{\f262\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Lucida Sans;}{\f263\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}ZWAdobeF;}
{\f264\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Euro Sign;}{\f265\fbidi \fnil\fcharset0\fprq2{\*\panose 00000000000000000000}ZDingbats;}{\f266\fbidi \fswiss\fcharset128\fprq2{\*\panose 00000000000000000000}@Arial Unicode MS;}
{\f267\fbidi \froman\fcharset2\fprq2{\*\panose 00000000000000000000}MT Extra;}{\f268\fbidi \fnil\fcharset2\fprq2{\*\panose 00000000000000000000}MS Outlook;}{\f269\fbidi \fnil\fcharset2\fprq2{\*\panose 00000000000000000000}Bookshelf Symbol 7;}
{\f270\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}MS Reference Sans Serif;}{\f271\fbidi \fnil\fcharset2\fprq2{\*\panose 00000000000000000000}MS Reference Specialty;}
{\f272\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Leelawadee UI Semilight (Vietna;}{\f273\fbidi \fswiss\fcharset177\fprq2{\*\panose 00000000000000000000}Malgun Gothic Semilight (Hebrew;}
{\f274\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Malgun Gothic Semilight (Vietna;}{\f275\fbidi \fswiss\fcharset177\fprq2{\*\panose 00000000000000000000}@Malgun Gothic Semilight (Hebre;}
{\f276\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}@Malgun Gothic Semilight (Vietn;}{\f277\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Microsoft JhengHei UI Light Gre;}
{\f278\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}@Microsoft JhengHei UI Light Gr;}{\f279\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Microsoft Sans Serif (Vietnames;}
{\f280\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Gill Sans Ultra Bold Condensed ;}{\f281\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium Cond Gre;}
{\f282\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Franklin Gothic Medium Cond Bal;}{\f283\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Franklin Gothic Demi Cond Balti;}
{\f284\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Tw Cen MT Condensed Extra Bold ;}{\f285\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}MS Reference Sans Serif (Vietna;}
{\f286\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift Light SemiCondensed;}{\f287\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight SemiConde;}
{\f288\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed;}{\f289\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold SemiConden;}
{\f290\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed;}{\f291\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight Condensed;}
{\f292\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed;}{\f293\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Condensed;}
{\f294\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Candara Light;}{\f295\fbidi \fswiss\fcharset0\fprq2{\*\panose 00000000000000000000}Corbel Light;}{\f296\fbidi \fscript\fcharset0\fprq2{\*\panose 00000000000000000000}Ink Free;}
{\f297\fbidi \froman\fcharset0\fprq2{\*\panose 00000000000000000000}Times;}{\f298\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight (Vietname;}
{\f299\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold (Vietnames;}{\f300\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed Balti;}
{\f301\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed (Viet;}{\f302\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed Gre;}
{\f303\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed Bal;}{\f304\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed (Vi;}
{\f305\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed (Vietname;}{\f306\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Condensed ;}
{\f307\fbidi \fnil\fcharset0\fprq2{\*\panose 00006d73747200000000}Imago Medium{\*\falt Courier New};}{\f308\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift Light CE;}
{\f309\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Cyr;}{\f310\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Greek;}
{\f311\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Tur;}{\f312\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Baltic;}
{\f313\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift Light (Vietnamese);}{\f314\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight CE;}
{\f315\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight Cyr;}{\f316\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight Greek;}
{\f317\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight Tur;}{\f318\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiLight Baltic;}
{\f319\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift CE;}{\f320\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift Cyr;}
{\f321\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift Greek;}{\f322\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift Tur;}
{\f323\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift Baltic;}{\f324\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Bahnschrift (Vietnamese);}
{\f325\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold CE;}{\f326\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Cyr;}
{\f327\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Greek;}{\f328\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Tur;}
{\f329\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiBold Baltic;}{\f330\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed CE;}
{\f331\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed Cyr;}{\f332\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed Greek;}
{\f333\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift SemiCondensed Tur;}{\f334\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed CE;}
{\f335\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed Cyr;}{\f336\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift Light Condensed Tur;}
{\f337\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed CE;}{\f338\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed Cyr;}
{\f339\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed Greek;}{\f340\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed Tur;}
{\f341\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Bahnschrift Condensed Baltic;}{\f342\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Candara Light CE;}
{\f343\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Candara Light Cyr;}{\f344\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Candara Light Greek;}
{\f345\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Candara Light Tur;}{\f346\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Candara Light Baltic;}
{\f347\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Candara Light (Vietnamese);}{\f348\fbidi \fswiss\fcharset238\fprq2{\*\panose 00000000000000000000}Corbel Light CE;}
{\f349\fbidi \fswiss\fcharset204\fprq2{\*\panose 00000000000000000000}Corbel Light Cyr;}{\f350\fbidi \fswiss\fcharset161\fprq2{\*\panose 00000000000000000000}Corbel Light Greek;}
{\f351\fbidi \fswiss\fcharset162\fprq2{\*\panose 00000000000000000000}Corbel Light Tur;}{\f352\fbidi \fswiss\fcharset186\fprq2{\*\panose 00000000000000000000}Corbel Light Baltic;}
{\f353\fbidi \fswiss\fcharset163\fprq2{\*\panose 00000000000000000000}Corbel Light (Vietnamese);}{\f354\fbidi \froman\fcharset128\fprq0{\*\panose 00000000000000000000}Yu Mincho{\*\falt ?a??\'81\'66c};}
{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}
{\fhimajor\f31502\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}
{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}
{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri{\*\falt Calibri};}{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times};}
{\f355\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}{\f356\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}{\f358\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}
{\f359\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}{\f360\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}{\f361\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}
{\f362\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}{\f363\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}{\f365\fbidi \fswiss\fcharset238\fprq2 Arial CE;}
{\f366\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}{\f368\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f369\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f370\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}
{\f371\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}{\f372\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f373\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f375\fbidi \fmodern\fcharset238\fprq1 Courier New CE{\*\falt Courier New};}
{\f376\fbidi \fmodern\fcharset204\fprq1 Courier New Cyr{\*\falt Courier New};}{\f378\fbidi \fmodern\fcharset161\fprq1 Courier New Greek{\*\falt Courier New};}{\f379\fbidi \fmodern\fcharset162\fprq1 Courier New Tur{\*\falt Courier New};}
{\f380\fbidi \fmodern\fcharset177\fprq1 Courier New (Hebrew){\*\falt Courier New};}{\f381\fbidi \fmodern\fcharset178\fprq1 Courier New (Arabic){\*\falt Courier New};}{\f382\fbidi \fmodern\fcharset186\fprq1 Courier New Baltic{\*\falt Courier New};}
{\f383\fbidi \fmodern\fcharset163\fprq1 Courier New (Vietnamese){\*\falt Courier New};}{\f395\fbidi \fswiss\fcharset238\fprq2 Helvetica CE;}{\f396\fbidi \fswiss\fcharset204\fprq2 Helvetica Cyr;}{\f398\fbidi \fswiss\fcharset161\fprq2 Helvetica Greek;}
{\f399\fbidi \fswiss\fcharset162\fprq2 Helvetica Tur;}{\f400\fbidi \fswiss\fcharset177\fprq2 Helvetica (Hebrew);}{\f401\fbidi \fswiss\fcharset178\fprq2 Helvetica (Arabic);}{\f402\fbidi \fswiss\fcharset186\fprq2 Helvetica Baltic;}
{\f403\fbidi \fswiss\fcharset163\fprq2 Helvetica (Vietnamese);}{\f487\fbidi \fnil\fcharset0\fprq2 SimSun Western{\*\falt ????????????\'a8\'ac??????};}{\f507\fbidi \fmodern\fcharset0\fprq1 MS Gothic Western{\*\falt ?l?r ?S?V?b?N};}
{\f505\fbidi \fmodern\fcharset238\fprq1 MS Gothic CE{\*\falt ?l?r ?S?V?b?N};}{\f506\fbidi \fmodern\fcharset204\fprq1 MS Gothic Cyr{\*\falt ?l?r ?S?V?b?N};}{\f508\fbidi \fmodern\fcharset161\fprq1 MS Gothic Greek{\*\falt ?l?r ?S?V?b?N};}
{\f509\fbidi \fmodern\fcharset162\fprq1 MS Gothic Tur{\*\falt ?l?r ?S?V?b?N};}{\f512\fbidi \fmodern\fcharset186\fprq1 MS Gothic Baltic{\*\falt ?l?r ?S?V?b?N};}{\f565\fbidi \froman\fcharset238\fprq2 Century CE;}
{\f566\fbidi \froman\fcharset204\fprq2 Century Cyr;}{\f568\fbidi \froman\fcharset161\fprq2 Century Greek;}{\f569\fbidi \froman\fcharset162\fprq2 Century Tur;}{\f572\fbidi \froman\fcharset186\fprq2 Century Baltic;}
{\f615\fbidi \froman\fcharset238\fprq2 Sylfaen CE;}{\f616\fbidi \froman\fcharset204\fprq2 Sylfaen Cyr;}{\f618\fbidi \froman\fcharset161\fprq2 Sylfaen Greek;}{\f619\fbidi \froman\fcharset162\fprq2 Sylfaen Tur;}
{\f622\fbidi \froman\fcharset186\fprq2 Sylfaen Baltic;}{\f695\fbidi \froman\fcharset238\fprq2 Cambria Math CE;}{\f696\fbidi \froman\fcharset204\fprq2 Cambria Math Cyr;}{\f698\fbidi \froman\fcharset161\fprq2 Cambria Math Greek;}
{\f699\fbidi \froman\fcharset162\fprq2 Cambria Math Tur;}{\f702\fbidi \froman\fcharset186\fprq2 Cambria Math Baltic;}{\f703\fbidi \froman\fcharset163\fprq2 Cambria Math (Vietnamese);}
{\f707\fbidi \fswiss\fcharset0\fprq2 Yu Gothic Western{\*\falt ?a?S?V?b?N};}{\f705\fbidi \fswiss\fcharset238\fprq2 Yu Gothic CE{\*\falt ?a?S?V?b?N};}{\f706\fbidi \fswiss\fcharset204\fprq2 Yu Gothic Cyr{\*\falt ?a?S?V?b?N};}
{\f708\fbidi \fswiss\fcharset161\fprq2 Yu Gothic Greek{\*\falt ?a?S?V?b?N};}{\f709\fbidi \fswiss\fcharset162\fprq2 Yu Gothic Tur{\*\falt ?a?S?V?b?N};}{\f712\fbidi \fswiss\fcharset186\fprq2 Yu Gothic Baltic{\*\falt ?a?S?V?b?N};}
{\f727\fbidi \fswiss\fcharset0\fprq2 Arial Unicode MS Western;}{\f725\fbidi \fswiss\fcharset238\fprq2 Arial Unicode MS CE;}{\f726\fbidi \fswiss\fcharset204\fprq2 Arial Unicode MS Cyr;}{\f728\fbidi \fswiss\fcharset161\fprq2 Arial Unicode MS Greek;}
{\f729\fbidi \fswiss\fcharset162\fprq2 Arial Unicode MS Tur;}{\f730\fbidi \fswiss\fcharset177\fprq2 Arial Unicode MS (Hebrew);}{\f731\fbidi \fswiss\fcharset178\fprq2 Arial Unicode MS (Arabic);}
{\f732\fbidi \fswiss\fcharset186\fprq2 Arial Unicode MS Baltic;}{\f733\fbidi \fswiss\fcharset163\fprq2 Arial Unicode MS (Vietnamese);}{\f734\fbidi \fswiss\fcharset222\fprq2 Arial Unicode MS (Thai);}{\f735\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}
{\f736\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}{\f738\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\f739\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\f740\fbidi \fswiss\fcharset177\fprq2 Calibri Light (Hebrew);}
{\f741\fbidi \fswiss\fcharset178\fprq2 Calibri Light (Arabic);}{\f742\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\f743\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}
{\f745\fbidi \fswiss\fcharset238\fprq2 Calibri CE{\*\falt Calibri};}{\f746\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr{\*\falt Calibri};}{\f748\fbidi \fswiss\fcharset161\fprq2 Calibri Greek{\*\falt Calibri};}
{\f749\fbidi \fswiss\fcharset162\fprq2 Calibri Tur{\*\falt Calibri};}{\f750\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew){\*\falt Calibri};}{\f751\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic){\*\falt Calibri};}
{\f752\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic{\*\falt Calibri};}{\f753\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese){\*\falt Calibri};}{\f755\fbidi \froman\fcharset238\fprq2 Cambria CE;}{\f756\fbidi \froman\fcharset204\fprq2 Cambria Cyr;}
{\f758\fbidi \froman\fcharset161\fprq2 Cambria Greek;}{\f759\fbidi \froman\fcharset162\fprq2 Cambria Tur;}{\f762\fbidi \froman\fcharset186\fprq2 Cambria Baltic;}{\f763\fbidi \froman\fcharset163\fprq2 Cambria (Vietnamese);}
{\f765\fbidi \fswiss\fcharset238\fprq2 Segoe UI CE;}{\f766\fbidi \fswiss\fcharset204\fprq2 Segoe UI Cyr;}{\f768\fbidi \fswiss\fcharset161\fprq2 Segoe UI Greek;}{\f769\fbidi \fswiss\fcharset162\fprq2 Segoe UI Tur;}
{\f770\fbidi \fswiss\fcharset177\fprq2 Segoe UI (Hebrew);}{\f771\fbidi \fswiss\fcharset178\fprq2 Segoe UI (Arabic);}{\f772\fbidi \fswiss\fcharset186\fprq2 Segoe UI Baltic;}{\f773\fbidi \fswiss\fcharset163\fprq2 Segoe UI (Vietnamese);}
{\f795\fbidi \froman\fcharset238\fprq2 Bookman Old Style CE;}{\f796\fbidi \froman\fcharset204\fprq2 Bookman Old Style Cyr;}{\f798\fbidi \froman\fcharset161\fprq2 Bookman Old Style Greek;}{\f799\fbidi \froman\fcharset162\fprq2 Bookman Old Style Tur;}
{\f802\fbidi \froman\fcharset186\fprq2 Bookman Old Style Baltic;}{\f805\fbidi \froman\fcharset238\fprq2 Garamond CE;}{\f806\fbidi \froman\fcharset204\fprq2 Garamond Cyr;}{\f808\fbidi \froman\fcharset161\fprq2 Garamond Greek;}
{\f809\fbidi \froman\fcharset162\fprq2 Garamond Tur;}{\f812\fbidi \froman\fcharset186\fprq2 Garamond Baltic;}{\f815\fbidi \fswiss\fcharset238\fprq2 Verdana CE;}{\f816\fbidi \fswiss\fcharset204\fprq2 Verdana Cyr;}
{\f818\fbidi \fswiss\fcharset161\fprq2 Verdana Greek;}{\f819\fbidi \fswiss\fcharset162\fprq2 Verdana Tur;}{\f822\fbidi \fswiss\fcharset186\fprq2 Verdana Baltic;}{\f823\fbidi \fswiss\fcharset163\fprq2 Verdana (Vietnamese);}
{\f825\fbidi \fswiss\fcharset238\fprq2 Tahoma CE;}{\f826\fbidi \fswiss\fcharset204\fprq2 Tahoma Cyr;}{\f828\fbidi \fswiss\fcharset161\fprq2 Tahoma Greek;}{\f829\fbidi \fswiss\fcharset162\fprq2 Tahoma Tur;}
{\f830\fbidi \fswiss\fcharset177\fprq2 Tahoma (Hebrew);}{\f831\fbidi \fswiss\fcharset178\fprq2 Tahoma (Arabic);}{\f832\fbidi \fswiss\fcharset186\fprq2 Tahoma Baltic;}{\f833\fbidi \fswiss\fcharset163\fprq2 Tahoma (Vietnamese);}
{\f834\fbidi \fswiss\fcharset222\fprq2 Tahoma (Thai);}{\f835\fbidi \fmodern\fcharset238\fprq1 Lucida Console CE;}{\f836\fbidi \fmodern\fcharset204\fprq1 Lucida Console Cyr;}{\f838\fbidi \fmodern\fcharset161\fprq1 Lucida Console Greek;}
{\f839\fbidi \fmodern\fcharset162\fprq1 Lucida Console Tur;}{\f847\fbidi \froman\fcharset0\fprq2 MingLiU-ExtB Western;}{\f875\fbidi \fswiss\fcharset238\fprq2 Arial Black CE;}{\f876\fbidi \fswiss\fcharset204\fprq2 Arial Black Cyr;}
{\f878\fbidi \fswiss\fcharset161\fprq2 Arial Black Greek;}{\f879\fbidi \fswiss\fcharset162\fprq2 Arial Black Tur;}{\f882\fbidi \fswiss\fcharset186\fprq2 Arial Black Baltic;}{\f925\fbidi \fswiss\fcharset238\fprq2 Candara CE;}
{\f926\fbidi \fswiss\fcharset204\fprq2 Candara Cyr;}{\f928\fbidi \fswiss\fcharset161\fprq2 Candara Greek;}{\f929\fbidi \fswiss\fcharset162\fprq2 Candara Tur;}{\f932\fbidi \fswiss\fcharset186\fprq2 Candara Baltic;}
{\f933\fbidi \fswiss\fcharset163\fprq2 Candara (Vietnamese);}{\f935\fbidi \fscript\fcharset238\fprq2 Comic Sans MS CE;}{\f936\fbidi \fscript\fcharset204\fprq2 Comic Sans MS Cyr;}{\f938\fbidi \fscript\fcharset161\fprq2 Comic Sans MS Greek;}
{\f939\fbidi \fscript\fcharset162\fprq2 Comic Sans MS Tur;}{\f942\fbidi \fscript\fcharset186\fprq2 Comic Sans MS Baltic;}{\f945\fbidi \fmodern\fcharset238\fprq1 Consolas CE;}{\f946\fbidi \fmodern\fcharset204\fprq1 Consolas Cyr;}
{\f948\fbidi \fmodern\fcharset161\fprq1 Consolas Greek;}{\f949\fbidi \fmodern\fcharset162\fprq1 Consolas Tur;}{\f952\fbidi \fmodern\fcharset186\fprq1 Consolas Baltic;}{\f953\fbidi \fmodern\fcharset163\fprq1 Consolas (Vietnamese);}
{\f955\fbidi \froman\fcharset238\fprq2 Constantia CE;}{\f956\fbidi \froman\fcharset204\fprq2 Constantia Cyr;}{\f958\fbidi \froman\fcharset161\fprq2 Constantia Greek;}{\f959\fbidi \froman\fcharset162\fprq2 Constantia Tur;}
{\f962\fbidi \froman\fcharset186\fprq2 Constantia Baltic;}{\f963\fbidi \froman\fcharset163\fprq2 Constantia (Vietnamese);}{\f965\fbidi \fswiss\fcharset238\fprq2 Corbel CE;}{\f966\fbidi \fswiss\fcharset204\fprq2 Corbel Cyr;}
{\f968\fbidi \fswiss\fcharset161\fprq2 Corbel Greek;}{\f969\fbidi \fswiss\fcharset162\fprq2 Corbel Tur;}{\f972\fbidi \fswiss\fcharset186\fprq2 Corbel Baltic;}{\f973\fbidi \fswiss\fcharset163\fprq2 Corbel (Vietnamese);}
{\f975\fbidi \fnil\fcharset238\fprq2 Ebrima CE;}{\f979\fbidi \fnil\fcharset162\fprq2 Ebrima Tur;}{\f982\fbidi \fnil\fcharset186\fprq2 Ebrima Baltic;}{\f985\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Medium CE;}
{\f986\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Medium Cyr;}{\f988\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Medium Greek;}{\f989\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Medium Tur;}
{\f992\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Medium Baltic;}{\f995\fbidi \fdecor\fcharset238\fprq2 Gabriola CE;}{\f996\fbidi \fdecor\fcharset204\fprq2 Gabriola Cyr;}{\f998\fbidi \fdecor\fcharset161\fprq2 Gabriola Greek;}
{\f999\fbidi \fdecor\fcharset162\fprq2 Gabriola Tur;}{\f1002\fbidi \fdecor\fcharset186\fprq2 Gabriola Baltic;}{\f1015\fbidi \froman\fcharset238\fprq2 Georgia CE;}{\f1016\fbidi \froman\fcharset204\fprq2 Georgia Cyr;}
{\f1018\fbidi \froman\fcharset161\fprq2 Georgia Greek;}{\f1019\fbidi \froman\fcharset162\fprq2 Georgia Tur;}{\f1022\fbidi \froman\fcharset186\fprq2 Georgia Baltic;}{\f1035\fbidi \fswiss\fcharset238\fprq2 Impact CE;}
{\f1036\fbidi \fswiss\fcharset204\fprq2 Impact Cyr;}{\f1038\fbidi \fswiss\fcharset161\fprq2 Impact Greek;}{\f1039\fbidi \fswiss\fcharset162\fprq2 Impact Tur;}{\f1042\fbidi \fswiss\fcharset186\fprq2 Impact Baltic;}
{\f1063\fbidi \fswiss\fcharset163\fprq2 Leelawadee UI (Vietnamese);}{\f1064\fbidi \fswiss\fcharset222\fprq2 Leelawadee UI (Thai);}{\f1073\fbidi \fswiss\fcharset163\fprq2 Leelawadee UI Semilight (Vietnamese);}
{\f1074\fbidi \fswiss\fcharset222\fprq2 Leelawadee UI Semilight (Thai);}{\f1075\fbidi \fswiss\fcharset238\fprq2 Lucida Sans Unicode CE;}{\f1076\fbidi \fswiss\fcharset204\fprq2 Lucida Sans Unicode Cyr;}
{\f1078\fbidi \fswiss\fcharset161\fprq2 Lucida Sans Unicode Greek;}{\f1079\fbidi \fswiss\fcharset162\fprq2 Lucida Sans Unicode Tur;}{\f1080\fbidi \fswiss\fcharset177\fprq2 Lucida Sans Unicode (Hebrew);}
{\f1082\fbidi \fswiss\fcharset186\fprq2 Lucida Sans Unicode Baltic;}{\f1087\fbidi \fswiss\fcharset0\fprq2 Malgun Gothic Western;}{\f1097\fbidi \fswiss\fcharset0\fprq2 @Malgun Gothic Western;}
{\f1107\fbidi \fswiss\fcharset0\fprq2 Malgun Gothic Semilight Western;}{\f1106\fbidi \fswiss\fcharset204\fprq2 Malgun Gothic Semilight Cyr;}{\f1108\fbidi \fswiss\fcharset161\fprq2 Malgun Gothic Semilight Greek;}
{\f1109\fbidi \fswiss\fcharset162\fprq2 Malgun Gothic Semilight Tur;}{\f1110\fbidi \fswiss\fcharset177\fprq2 Malgun Gothic Semilight (Hebrew);}{\f1112\fbidi \fswiss\fcharset186\fprq2 Malgun Gothic Semilight Baltic;}
{\f1113\fbidi \fswiss\fcharset163\fprq2 Malgun Gothic Semilight (Vietnamese);}{\f1117\fbidi \fswiss\fcharset0\fprq2 @Malgun Gothic Semilight Western;}{\f1116\fbidi \fswiss\fcharset204\fprq2 @Malgun Gothic Semilight Cyr;}
{\f1118\fbidi \fswiss\fcharset161\fprq2 @Malgun Gothic Semilight Greek;}{\f1119\fbidi \fswiss\fcharset162\fprq2 @Malgun Gothic Semilight Tur;}{\f1120\fbidi \fswiss\fcharset177\fprq2 @Malgun Gothic Semilight (Hebrew);}
{\f1122\fbidi \fswiss\fcharset186\fprq2 @Malgun Gothic Semilight Baltic;}{\f1123\fbidi \fswiss\fcharset163\fprq2 @Malgun Gothic Semilight (Vietnamese);}{\f1137\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei Western;}
{\f1138\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei Greek;}{\f1147\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei Western;}{\f1148\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei Greek;}
{\f1157\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei UI Western;}{\f1158\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei UI Greek;}{\f1167\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei UI Western;}
{\f1168\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei UI Greek;}{\f1177\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei Light Western;}{\f1178\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei Light Greek;}
{\f1187\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei Light Western;}{\f1188\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei Light Greek;}{\f1197\fbidi \fswiss\fcharset0\fprq2 Microsoft JhengHei UI Light Western;}
{\f1198\fbidi \fswiss\fcharset161\fprq2 Microsoft JhengHei UI Light Greek;}{\f1207\fbidi \fswiss\fcharset0\fprq2 @Microsoft JhengHei UI Light Western;}{\f1208\fbidi \fswiss\fcharset161\fprq2 @Microsoft JhengHei UI Light Greek;}
{\f1235\fbidi \fswiss\fcharset238\fprq2 Microsoft Sans Serif CE;}{\f1236\fbidi \fswiss\fcharset204\fprq2 Microsoft Sans Serif Cyr;}{\f1238\fbidi \fswiss\fcharset161\fprq2 Microsoft Sans Serif Greek;}
{\f1239\fbidi \fswiss\fcharset162\fprq2 Microsoft Sans Serif Tur;}{\f1240\fbidi \fswiss\fcharset177\fprq2 Microsoft Sans Serif (Hebrew);}{\f1241\fbidi \fswiss\fcharset178\fprq2 Microsoft Sans Serif (Arabic);}
{\f1242\fbidi \fswiss\fcharset186\fprq2 Microsoft Sans Serif Baltic;}{\f1243\fbidi \fswiss\fcharset163\fprq2 Microsoft Sans Serif (Vietnamese);}{\f1244\fbidi \fswiss\fcharset222\fprq2 Microsoft Sans Serif (Thai);}
{\f1257\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei Western;}{\f1255\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei CE;}{\f1256\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei Cyr;}{\f1258\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei Greek;}
{\f1259\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei Tur;}{\f1267\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei Western;}{\f1265\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei CE;}{\f1266\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei Cyr;}
{\f1268\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei Greek;}{\f1269\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei Tur;}{\f1277\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei UI Western;}{\f1275\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei UI CE;}
{\f1276\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei UI Cyr;}{\f1278\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei UI Greek;}{\f1279\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei UI Tur;}
{\f1287\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei UI Western;}{\f1285\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei UI CE;}{\f1286\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei UI Cyr;}
{\f1288\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei UI Greek;}{\f1289\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei UI Tur;}{\f1297\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei Light Western;}
{\f1295\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei Light CE;}{\f1296\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei Light Cyr;}{\f1298\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei Light Greek;}
{\f1299\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei Light Tur;}{\f1307\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei Light Western;}{\f1305\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei Light CE;}
{\f1306\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei Light Cyr;}{\f1308\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei Light Greek;}{\f1309\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei Light Tur;}
{\f1317\fbidi \fswiss\fcharset0\fprq2 Microsoft YaHei UI Light Western;}{\f1315\fbidi \fswiss\fcharset238\fprq2 Microsoft YaHei UI Light CE;}{\f1316\fbidi \fswiss\fcharset204\fprq2 Microsoft YaHei UI Light Cyr;}
{\f1318\fbidi \fswiss\fcharset161\fprq2 Microsoft YaHei UI Light Greek;}{\f1319\fbidi \fswiss\fcharset162\fprq2 Microsoft YaHei UI Light Tur;}{\f1327\fbidi \fswiss\fcharset0\fprq2 @Microsoft YaHei UI Light Western;}
{\f1325\fbidi \fswiss\fcharset238\fprq2 @Microsoft YaHei UI Light CE;}{\f1326\fbidi \fswiss\fcharset204\fprq2 @Microsoft YaHei UI Light Cyr;}{\f1328\fbidi \fswiss\fcharset161\fprq2 @Microsoft YaHei UI Light Greek;}
{\f1329\fbidi \fswiss\fcharset162\fprq2 @Microsoft YaHei UI Light Tur;}{\f1347\fbidi \froman\fcharset0\fprq2 @MingLiU-ExtB Western;}{\f1357\fbidi \froman\fcharset0\fprq2 PMingLiU-ExtB Western;}{\f1367\fbidi \froman\fcharset0\fprq2 @PMingLiU-ExtB Western;}
{\f1377\fbidi \froman\fcharset0\fprq2 MingLiU_HKSCS-ExtB Western;}{\f1387\fbidi \froman\fcharset0\fprq2 @MingLiU_HKSCS-ExtB Western;}{\f1407\fbidi \fmodern\fcharset0\fprq1 @MS Gothic Western;}{\f1405\fbidi \fmodern\fcharset238\fprq1 @MS Gothic CE;}
{\f1406\fbidi \fmodern\fcharset204\fprq1 @MS Gothic Cyr;}{\f1408\fbidi \fmodern\fcharset161\fprq1 @MS Gothic Greek;}{\f1409\fbidi \fmodern\fcharset162\fprq1 @MS Gothic Tur;}{\f1412\fbidi \fmodern\fcharset186\fprq1 @MS Gothic Baltic;}
{\f1417\fbidi \fswiss\fcharset0\fprq2 MS UI Gothic Western;}{\f1415\fbidi \fswiss\fcharset238\fprq2 MS UI Gothic CE;}{\f1416\fbidi \fswiss\fcharset204\fprq2 MS UI Gothic Cyr;}{\f1418\fbidi \fswiss\fcharset161\fprq2 MS UI Gothic Greek;}
{\f1419\fbidi \fswiss\fcharset162\fprq2 MS UI Gothic Tur;}{\f1422\fbidi \fswiss\fcharset186\fprq2 MS UI Gothic Baltic;}{\f1427\fbidi \fswiss\fcharset0\fprq2 @MS UI Gothic Western;}{\f1425\fbidi \fswiss\fcharset238\fprq2 @MS UI Gothic CE;}
{\f1426\fbidi \fswiss\fcharset204\fprq2 @MS UI Gothic Cyr;}{\f1428\fbidi \fswiss\fcharset161\fprq2 @MS UI Gothic Greek;}{\f1429\fbidi \fswiss\fcharset162\fprq2 @MS UI Gothic Tur;}{\f1432\fbidi \fswiss\fcharset186\fprq2 @MS UI Gothic Baltic;}
{\f1437\fbidi \fswiss\fcharset0\fprq2 MS PGothic Western;}{\f1435\fbidi \fswiss\fcharset238\fprq2 MS PGothic CE;}{\f1436\fbidi \fswiss\fcharset204\fprq2 MS PGothic Cyr;}{\f1438\fbidi \fswiss\fcharset161\fprq2 MS PGothic Greek;}
{\f1439\fbidi \fswiss\fcharset162\fprq2 MS PGothic Tur;}{\f1442\fbidi \fswiss\fcharset186\fprq2 MS PGothic Baltic;}{\f1447\fbidi \fswiss\fcharset0\fprq2 @MS PGothic Western;}{\f1445\fbidi \fswiss\fcharset238\fprq2 @MS PGothic CE;}
{\f1446\fbidi \fswiss\fcharset204\fprq2 @MS PGothic Cyr;}{\f1448\fbidi \fswiss\fcharset161\fprq2 @MS PGothic Greek;}{\f1449\fbidi \fswiss\fcharset162\fprq2 @MS PGothic Tur;}{\f1452\fbidi \fswiss\fcharset186\fprq2 @MS PGothic Baltic;}
{\f1495\fbidi \froman\fcharset238\fprq2 Palatino Linotype CE;}{\f1496\fbidi \froman\fcharset204\fprq2 Palatino Linotype Cyr;}{\f1498\fbidi \froman\fcharset161\fprq2 Palatino Linotype Greek;}{\f1499\fbidi \froman\fcharset162\fprq2 Palatino Linotype Tur;}
{\f1502\fbidi \froman\fcharset186\fprq2 Palatino Linotype Baltic;}{\f1503\fbidi \froman\fcharset163\fprq2 Palatino Linotype (Vietnamese);}{\f1515\fbidi \fnil\fcharset238\fprq2 Segoe Print CE;}{\f1516\fbidi \fnil\fcharset204\fprq2 Segoe Print Cyr;}
{\f1518\fbidi \fnil\fcharset161\fprq2 Segoe Print Greek;}{\f1519\fbidi \fnil\fcharset162\fprq2 Segoe Print Tur;}{\f1522\fbidi \fnil\fcharset186\fprq2 Segoe Print Baltic;}{\f1525\fbidi \fscript\fcharset238\fprq2 Segoe Script CE;}
{\f1526\fbidi \fscript\fcharset204\fprq2 Segoe Script Cyr;}{\f1528\fbidi \fscript\fcharset161\fprq2 Segoe Script Greek;}{\f1529\fbidi \fscript\fcharset162\fprq2 Segoe Script Tur;}{\f1532\fbidi \fscript\fcharset186\fprq2 Segoe Script Baltic;}
{\f1535\fbidi \fswiss\fcharset238\fprq2 Segoe UI Black CE;}{\f1536\fbidi \fswiss\fcharset204\fprq2 Segoe UI Black Cyr;}{\f1538\fbidi \fswiss\fcharset161\fprq2 Segoe UI Black Greek;}{\f1539\fbidi \fswiss\fcharset162\fprq2 Segoe UI Black Tur;}
{\f1542\fbidi \fswiss\fcharset186\fprq2 Segoe UI Black Baltic;}{\f1543\fbidi \fswiss\fcharset163\fprq2 Segoe UI Black (Vietnamese);}{\f1565\fbidi \fswiss\fcharset238\fprq2 Segoe UI Light CE;}{\f1566\fbidi \fswiss\fcharset204\fprq2 Segoe UI Light Cyr;}
{\f1568\fbidi \fswiss\fcharset161\fprq2 Segoe UI Light Greek;}{\f1569\fbidi \fswiss\fcharset162\fprq2 Segoe UI Light Tur;}{\f1570\fbidi \fswiss\fcharset177\fprq2 Segoe UI Light (Hebrew);}{\f1571\fbidi \fswiss\fcharset178\fprq2 Segoe UI Light (Arabic);}
{\f1572\fbidi \fswiss\fcharset186\fprq2 Segoe UI Light Baltic;}{\f1573\fbidi \fswiss\fcharset163\fprq2 Segoe UI Light (Vietnamese);}{\f1575\fbidi \fswiss\fcharset238\fprq2 Segoe UI Semibold CE;}
{\f1576\fbidi \fswiss\fcharset204\fprq2 Segoe UI Semibold Cyr;}{\f1578\fbidi \fswiss\fcharset161\fprq2 Segoe UI Semibold Greek;}{\f1579\fbidi \fswiss\fcharset162\fprq2 Segoe UI Semibold Tur;}
{\f1580\fbidi \fswiss\fcharset177\fprq2 Segoe UI Semibold (Hebrew);}{\f1581\fbidi \fswiss\fcharset178\fprq2 Segoe UI Semibold (Arabic);}{\f1582\fbidi \fswiss\fcharset186\fprq2 Segoe UI Semibold Baltic;}
{\f1583\fbidi \fswiss\fcharset163\fprq2 Segoe UI Semibold (Vietnamese);}{\f1585\fbidi \fswiss\fcharset238\fprq2 Segoe UI Semilight CE;}{\f1586\fbidi \fswiss\fcharset204\fprq2 Segoe UI Semilight Cyr;}
{\f1588\fbidi \fswiss\fcharset161\fprq2 Segoe UI Semilight Greek;}{\f1589\fbidi \fswiss\fcharset162\fprq2 Segoe UI Semilight Tur;}{\f1590\fbidi \fswiss\fcharset177\fprq2 Segoe UI Semilight (Hebrew);}
{\f1591\fbidi \fswiss\fcharset178\fprq2 Segoe UI Semilight (Arabic);}{\f1592\fbidi \fswiss\fcharset186\fprq2 Segoe UI Semilight Baltic;}{\f1593\fbidi \fswiss\fcharset163\fprq2 Segoe UI Semilight (Vietnamese);}
{\f1607\fbidi \fnil\fcharset0\fprq2 @SimSun Western;}{\f1617\fbidi \fmodern\fcharset0\fprq1 NSimSun Western;}{\f1627\fbidi \fmodern\fcharset0\fprq1 @NSimSun Western;}{\f1637\fbidi \fmodern\fcharset0\fprq1 SimSun-ExtB Western;}
{\f1647\fbidi \fmodern\fcharset0\fprq1 @SimSun-ExtB Western;}{\f1655\fbidi \fnil\fcharset238\fprq2 Sitka Small CE;}{\f1656\fbidi \fnil\fcharset204\fprq2 Sitka Small Cyr;}{\f1658\fbidi \fnil\fcharset161\fprq2 Sitka Small Greek;}
{\f1659\fbidi \fnil\fcharset162\fprq2 Sitka Small Tur;}{\f1662\fbidi \fnil\fcharset186\fprq2 Sitka Small Baltic;}{\f1663\fbidi \fnil\fcharset163\fprq2 Sitka Small (Vietnamese);}{\f1665\fbidi \fnil\fcharset238\fprq2 Sitka Text CE;}
{\f1666\fbidi \fnil\fcharset204\fprq2 Sitka Text Cyr;}{\f1668\fbidi \fnil\fcharset161\fprq2 Sitka Text Greek;}{\f1669\fbidi \fnil\fcharset162\fprq2 Sitka Text Tur;}{\f1672\fbidi \fnil\fcharset186\fprq2 Sitka Text Baltic;}
{\f1673\fbidi \fnil\fcharset163\fprq2 Sitka Text (Vietnamese);}{\f1675\fbidi \fnil\fcharset238\fprq2 Sitka Subheading CE;}{\f1676\fbidi \fnil\fcharset204\fprq2 Sitka Subheading Cyr;}{\f1678\fbidi \fnil\fcharset161\fprq2 Sitka Subheading Greek;}
{\f1679\fbidi \fnil\fcharset162\fprq2 Sitka Subheading Tur;}{\f1682\fbidi \fnil\fcharset186\fprq2 Sitka Subheading Baltic;}{\f1683\fbidi \fnil\fcharset163\fprq2 Sitka Subheading (Vietnamese);}{\f1685\fbidi \fnil\fcharset238\fprq2 Sitka Heading CE;}
{\f1686\fbidi \fnil\fcharset204\fprq2 Sitka Heading Cyr;}{\f1688\fbidi \fnil\fcharset161\fprq2 Sitka Heading Greek;}{\f1689\fbidi \fnil\fcharset162\fprq2 Sitka Heading Tur;}{\f1692\fbidi \fnil\fcharset186\fprq2 Sitka Heading Baltic;}
{\f1693\fbidi \fnil\fcharset163\fprq2 Sitka Heading (Vietnamese);}{\f1695\fbidi \fnil\fcharset238\fprq2 Sitka Display CE;}{\f1696\fbidi \fnil\fcharset204\fprq2 Sitka Display Cyr;}{\f1698\fbidi \fnil\fcharset161\fprq2 Sitka Display Greek;}
{\f1699\fbidi \fnil\fcharset162\fprq2 Sitka Display Tur;}{\f1702\fbidi \fnil\fcharset186\fprq2 Sitka Display Baltic;}{\f1703\fbidi \fnil\fcharset163\fprq2 Sitka Display (Vietnamese);}{\f1705\fbidi \fnil\fcharset238\fprq2 Sitka Banner CE;}
{\f1706\fbidi \fnil\fcharset204\fprq2 Sitka Banner Cyr;}{\f1708\fbidi \fnil\fcharset161\fprq2 Sitka Banner Greek;}{\f1709\fbidi \fnil\fcharset162\fprq2 Sitka Banner Tur;}{\f1712\fbidi \fnil\fcharset186\fprq2 Sitka Banner Baltic;}
{\f1713\fbidi \fnil\fcharset163\fprq2 Sitka Banner (Vietnamese);}{\f1715\fbidi \fswiss\fcharset238\fprq2 Trebuchet MS CE;}{\f1716\fbidi \fswiss\fcharset204\fprq2 Trebuchet MS Cyr;}{\f1718\fbidi \fswiss\fcharset161\fprq2 Trebuchet MS Greek;}
{\f1719\fbidi \fswiss\fcharset162\fprq2 Trebuchet MS Tur;}{\f1722\fbidi \fswiss\fcharset186\fprq2 Trebuchet MS Baltic;}{\f1737\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic Western;}{\f1735\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic CE;}
{\f1736\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic Cyr;}{\f1738\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic Greek;}{\f1739\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic Tur;}{\f1742\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic Baltic;}
{\f1747\fbidi \fswiss\fcharset0\fprq2 Yu Gothic UI Western;}{\f1745\fbidi \fswiss\fcharset238\fprq2 Yu Gothic UI CE;}{\f1746\fbidi \fswiss\fcharset204\fprq2 Yu Gothic UI Cyr;}{\f1748\fbidi \fswiss\fcharset161\fprq2 Yu Gothic UI Greek;}
{\f1749\fbidi \fswiss\fcharset162\fprq2 Yu Gothic UI Tur;}{\f1752\fbidi \fswiss\fcharset186\fprq2 Yu Gothic UI Baltic;}{\f1757\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic UI Western;}{\f1755\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic UI CE;}
{\f1756\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic UI Cyr;}{\f1758\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic UI Greek;}{\f1759\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic UI Tur;}{\f1762\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic UI Baltic;}
{\f1767\fbidi \fswiss\fcharset0\fprq2 Yu Gothic UI Semibold Western;}{\f1765\fbidi \fswiss\fcharset238\fprq2 Yu Gothic UI Semibold CE;}{\f1766\fbidi \fswiss\fcharset204\fprq2 Yu Gothic UI Semibold Cyr;}
{\f1768\fbidi \fswiss\fcharset161\fprq2 Yu Gothic UI Semibold Greek;}{\f1769\fbidi \fswiss\fcharset162\fprq2 Yu Gothic UI Semibold Tur;}{\f1772\fbidi \fswiss\fcharset186\fprq2 Yu Gothic UI Semibold Baltic;}
{\f1777\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic UI Semibold Western;}{\f1775\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic UI Semibold CE;}{\f1776\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic UI Semibold Cyr;}
{\f1778\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic UI Semibold Greek;}{\f1779\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic UI Semibold Tur;}{\f1782\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic UI Semibold Baltic;}
{\f1787\fbidi \fswiss\fcharset0\fprq2 Yu Gothic Light Western;}{\f1785\fbidi \fswiss\fcharset238\fprq2 Yu Gothic Light CE;}{\f1786\fbidi \fswiss\fcharset204\fprq2 Yu Gothic Light Cyr;}{\f1788\fbidi \fswiss\fcharset161\fprq2 Yu Gothic Light Greek;}
{\f1789\fbidi \fswiss\fcharset162\fprq2 Yu Gothic Light Tur;}{\f1792\fbidi \fswiss\fcharset186\fprq2 Yu Gothic Light Baltic;}{\f1797\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic Light Western;}{\f1795\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic Light CE;}
{\f1796\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic Light Cyr;}{\f1798\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic Light Greek;}{\f1799\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic Light Tur;}{\f1802\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic Light Baltic;}
{\f1807\fbidi \fswiss\fcharset0\fprq2 Yu Gothic UI Light Western;}{\f1805\fbidi \fswiss\fcharset238\fprq2 Yu Gothic UI Light CE;}{\f1806\fbidi \fswiss\fcharset204\fprq2 Yu Gothic UI Light Cyr;}
{\f1808\fbidi \fswiss\fcharset161\fprq2 Yu Gothic UI Light Greek;}{\f1809\fbidi \fswiss\fcharset162\fprq2 Yu Gothic UI Light Tur;}{\f1812\fbidi \fswiss\fcharset186\fprq2 Yu Gothic UI Light Baltic;}
{\f1817\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic UI Light Western;}{\f1815\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic UI Light CE;}{\f1816\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic UI Light Cyr;}
{\f1818\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic UI Light Greek;}{\f1819\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic UI Light Tur;}{\f1822\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic UI Light Baltic;}
{\f1827\fbidi \fswiss\fcharset0\fprq2 Yu Gothic Medium Western;}{\f1825\fbidi \fswiss\fcharset238\fprq2 Yu Gothic Medium CE;}{\f1826\fbidi \fswiss\fcharset204\fprq2 Yu Gothic Medium Cyr;}{\f1828\fbidi \fswiss\fcharset161\fprq2 Yu Gothic Medium Greek;}
{\f1829\fbidi \fswiss\fcharset162\fprq2 Yu Gothic Medium Tur;}{\f1832\fbidi \fswiss\fcharset186\fprq2 Yu Gothic Medium Baltic;}{\f1837\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic Medium Western;}{\f1835\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic Medium CE;}
{\f1836\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic Medium Cyr;}{\f1838\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic Medium Greek;}{\f1839\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic Medium Tur;}
{\f1842\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic Medium Baltic;}{\f1847\fbidi \fswiss\fcharset0\fprq2 Yu Gothic UI Semilight Western;}{\f1845\fbidi \fswiss\fcharset238\fprq2 Yu Gothic UI Semilight CE;}
{\f1846\fbidi \fswiss\fcharset204\fprq2 Yu Gothic UI Semilight Cyr;}{\f1848\fbidi \fswiss\fcharset161\fprq2 Yu Gothic UI Semilight Greek;}{\f1849\fbidi \fswiss\fcharset162\fprq2 Yu Gothic UI Semilight Tur;}
{\f1852\fbidi \fswiss\fcharset186\fprq2 Yu Gothic UI Semilight Baltic;}{\f1857\fbidi \fswiss\fcharset0\fprq2 @Yu Gothic UI Semilight Western;}{\f1855\fbidi \fswiss\fcharset238\fprq2 @Yu Gothic UI Semilight CE;}
{\f1856\fbidi \fswiss\fcharset204\fprq2 @Yu Gothic UI Semilight Cyr;}{\f1858\fbidi \fswiss\fcharset161\fprq2 @Yu Gothic UI Semilight Greek;}{\f1859\fbidi \fswiss\fcharset162\fprq2 @Yu Gothic UI Semilight Tur;}
{\f1862\fbidi \fswiss\fcharset186\fprq2 @Yu Gothic UI Semilight Baltic;}{\f1874\fbidi \fswiss\fcharset222\fprq2 Leelawadee (Thai);}{\f1881\fbidi \fnil\fcharset178\fprq2 Microsoft Uighur (Arabic);}{\f1915\fbidi \fscript\fcharset238\fprq2 Mistral CE;}
{\f1916\fbidi \fscript\fcharset204\fprq2 Mistral Cyr;}{\f1918\fbidi \fscript\fcharset161\fprq2 Mistral Greek;}{\f1919\fbidi \fscript\fcharset162\fprq2 Mistral Tur;}{\f1922\fbidi \fscript\fcharset186\fprq2 Mistral Baltic;}
{\f1985\fbidi \fswiss\fcharset238\fprq2 Arial Narrow CE;}{\f1986\fbidi \fswiss\fcharset204\fprq2 Arial Narrow Cyr;}{\f1988\fbidi \fswiss\fcharset161\fprq2 Arial Narrow Greek;}{\f1989\fbidi \fswiss\fcharset162\fprq2 Arial Narrow Tur;}
{\f1992\fbidi \fswiss\fcharset186\fprq2 Arial Narrow Baltic;}{\f1995\fbidi \froman\fcharset238\fprq2 Book Antiqua CE;}{\f1996\fbidi \froman\fcharset204\fprq2 Book Antiqua Cyr;}{\f1998\fbidi \froman\fcharset161\fprq2 Book Antiqua Greek;}
{\f1999\fbidi \froman\fcharset162\fprq2 Book Antiqua Tur;}{\f2002\fbidi \froman\fcharset186\fprq2 Book Antiqua Baltic;}{\f2005\fbidi \fscript\fcharset238\fprq2 Monotype Corsiva CE;}{\f2006\fbidi \fscript\fcharset204\fprq2 Monotype Corsiva Cyr;}
{\f2008\fbidi \fscript\fcharset161\fprq2 Monotype Corsiva Greek;}{\f2009\fbidi \fscript\fcharset162\fprq2 Monotype Corsiva Tur;}{\f2012\fbidi \fscript\fcharset186\fprq2 Monotype Corsiva Baltic;}{\f2015\fbidi \fswiss\fcharset238\fprq2 Century Gothic CE;}
{\f2016\fbidi \fswiss\fcharset204\fprq2 Century Gothic Cyr;}{\f2018\fbidi \fswiss\fcharset161\fprq2 Century Gothic Greek;}{\f2019\fbidi \fswiss\fcharset162\fprq2 Century Gothic Tur;}{\f2022\fbidi \fswiss\fcharset186\fprq2 Century Gothic Baltic;}
{\f2089\fbidi \froman\fcharset162\fprq2 Bodoni MT Poster Compressed Tur;}{\f2235\fbidi \froman\fcharset238\fprq2 Lucida Bright CE;}{\f2239\fbidi \froman\fcharset162\fprq2 Lucida Bright Tur;}{\f2242\fbidi \froman\fcharset186\fprq2 Lucida Bright Baltic;}
{\f2455\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT CE;}{\f2465\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT Condensed CE;}{\f2505\fbidi \froman\fcharset238\fprq2 Rockwell CE;}{\f2585\fbidi \fswiss\fcharset238\fprq2 Haettenschweiler CE;}
{\f2586\fbidi \fswiss\fcharset204\fprq2 Haettenschweiler Cyr;}{\f2588\fbidi \fswiss\fcharset161\fprq2 Haettenschweiler Greek;}{\f2589\fbidi \fswiss\fcharset162\fprq2 Haettenschweiler Tur;}{\f2592\fbidi \fswiss\fcharset186\fprq2 Haettenschweiler Baltic;}
{\f2625\fbidi \fswiss\fcharset238\fprq2 Gill Sans Ultra Bold Condensed CE;}{\f2635\fbidi \fswiss\fcharset238\fprq2 Gill Sans Ultra Bold CE;}{\f2645\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT Condensed CE;}
{\f2655\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT CE;}{\f2665\fbidi \fswiss\fcharset238\fprq2 Gill Sans MT Ext Condensed Bold CE;}{\f2685\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Medium Cond CE;}
{\f2686\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Medium Cond Cyr;}{\f2688\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Medium Cond Greek;}{\f2689\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Medium Cond Tur;}
{\f2692\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Medium Cond Baltic;}{\f2695\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Heavy CE;}{\f2696\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Heavy Cyr;}
{\f2698\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Heavy Greek;}{\f2699\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Heavy Tur;}{\f2702\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Heavy Baltic;}
{\f2705\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Demi Cond CE;}{\f2706\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Demi Cond Cyr;}{\f2708\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Demi Cond Greek;}
{\f2709\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Demi Cond Tur;}{\f2712\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Demi Cond Baltic;}{\f2715\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Demi CE;}
{\f2716\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Demi Cyr;}{\f2718\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Demi Greek;}{\f2719\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Demi Tur;}
{\f2722\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Demi Baltic;}{\f2725\fbidi \fswiss\fcharset238\fprq2 Franklin Gothic Book CE;}{\f2726\fbidi \fswiss\fcharset204\fprq2 Franklin Gothic Book Cyr;}
{\f2728\fbidi \fswiss\fcharset161\fprq2 Franklin Gothic Book Greek;}{\f2729\fbidi \fswiss\fcharset162\fprq2 Franklin Gothic Book Tur;}{\f2732\fbidi \fswiss\fcharset186\fprq2 Franklin Gothic Book Baltic;}
{\f2855\fbidi \froman\fcharset238\fprq2 Century Schoolbook CE;}{\f2856\fbidi \froman\fcharset204\fprq2 Century Schoolbook Cyr;}{\f2858\fbidi \froman\fcharset161\fprq2 Century Schoolbook Greek;}
{\f2859\fbidi \froman\fcharset162\fprq2 Century Schoolbook Tur;}{\f2862\fbidi \froman\fcharset186\fprq2 Century Schoolbook Baltic;}{\f2955\fbidi \fswiss\fcharset238\fprq2 Tw Cen MT Condensed Extra Bold CE;}
{\f2975\fbidi \fswiss\fcharset238\fprq2 Lucida Sans CE;}{\f2976\fbidi \fswiss\fcharset204\fprq2 Lucida Sans Cyr;}{\f2978\fbidi \fswiss\fcharset161\fprq2 Lucida Sans Greek;}{\f2979\fbidi \fswiss\fcharset162\fprq2 Lucida Sans Tur;}
{\f2980\fbidi \fswiss\fcharset177\fprq2 Lucida Sans (Hebrew);}{\f2981\fbidi \fswiss\fcharset178\fprq2 Lucida Sans (Arabic);}{\f2982\fbidi \fswiss\fcharset186\fprq2 Lucida Sans Baltic;}{\f2984\fbidi \fswiss\fcharset222\fprq2 Lucida Sans (Thai);}
{\f2985\fbidi \fnil\fcharset238\fprq2 ZWAdobeF CE;}{\f2986\fbidi \fnil\fcharset204\fprq2 ZWAdobeF Cyr;}{\f2988\fbidi \fnil\fcharset161\fprq2 ZWAdobeF Greek;}{\f2989\fbidi \fnil\fcharset162\fprq2 ZWAdobeF Tur;}
{\f2990\fbidi \fnil\fcharset177\fprq2 ZWAdobeF (Hebrew);}{\f2991\fbidi \fnil\fcharset178\fprq2 ZWAdobeF (Arabic);}{\f2992\fbidi \fnil\fcharset186\fprq2 ZWAdobeF Baltic;}{\f2993\fbidi \fnil\fcharset163\fprq2 ZWAdobeF (Vietnamese);}
{\f3017\fbidi \fswiss\fcharset0\fprq2 @Arial Unicode MS Western;}{\f3015\fbidi \fswiss\fcharset238\fprq2 @Arial Unicode MS CE;}{\f3016\fbidi \fswiss\fcharset204\fprq2 @Arial Unicode MS Cyr;}{\f3018\fbidi \fswiss\fcharset161\fprq2 @Arial Unicode MS Greek;}
{\f3019\fbidi \fswiss\fcharset162\fprq2 @Arial Unicode MS Tur;}{\f3020\fbidi \fswiss\fcharset177\fprq2 @Arial Unicode MS (Hebrew);}{\f3021\fbidi \fswiss\fcharset178\fprq2 @Arial Unicode MS (Arabic);}
{\f3022\fbidi \fswiss\fcharset186\fprq2 @Arial Unicode MS Baltic;}{\f3023\fbidi \fswiss\fcharset163\fprq2 @Arial Unicode MS (Vietnamese);}{\f3024\fbidi \fswiss\fcharset222\fprq2 @Arial Unicode MS (Thai);}
{\f3055\fbidi \fswiss\fcharset238\fprq2 MS Reference Sans Serif CE;}{\f3056\fbidi \fswiss\fcharset204\fprq2 MS Reference Sans Serif Cyr;}{\f3058\fbidi \fswiss\fcharset161\fprq2 MS Reference Sans Serif Greek;}
{\f3059\fbidi \fswiss\fcharset162\fprq2 MS Reference Sans Serif Tur;}{\f3062\fbidi \fswiss\fcharset186\fprq2 MS Reference Sans Serif Baltic;}{\f3063\fbidi \fswiss\fcharset163\fprq2 MS Reference Sans Serif (Vietnamese);}
{\f3215\fbidi \fswiss\fcharset238\fprq2 Bahnschrift Light SemiCondensed CE;}{\f3216\fbidi \fswiss\fcharset204\fprq2 Bahnschrift Light SemiCondensed Cyr;}{\f3218\fbidi \fswiss\fcharset161\fprq2 Bahnschrift Light SemiCondensed Greek;}
{\f3219\fbidi \fswiss\fcharset162\fprq2 Bahnschrift Light SemiCondensed Tur;}{\f3222\fbidi \fswiss\fcharset186\fprq2 Bahnschrift Light SemiCondensed Baltic;}{\f3223\fbidi \fswiss\fcharset163\fprq2 Bahnschrift Light SemiCondensed (Vietnamese);}
{\f3225\fbidi \fswiss\fcharset238\fprq2 Bahnschrift SemiLight SemiConde CE;}{\f3226\fbidi \fswiss\fcharset204\fprq2 Bahnschrift SemiLight SemiConde Cyr;}{\f3228\fbidi \fswiss\fcharset161\fprq2 Bahnschrift SemiLight SemiConde Greek;}
{\f3229\fbidi \fswiss\fcharset162\fprq2 Bahnschrift SemiLight SemiConde Tur;}{\f3232\fbidi \fswiss\fcharset186\fprq2 Bahnschrift SemiLight SemiConde Baltic;}{\f3233\fbidi \fswiss\fcharset163\fprq2 Bahnschrift SemiLight SemiConde (Vietnamese);}
{\f3245\fbidi \fswiss\fcharset238\fprq2 Bahnschrift SemiBold SemiConden CE;}{\f3246\fbidi \fswiss\fcharset204\fprq2 Bahnschrift SemiBold SemiConden Cyr;}{\f3248\fbidi \fswiss\fcharset161\fprq2 Bahnschrift SemiBold SemiConden Greek;}
{\f3249\fbidi \fswiss\fcharset162\fprq2 Bahnschrift SemiBold SemiConden Tur;}{\f3252\fbidi \fswiss\fcharset186\fprq2 Bahnschrift SemiBold SemiConden Baltic;}{\f3253\fbidi \fswiss\fcharset163\fprq2 Bahnschrift SemiBold SemiConden (Vietnamese);}
{\f3265\fbidi \fswiss\fcharset238\fprq2 Bahnschrift SemiLight Condensed CE;}{\f3266\fbidi \fswiss\fcharset204\fprq2 Bahnschrift SemiLight Condensed Cyr;}{\f3268\fbidi \fswiss\fcharset161\fprq2 Bahnschrift SemiLight Condensed Greek;}
{\f3269\fbidi \fswiss\fcharset162\fprq2 Bahnschrift SemiLight Condensed Tur;}{\f3272\fbidi \fswiss\fcharset186\fprq2 Bahnschrift SemiLight Condensed Baltic;}{\f3273\fbidi \fswiss\fcharset163\fprq2 Bahnschrift SemiLight Condensed (Vietnamese);}
{\f3325\fbidi \froman\fcharset238\fprq2 Times CE;}{\f3326\fbidi \froman\fcharset204\fprq2 Times Cyr;}{\f3328\fbidi \froman\fcharset161\fprq2 Times Greek;}{\f3329\fbidi \froman\fcharset162\fprq2 Times Tur;}
{\f3330\fbidi \froman\fcharset177\fprq2 Times (Hebrew);}{\f3331\fbidi \froman\fcharset178\fprq2 Times (Arabic);}{\f3332\fbidi \froman\fcharset186\fprq2 Times Baltic;}{\f3333\fbidi \froman\fcharset163\fprq2 Times (Vietnamese);}
{\f3416\fbidi \fswiss\fcharset204\fprq2 Bahnschrift SemiBold Condensed  Cyr;}{\f3418\fbidi \fswiss\fcharset161\fprq2 Bahnschrift SemiBold Condensed  Greek;}{\f3419\fbidi \fswiss\fcharset162\fprq2 Bahnschrift SemiBold Condensed  Tur;}
{\f3422\fbidi \fswiss\fcharset186\fprq2 Bahnschrift SemiBold Condensed  Baltic;}{\f3423\fbidi \fswiss\fcharset163\fprq2 Bahnschrift SemiBold Condensed  (Vietnamese);}{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}
{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}
{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}
{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}
{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}
{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}
{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}
{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}
{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}
{\fhimajor\f31531\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}{\fhimajor\f31532\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\fhimajor\f31533\fbidi \fswiss\fcharset177\fprq2 Calibri Light (Hebrew);}
{\fhimajor\f31534\fbidi \fswiss\fcharset178\fprq2 Calibri Light (Arabic);}{\fhimajor\f31535\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\fhimajor\f31536\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}
{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}
{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}
{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}
{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}
{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}
{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}
{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}
{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}
{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}
{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}
{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}
{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}
{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE{\*\falt Calibri};}{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr{\*\falt Calibri};}{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek{\*\falt Calibri};}
{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur{\*\falt Calibri};}{\fhiminor\f31573\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew){\*\falt Calibri};}{\fhiminor\f31574\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic){\*\falt Calibri};}
{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic{\*\falt Calibri};}{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese){\*\falt Calibri};}
{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times};}{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times};}
{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times};}{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times};}
{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times};}{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times};}
{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times};}{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;
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\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \ltrpar\s34\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4143828 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9267217\charrsid10189332 COOK ISLANDS
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\par }\pard\plain \ltrpar\s40\qc \li0\ri0\sb360\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4143828 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9267217\charrsid10189332 COMPANIES ACT }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 2017
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, No. 14}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15025218\charrsid10189332 
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\b\insrsid9267217\charrsid9267217 
\par }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102 
\par }\pard\plain \ltrpar\s35\qc \li0\ri0\sb360\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 ANALYSIS}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
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\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Commencement
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
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\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13382297 Preliminary matters}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Purpose}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Interpretation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Act binds the Crown}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13657082 Part 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Incorporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Essential requirements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 7. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Application for registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 8. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Certificate of incorporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Incorporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 10. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Separate legal p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ersonality with full capacity}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13657082 Part 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Company name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 11. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Name of company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 12. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Change of name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 13. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Direction to change name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 14. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Use of company name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14511230 Part 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }\pard \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657082 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Company constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 15. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ompany must have constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 16. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Substitution, adoption, or amendment of con}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 stitution after incorporation}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 17. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Conte}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nt and effect of constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14511230 Part 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par Shares\tab 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid13657082 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14511230\charrsid13657082 General}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid4487102\charrsid13657082 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 18. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Legal nature of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 19. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 No }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nominal value or bearer share}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 20. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Minimum number of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 21. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Rights }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 and powers attached to shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 22. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 Shares must not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  impose liabilities on holder}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4487102\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14511230\charrsid10227131 Issue of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid4487102\charrsid10227131 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10318588 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10318588 23. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Issue of initial shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 24. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Issue of other shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4487102\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 25. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Time of issue of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588\charrsid10318588 26}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Pre-emptive rights}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 27. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Considera}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 tion for issue of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10318588 28. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Consent to issue of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Distributions to shareholders
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 29. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Distributions prohibited u}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nless solvency test satisfied}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 30. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Meaning of distribution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 31. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Recov}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ery of improper distributions}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Dividends
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14511230 32}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  Dividends}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131\charrsid10227131 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Company may acquire its own shares
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 33. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 ny may acquire its own shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 34. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Notice of Company's }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 acquisition of its own shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 35. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Cancellation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 of shares acquired by company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 36. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Enforceability of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 contract to repurchase shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Treasury stock
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 37. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 mpany may hold its own shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 38. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Rights and obligation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 s of treasury stock suspended}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 39. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 y may transfer treasury stock}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 7 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Redeemable shares
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 40. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Meaning }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 of redeemable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 41. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 demption of redeemable shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 42. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Ca}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ncellation of redeemed shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 43. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Notice of re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 demption of redeemable shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Assistance by company for purchase of its own shares
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14511230 44. Financial assistance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 9 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Cross-holdings
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 45. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsidiary may not h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 old shares in holding company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 46. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Exception for company that su}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 bsequently becomes subsidiary}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 10 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Transfer of shares
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 47. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Transfer of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 48. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Transfer }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 of shares by operation of law}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 11 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Share register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 49. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ny to maintain share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 50. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Share regist}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 er as evidence of legal title}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 51. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Power of Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 urt to rectify share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 52. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 eneficial ownership of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14511230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 53. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Personal representative of deceased shareholder or assignee of bankrupt may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  be registered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 12 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Share certificates
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Share certificates}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 55. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 egistration of share transfer}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 6
\par Shareholders
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 General
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5989824 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5989824 56. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Company mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 t have at least 1 shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5989824 57. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Liability of shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Powers of shareholders
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 58. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Decisions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  reserved for shareholders only}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 How share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 holder power may be exercised}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 60. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Ty}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 pes of shareholder resolution}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 61. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shareholder }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 approval of major transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 62. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unanimous asse}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nt to certain types of action}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Alteration of shareholder rights
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 63. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Alt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 eration of shareholder rights}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 64. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Meanin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 g of class and interest group}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 65. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Dissenting shareholder may requi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 re company to purchase shares}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 66. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Meaning of dissent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Meetings of shareholders
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 67. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shareholder me}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 etings}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 68. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nnual meeting of shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 69. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Sp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ecial meeting of shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 70. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Written }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 resolution in lieu of meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 71. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Procedure for written }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 resolution in lieu of meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 72. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  call meeting of shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 Part 7
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Directors
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Appointment and removal of directors
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 73. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Meaning of director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 74. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Number of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 75. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Qualification of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 76. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Director's consent required}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 77. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Appointment of f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 irst and subsequent directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 78. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Removal of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 79. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Di}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 rector ceasing to hold office}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 80. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Resignation by director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 81. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Restrictions on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  resignation by sole director}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 82. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Notice of change of dire}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ctors or details of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 83. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Remuneration of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 84. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Proceedings of directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Management of company
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 85. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Management of company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12352395 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Directors' duties
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12352395 86. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Director must act in good faith and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  in best interests of company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 87. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Director must com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ply with Act and constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 88. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Reckless trading}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 89. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Duty in relation to oblig}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ations}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 90. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  in relation to self-interest}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 91. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Duty in re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 lation to company information}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 92. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Director's duty of care}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 93. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Relia}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 nce on information and advice}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 94. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Offence of serious breach of duty to act in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 good faith and in company's best interests}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12352395 95. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Effect of unanimous shareholder approval on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  certain duties of directors}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14290731 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Liability of directors
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14290731 96. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Extended meaning of direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 tor for purposes of liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 97. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 Liability of shadow director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 98. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Liability of controller of di}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 rector powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 99. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Liability }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 of delegate of director power}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 100. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Exclu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 sion of shareholder liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 101. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ertain indemnities prohibited}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 102}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Company may indemnify or insure directors in accordance with constitution or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with unanimous shareholder a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 pproval}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 103. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 De}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 fences to criminal liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Prohibition and disqualification of directors
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 104}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Persons prohi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 bited from managing companies}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 105}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Prohibited person may apply }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 for leave to be director, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 106}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may disqualify directo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 rs}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 107}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Who may app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ly for disqualification order}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 108}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Notice of applicati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 on for disqualification order}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 8
\par Enforcement
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Injunctions
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 109}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Injunction restraining contr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 
avention of Act or constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Derivative proceeding
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14290731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 110}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Mea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 ning of derivative proceeding}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 111}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Leave of Court requi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14511230 red for derivative proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 112}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14290731 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Who may apply }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 for leave to bring proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid9968177 113}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid9968177  Matters that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court must cons}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ider on application for leave}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 114}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 quirements for grant of leave}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 115}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Proced}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ure for application for leave}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 116}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Powers of Court in rela}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 tion to derivative proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 117}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 osts of derivative proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Personal proceedings by shareholder
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 118}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Shareholder proceeding agains}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
t director for breach of duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 119}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Shareholder proceeding to enforce dire}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ctor compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 120}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Shareholder proceeding again}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 st company for breach of duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 121}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Shareholder proceeding }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 to enforce company compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 122}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Representative proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Prejudiced shareholders
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 123}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Prejudiced shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 124}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Condu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ct taken to be prejudicial}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 125}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Alteration to constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Investigation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 126}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Investiga}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 tion initiated by shareholder}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 127}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Report to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Court following investigation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 9
\par Adm}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 inistration of companies
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Company transactions
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 128}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Requir}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ements for company obligation}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 129}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Attorneys}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 130}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Va}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 lidity of company transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 131}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Person dealing with company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  may make certain assumptions}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 132}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Effect of assumptions b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 y person dealing with company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 133. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 No constructive notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 134}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Company may cancel transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  in which director interested}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 135}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Company may cancel transactio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 n for breach of director duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 136}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Effect of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 cancellation on third parties}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 

\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid9968177\charrsid10227131 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9968177\charrsid10227131 Pre-incorporation contracts}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9968177 

\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 137. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Meaning of pre-incorporation contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 138. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Company may ratify pre-incorporat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 ion contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-9\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 139. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Warranties implie}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 d in pre-incorporation contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-2\expndtw-10\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 140. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Damages}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285  for breach of implied warranty}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-2\expndtw-10\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-14\insrsid7672273 141. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Failure to ratify}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-12\insrsid7672273 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid7672273 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid7672273\charrsid7672273 Registered office
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 142. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Regis}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 tered office and postal address}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-6\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-11\insrsid7672273 143. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Change of registered office o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 r postal address}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-7\insrsid7672273 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16604285 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid16604285\charrsid16604285 Subpart 4 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid16604285 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid16604285\charrsid16604285  Company }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i0\insrsid7672273\charrsid16604285 records
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 144. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-6\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 145. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Place whe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 re company records must be kept}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-7\insrsid7672273 
\par 146. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Form of company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-7\insrsid7672273 147. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Inspection of company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 
\par 148. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Inspecti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 on of company records by public}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 149. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Inspection of company records b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 y shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 150. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Manner of inspection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-14\insrsid7672273 151. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Copies of records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 152. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Inspection of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285  company documents by directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd0\expndtw-4\insrsid7672273 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid7672273\charrsid7672273 Subpart 5 - Annual return
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-2\expndtw-11\insrsid7672273 153. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Annual return}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-5\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 154. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Time for filing annual return}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-5\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 155. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Annual}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285  return pre-filled by Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-6\insrsid7672273 156. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Registrar may alter Cook Islands regist}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 er to correct company's address}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 157. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Other updating}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285  notices for information events}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-2\expndtw-10\insrsid7672273 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7672273 Part 10
\par Accounting records and financial reporting
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16604285 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid7672273\charrsid16604285 Subpart 1 - Accounting records
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 158. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Company must keep accounting record}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-7\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 159. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Form an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 d content of accounting records}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-7\insrsid7672273 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16604285 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid16604285\charrsid16604285 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid7672273\charrsid16604285 Financial statements
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 160. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Companies that mu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 st prepare financial statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-14\insrsid7672273 161. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Financial statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 162. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Finan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 cial statements must be audited}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-11\insrsid7672273 163. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Company may opt out of preparing fina}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 ncial statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-6\insrsid7672273 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16604285 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid7672273\charrsid16604285 Subpart 3 - Auditor's appointment and role
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7672273 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 164. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Requir}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 ement that auditor be appointed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 165. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Registrar may appoint auditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 
\par 166. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Resignation and casual vacancy}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-11\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 167. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Replacement of auditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-12\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273 168. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Statement by auditor on resignatio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 n}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-2\expndtw-12\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 169. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Qualifications of auditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-12\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 170. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Auditor }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 must avoid conflict of interest}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd-1\expndtw-5\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-13\insrsid7672273 171. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Audi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 tor must report to shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-9\insrsid7672273 172. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7672273 Auditor's att}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 endance at shareholder meetings}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\expnd0\expndtw-4\insrsid7672273 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-2\expndtw-10\insrsid7672273 173. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16604285 Auditor's access to information}{\rtlch\fcs1 \af0 \ltrch\fcs0 \expnd-1\expndtw-8\insrsid7672273\charrsid7672273 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 11
\par Disclosure to shareholders
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Sub}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131 part 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Annual report
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 174}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Annual report to shareholders}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 175}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Contents of annual report}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Miscellaneous documents
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9968177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 176}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Other documents that compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
ny must send to shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9968177 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15157886 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131\charrsid15157886 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15157886 Shareholder request for information
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 177}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Shareholder may reques}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
t information held by company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 178}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 mpany must respond to request}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 179}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Rea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 sons for refusing information}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 180}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Withdrawal of request}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 181}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may order company to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 provide requested information}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 12
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 Company reorganisations
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Amalgamations
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10698886 182. Amalgamations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Court approved reorganisations
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 183}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Meani}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ng of arrangement and company}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 184}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Application to Court for order approving amalgamation, arrangement, or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  compromise}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 185}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may approve amalgamation, arrange}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ment, or compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 186}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Additional orders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 187}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Copies of orders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  must be filed with Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 13
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 Compromises with creditors
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 General
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 188}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Meaning of compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 189}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Who}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  may make compromise proposal}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Compromise procedure
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 190}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Proponent must compi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
le list of affected creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 191}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Proponent must give }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 notice of proposed compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 192}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Requirements for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 notice of proposed compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 193}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Approval of compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Effect of compromise
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 194}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Compromise is bin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ding on company and creditors
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 195}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Variation of compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 196}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may make orders in relati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 on to procedure or moratorium}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 197}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may order that cre}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ditor not bound by compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 198}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Effect of comprom}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ise on liquidation of company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 199}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Costs of compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6517772 Part 14
\par Liquidations
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 General
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 200}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  What this Part does}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 201}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Meani}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ng of insolvency in this Part}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Appointment of liquidator
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 202}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidation begins w}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
ith appointment of liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 203}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Who may be appointed li}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 quidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 204}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Who appoints liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6517772 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid6517772\charrsid10227131 Court appoi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid15157886 ntment of liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251 
\par }\pard \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10227131 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 Role of Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131\charrsid10227131 

\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 205}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6517772 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  When}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Court may appoint liquidator}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Proof of insolvency
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid15598921 206}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921  Appointment of liquidator on gro}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10698886 und that company is insolvent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921 
\par 207}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921  Presumption of ins}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 olvency}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid15598921 
\par 208}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Statutory demand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921 
\par 209}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921  Court m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ay set aside statutory demand}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid15598921 
\par 210}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921  Procedure for application }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 to set aside statutory demand}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid15598921 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid15598921 211.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court's options if satisfied}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10698886  that debt is due by company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Interim liquidator
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 212}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Appointment of interim}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  liquidator}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 213}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Role of interim liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131 ubpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid15598921\charrsid10227131 Process of liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Commencement of liquidation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 214}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator must give}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
 public notice of appointment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 215}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Documents must state t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 hat company is in liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 216}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Effect of commencement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  of liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 217}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Obligations of su}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ppliers of essential services}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Taking control of company property
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 218}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Directors and others must deliver co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
mpany property to liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 First steps in liquidation process
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 219}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  First report to creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 220}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 First meeting of creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par 221}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Purpose }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 of first meeting of creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 222}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  First report and first meeting of creditors not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  required for solvent company}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 223}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator may dispense wi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 th first meeting of creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Reports
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 224}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Six-monthly report
\par 225}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Dispensing with reporting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Meetings
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 226}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Meeting of creditors or shareholders to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
appoint liquidation committee}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 227}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Other meetings}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  of creditors or shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 228}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Procedure for meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  of creditors or shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Liquidation committees
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 229}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Liquidation committees}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 230}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Restrictions on mem}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 bers of liquidation committee}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Creditors' claims
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921 231. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Claims process}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 232}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  O}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 rder in which claims are paid}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 233. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 O}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ther rules relating to claims}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Final report}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 234}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Final report and accounts
\par 235}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Dispensing with final report and accounts
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 Termination of liquidation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 236}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Termination of liquidation
\par 237}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Notice of termination of liquidation
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 Completion of liquidation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 238}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Completion of liquidation
\par 239}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Liquidation Surplus Account
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 Liquidation of assets of overseas company
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921\charrsid4487102 240}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15598921\charrsid4487102  Court may order liquidation of assets of overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15598921\charrsid15598921 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15598921 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Pooling of assets and joint liquidation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15598921 241. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Pooling o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 f assets of related companies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 242. Guidelines for orders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Office of liquidator
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Vacancy
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9981290 243. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Vacancy}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 244}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Resignation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 245}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 view appointment of successor}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 246}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Appo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 intment of successor by Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 247}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Duty to assist successor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Remuneration
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 248}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Remuneration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131\charrsid10227131 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Duties of liquidator
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 249}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Principal duty of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 liquidator}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 250}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Other duties}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 251}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator not required to act in relation to property subject to charge or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
 security interest}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 252}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Duty to consider views }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 of creditors and shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 253}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Duty in relation to accounts}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 254}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Duties in relati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 on to funds}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par 255}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Duties in rel}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ation to company transactions}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 7 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid15157886 Powers of liquidator
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15157886 General powers
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 256}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Powers of liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 257}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidators must act jo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 intly unless otherwise stated}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10698886 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Specific powers
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 258}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator has specific powers se}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
t out in Schedule 11
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10698886 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Production of documents and other information
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 259}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator may require production of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
 company documents or records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 260}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator may req}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 uire provision of information}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 261}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Examination by liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 262}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may order person to comply with requi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 rement under section 259 or 260}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 263}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court process for examinatio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 n and production of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 264}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Restriction on enf}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 orcement of lien over company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 265}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Documents held by receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 266}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Document held by secured creditor
\par 267}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Self-incrimination}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Enforcement of shareholder liability
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 268}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Power to enforce liability of shareholders an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
d former shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Disclaimer of onerous property
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 269}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Meaning of onerous property}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 270}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Power}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  to disclaim onerous property}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 271}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Effect of disclaimer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 272}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator may be required}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  to elect whether to disclaim}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Court supervision
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9981290 273. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may make orders and give directio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ns in relation to liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 274}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidator's defence of acting in accordance with Court d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 irection}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 275}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Compliance order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 276}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Prohibition order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290\charrsid4487102 277}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12017232 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290\charrsid9981290  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290\charrsid4487102 
Person who may apply for compliance or prohibition orders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 9 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9981290\charrsid10227131 Voidable transactions
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9981290\charrsid7041414 278}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290\charrsid7041414  Definition of time periods
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9981290\charrsid7041414 Insolvent transaction
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid7041414 279}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Insolvent transaction voidable
\par 280}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Intent or purpose of company must be disregarded
\par 281}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Procedure for setting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102  aside insolvent transaction}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid4487102 Voidable security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid7041414 282}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Voidable security
\par 283}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Exception for money actually advanced, etc
\par 284}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Exception for substituted security
\par 285}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Exception for security securing unpaid purchase price
\par 286}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Payments received by secured party
\par 287}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Procedure for setting aside voidable security
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid4487102 Transactions under or over value}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9981290 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid7041414 288}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Recovery of profit in transaction at undervalue
\par 289}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Acquisition for excessive consideration
\par 290}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Disposal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102  for inadequate consideration}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16135227 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid4487102 Court may set aside security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid4487102 291}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid16135227  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102 
Court may set aside security over company property}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102 292}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102 Sect
ion 291 does not apply to certain securities}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 10 \endash  Liability of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid16135227\charrsid10227131 directors and others
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid7041414 293}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Liability if proper accounting records not kept
\par 294}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid7041414  Defence to liability under section 293
\par 295}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227\charrsid4487102 Court may require repayment of money or return of property}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16135227 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16135227\charrsid4487102 Part 15}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10227131 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Company receiverships}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16135227 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid1064209\charrsid10227131 General
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209\charrsid4487102 296}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 What this Part does}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16135227 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 297}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Outline of company receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid1064209\charrsid10227131 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid1064209\charrsid10227131 Appointment of receiver
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209\charrsid4487102 298}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Who may be appointed receiver}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 299}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Appointment of receiver under document}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 300}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Extent of power to appoint
 receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 301}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Notice of appointment}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 302}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Notice of receivership}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid7041414\charrsid10227131 Subpart 3 - Vacancy
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9981290 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209\charrsid4487102 303}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Vacancy}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 304}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Resignation}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 305}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Notice of resignation or disqualification}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 306}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Duty to assist successor}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7041414 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid1064209\charrsid10227131 Duties of receiver
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8588133 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1064209\charrsid4487102 307}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 General duties}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 308}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Duty of receiver disposing of property in receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 309}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
No defence or indemnity}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 310}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Duty in relation to money}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 311}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Duty in relation to accounting records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 312}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 
Duty to notify suspected offences, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 313}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1064209\charrsid4487102 Duty to prepare reports
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 314}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Persons entitled to receive an}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10698886 d inspect receiver's reports}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8588133 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Powers of receiver
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 315}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  General powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 316}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Specific powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 317}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Power to execute documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 318}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Power to sell real property in ab}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 sence of mortgagee's consent}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 319}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Power of receiver on liquidat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ion}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 320}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Validity of receiver's acts}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Liability of receiver
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6841639 321. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Contractual liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 322}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liability for wages or salary under exi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 sting contract of employment}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 323}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  for director's remuneration}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 324}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liability for rent }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 and other payments}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 325}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liability on contract en}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 tered into without authority}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Relief}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16414340  from liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 326}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Recei}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ver is entitled to indemnity}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 327}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may rel}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ieve receiver from liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 7}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Court supervision
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 328}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may give directions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
 in relation to receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10698886 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 329}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may make orders in relation to remuneration and validity of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  appointment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 330}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102  Receiver's defence of acting in acc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ordance with Court direction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 331. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Compliance order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 332}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Prohibition order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 333}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Person who may apply for comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 liance or prohibition orders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 334}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Order protect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ing property in receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 335}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may ter}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 minate or limit receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16414340 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Supply of essential services
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6841639 336. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Obligations of supp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 liers of essential services}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16414340 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16414340 Part 16
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Rem}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16414340 oval from Cook Islands register
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Removal from register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 337}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Removal from register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 338}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Grounds for removal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 339}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Request for removal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Procedure for removal from register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 340}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  When}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12017232  notice of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10698886 removal required}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 341. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Objection to removal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 342}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  M}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 eaning of undischarged claim}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 343}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Procedure for objection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Effect of removal from register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 344}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Proper}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ty of company vests in Crown}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 345}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Person claiming}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  property may apply to Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 346}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liability of directors, shareh}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 olders, and others continues}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 4 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Crown's disclaimer of property vesting on removal from register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 347}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Crown m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ay disclaim onerous property}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 348}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Restri}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ctions on Crown's disclaimer}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 349}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Effect of Crown's disclaimer}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Restoration of company to register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 350}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  When Registrar must restore comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 
any to Cook Islands register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 351. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Court may order restoration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 352. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Restoration to register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 353}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Property re-vests in compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 y on restoration to register}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 354}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Court may order re-transfer of land or compensation on restoration of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  company to register}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 17
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 Overseas companies
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Preliminary
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 355}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Mea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ning of carrying on business}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 356}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Name of overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  must comply with section 11}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 357}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Use of name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  by overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Registration
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 358}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Overseas company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 must register under this Act}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 359}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Validity }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 of transactions not affected}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 360}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Application for registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Administration of overseas company
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 361}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Annual return by o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 verseas company}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 362}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  Allocated month}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 363}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Registrar must remove overseas company for failure to make annual return}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886  after 6 months}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 364}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Notice of change of directo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 rs, etc, of overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 365}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Overseas company ceasing to carry on busines}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 s in Cook Islands}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 366}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Att}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 orneys of overseas companies}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 367}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Exemption fr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 om requirements of this Part}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 18
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6841639 Registrar of Companies
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Registrar
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10698886 368. Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 369}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 . Deputy Registrars}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 370}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  First appointment of Registrar under this Ac}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 t}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Cook Islands register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6841639 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10698886 371.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 372}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 . Registration of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 373}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 . When document registered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 374}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  When Registrar may reje}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ct document for registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 375}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  No presumpti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 on of validity or invalidity}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 376}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Inspection of registe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par 377}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Copies and c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ertified copies of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Changes to register
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6240593 378. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Rectificati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 on or correction of register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 379}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Registrar may requ}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ire information from company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 380}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 Registrar may amend register}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Inspection by Registrar
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 381}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Registrar may require production of documents and confirmation of}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12017232  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 information}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 382}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Disclosur}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 e of information and reports}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 383}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Restrictio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 ns on disclosing information}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 384}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Report admissibl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 e in liquidation proceedings}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Appeals
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 385}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Appeal}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 s from Registrar's decisions}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 386}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Exercise of inspection }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 power not affected by appeal}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 387}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Destruction of documents on successful appe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10698886 al against inspection power}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6240593 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Notices by Registrar
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 388}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Notices generally}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 389}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Noti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 ce to individuals}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par 390}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Admissibility o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 f copy of Registrar's notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10227131 Part 19
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Offences
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Dishonesty offences
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 391}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  F}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 alse statements in documents}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 392}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Fraudulent use or des}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 truction of company property}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 393. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 Falsification of records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 394}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Carry}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 ing on business fraudulently}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 395. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Causin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 g material loss to creditors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 396}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Dishonestly incurring debt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Offence in relation to offer of securities to public
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 397}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Misleading or deceptive conduct in relation to offer of securities }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13657082 to public}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 398}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Definitions }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 for purposes of section 397}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 

\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Liquidation offences
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 399}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 onduct hindering liquidation}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 400}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  False or mis}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 leading claim in liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Procedure
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 401}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Proceedings for offences}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 20
\par Miscellaneous
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131\charrsid10227131 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Service and communication of documents
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 402}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Service of documents}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 403}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Company com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 munication with shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Privileged communications
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6240593 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 40}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6240593 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Privileged communications}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6240593 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Regulations
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid1386456 405}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456\charrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Regulations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid1386456 
\par 406}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456\charrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid1386456  Regulations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  providing f}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13657082 or transitional matters, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10227131 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Re-registration
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 407}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Application for re-regi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 
stration of existing company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 408. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Failure }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 to apply for re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 409}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Application for re-registration }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 of existing overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par 410}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082  Re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par 411}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Mean}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 ing of existing company, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Transitional provisions
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657082 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 412}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Liquidation or other proceeding that is incomplete on commencement of this}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13657082  Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 6}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Repeal and revocation
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 413}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 panies Act 1970-71 repealed}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1386456 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 7}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Amendments to other enactments
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 414}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Other enactments: consequential amendm}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 
ents and references updated}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1386456 
\par }\pard\plain \ltrpar\s43\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Subpart 8}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10227131  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10227131 Company charges
\par }\pard\plain \ltrpar\s44\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 415}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  Part IV Companies Act 1955 of Ne}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082 
w Zealand continues to apply}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657082\charrsid4487102 
\par }\pard \ltrpar\s44\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13382297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 Schedule 1
\par Interpretation
\par Schedule 2
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Default constitution for compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 y registered with 1 shareholder
\par Schedule 3
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Default constitution for company registered wit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7017908\charrsid13382297 h 2 to 9 shareholders
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 Directors
\par Schedule 4
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Default constitution for company registered with 10 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7017908\charrsid13382297 or more shareholders
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 Schedule 5
\par Procedure for minority buy-out
\par Schedule 6
\par Amalgamations
\par Schedule 7
\par Meetings of creditors
\par Schedule 8
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Restrict}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 ions on prior execution process
\par Schedule 9
\par Creditors' claims
\par Schedule 10
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Meetings of liqu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 idation committees
\par Schedule 11
\par Powers of liquidator
\par Schedule 12
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Procedure for setting aside voida}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 ble transactions and securities
\par Schedule 13
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Liquidation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 of assets of overseas companies
\par Schedule 14
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Requ}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 irements for receiver's reports
\par Schedule 15
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Service of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1386456\charrsid13382297 documents
\par Schedule 16
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13382297 Consequential amendments to other Acts
\par }\pard\plain \ltrpar\s28\ql \li0\ri0\sl-360\slmult0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13065224 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224 
\par 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10819251\charrsid139885 An Act to modernise and reform}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid139885\charrsid139885  the law relating to companies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid139885 The Parliament of the Cook Islands enacts as follows}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13065224  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid139885 \_
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid1386456 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid1386456 Title
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Act is the Companies Act 2017.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid1386456 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid1386456 Commencement
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Act comes into force on a date to be appointed by the Queen's Representative by Order in Executive Council.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid139885  1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par Preliminary matters
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Purpose
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1386456 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224  Act has the following purposes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide for the efficient registration and incorporation of 
companies in the Cook Islands; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
to provide for flexible and adaptable company structures in the Cook Islands that are economically efficient and economically enhancing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide for proper but not excessive regulation and administration of companies in the Cook Islands; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide a modern and clear statement of the rules that apply to companies in the Cook Islands; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide for a procedure for the creditors of an insolvent company to enter into a compromise with the company: and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide for the efficient and orderly liquidation of insolvent companies; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to clarify and modernise the law relating to company receiverships.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Interpretation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Act must be interpreted in accordance with the definitions and other interpretative provisions set out in Schedule 1.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Act binds the Crown
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Act binds the Crown.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 2
\par Incorporation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Essential requirements
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13065224 A company must have -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a name; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a constitution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 1 or more shares; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 1 or more shareholders, having limited or unlimited liability for the obligations of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 1 or more directors, of whom at least 1 must\_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 live in the Cook Islands; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 live in New Zealand and be a director of a company that is regi
stered (except as the equivalent of an overseas company) in New Zealand.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Application for registration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13715027 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6248424 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may, either alone or together with another person, apply for the registration of a company under this Act.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An application for the re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224 gistration of a company must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 signed by the person or persons making the application; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6248424 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224 The application must specify -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of the company, which must comply with section 11; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
whether the constitution of the company differs from the default constitution prescribed for the company under Schedule 2, 3, or 4; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the full name, residential address, and postal address of every proposed director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether each person named as a director of the company has consented to act as a director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the full name of every shareholder of the proposed company, and the number of shares to be issued to every shareholder; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the registered office of the proposed company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6248424 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the postal address of the company, which may be the registered office or any other postal address.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13715027 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application for regi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224 stration must be accompanied by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a copy of the constitution to the extent that the company elects not to use, or elects to modify, the default constitution prescribed for the company under Schedule 2, 3, or 4; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the prescribed fee.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Certificate of incorporation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13715027 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 As soon as the Registrar receives an application for registration that complies wit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13065224 h section 7, the Registrar must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enter the company on the Cook Islands register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 issue a certificate of incorporation of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Incorporation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13715027 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A certificate of incorporation of a comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 any is conclusive evidence that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all the requirements of this Act as to incorporation have been complied with; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on and from the date of incorporation stated in the certificate, the company is incorporated under this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Separate legal personality with full capacity
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13715027 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is a legal entity in its own right separate from its shareholders and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 continues in existence until it is removed from the Cook Islands register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 (2) A company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has full
 capacity to carry on or undertake any business or activity, do any act, or enter into any transaction; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may do anything authorised by this Act or the company's constitution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13715027 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may do anything that a natural person of full age and capacity may do.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsection (2) is subject to this Act, any other enactment, and the general law.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 3
\par Company name
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Name of company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11931589 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The name of a company must end with the word "Limited" or "Ltd".
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must not re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 gister a company with a name if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 use of the name would contravene any enactment; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name is identical or almost identical to the name of another company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the opinion of the Registrar, the name is offensive; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name gives the impression that it is e
ither endorsed by or represents a public or other prestigious entity with which it has no such connection.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Change of name
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application to chang}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 e the name of a company must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 signed by a director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 accompanied by the prescribed fee (if any).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application to change the name of a company is not an amendment of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 constitution of the company for the purposes of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 As soon as the Registrar receives an application that complies with subsection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1) and the requirements of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685  section 11, the Registrar must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enter the new name of the company on the Cook Islands register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 issue a fresh certificate of incorporation for the company recording the new name of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 ) A change of name of a company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
takes effect from the date specified in the certificate issued under subsection (3)(b); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not affect rights or obligations of the company, or legal proceedings by or against the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Direction to change name
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11931589 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if the Registrar believes on reasonable grounds that a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11931589  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company has been registered under a name that contravened section 11 at the time of registration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 The Registrar may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid550326 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
serve a written notice on the company requiring it to change its name within a date specified in the notice that is not less than 20 working days after service of the notice; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid550326 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company does not comply with the notice,
 enter a new name for the company on the Cook Islands register in the form of "Number x Company Limited" with "x" being a unique number assigned to the company by the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid550326 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On a change o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 f name under subsection (2)(b), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15226718 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar must iss
ue an amended certificate of incorporation for the company recording the new name of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15226718 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
section 12(4) applies to the registration of the new name as if the name of the company had been changed under section 12.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Use of company name
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must ensure that its name is clearly stated in\tab  \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 every written communication sent by, or on behalf of, the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 every document issued or signed by, or on behalf of, the company that evidences or creates a legal obligation of the company.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a document referred to in subsection (1)(b) does not correctly state the name}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of the company, every person who issued or signed the document (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6053412 issuer or signatory}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) is liable to the same extent as the company if the company fails to discharge the obligation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the issuer or signatory is not liable under subsection (2) if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
that person proves that the person in whose favour the obligation was incurred was aware at the time the document was issued or signed that the obligation was incurred by the company; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 
\par {\listtext\tab}(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it would not be just or equitable for the issuer or signatory to be liable.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company gives public notice of any matter and the name of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 has been changed within the previous 12 months, the company mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 t ensure that the notice states -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that the name of the company has changed in that period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the former name or names of the company.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 4
\par Company constitution
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company must have constitution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Every company must have a constitution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), the constit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 ution may be 1 of the following -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the appropriate default constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that default constitution as altered or modified; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a constitution in substitution for that default constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company's appropriate default constitution is the constitution prescribed for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the company under Schedule 2, 3, or 4 as determined by its number of shareholders, that is,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if a single shareholder, Schedule 2 applies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if 2 to 9 shareholders, Schedule 3 applies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if 10 or more shareholders, Schedule 4 applies.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution of the company must be its default constitution as determined}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 by its number of shareholders except to the extent that, whether on registration, re-registration, or at any subsequent time, \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there is substituted another constitution for it; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it is altered or modified.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that substitutes a constitution for its default constitution, or alters or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 modifies its default constitution, must hold at its registered office and make available for inspection the following, as applicable\emdash 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the substituted constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the modifications and alterations to its default constitution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 16\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Substitution, adoption, or amendment of constitution after incorporation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8265365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to any restrictions in its constitution, a company may by special resolution, substitute or adopt a new constitution or amend its existing constitution or default constitution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Within 10 working days after a change in constitut
ion under subsection (1), the company must file a notice in the prescribed form with the Registrar for registration.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 17\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Content and effect of constitution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The consti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 tution of a company may contain -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 matters contemplated by this Act for inclusion in the constitution of a company; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other matters that the company wishes to include in its constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution is of no effect to the extent that it }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 contravenes, or is inconsistent }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 with, this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 Subject to subsection (2), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the constitution has effect and may be enforced as if it constituted a contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 between the company and its shareholders; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 between the company and each director; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the shareholders and directors of a company have the rights, pow
ers, duties, and obligations set out in the constitution of the company.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16726685 Part 5
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14958943 Subpart 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid16726685\charrsid14958943  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14958943 General
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 18\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Legal nature of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A share in a company is personal property.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 19\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 No nominal value or bearer share
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8265365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A share must not have a nominal or par value.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in subsection (1) prevents the issue by a company of a redeemable share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8265365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not issue a share that is a bearer share and a share that is issued in contravention of this subsection is a nullity.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 20\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Minimum number of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8265365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must have at least 1 issued share.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 21\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Rights and powers attached to shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (2), a share in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16726685 a company confers on the holder -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the right to vote on a poll at a meeting of the company on any resolution, including any resolution to}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14958943  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint or remove a director or auditor:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 adopt a constitution:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amend the company's constitution:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approve a major transaction:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (v) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approve an amalgamation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (vi) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint a liquidator:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the right to an equal share in dividends paid by the company:
\par {\listtext\tab}(c) the right to an equal share in the distribution of the surplus assets of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The rights specified in subsection (1) may be negated, limited, modified, or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14958943 added to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by the constitution of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with the terms on which the share is issued.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the constitution, a company may issue different classes of shares.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsecti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 on (2), shares in a company may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be redeemable:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confer preferential rights to distribution of capital or income:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confer special, limited, or conditional voting rights:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 not confer voting rights.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 22\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shares must not impose liabilities on holder
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 A share must not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be partly paid; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise impose any liability on its holder to make a payment to the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not issue a share that contravenes subsection (1).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 N}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 othing in subsection (1) or (2) -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prevents a company from attaching conditions, 
limits, or restrictions to the rights and powers attached to the share; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3478555 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prevents a company from issuing a share on credit terms that provide for a liability to make future payments to the company on the part of the person to whom it is first issued.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14958943 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14958943  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14958943 Issue of shares
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 23\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Issue of initial shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must, immediately after the registration of the company, issue to any person named in the application for registration as a shareholder the number of shares specified in the application as 
being the number of shares to be issued to that person or those persons.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 24\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Issue of other shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3478555 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 pany may issue shares -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with its constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the approval of all shareholders under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must, within 10 working days after the issue of any shares, file with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar for registration a notice in the prescribed form of the issue of the shares by the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the rights attached to the shares are not set out in full in the constitution, the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice must be accompanied by a document setting out the terms of the issue of the shares.
\par (4)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (2), every director of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 25\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Time of issue of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A share is issued when the name of the holder is entered on the share register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 26\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Pre-emptive rights
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4748204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares issued or proposed to be issued by a com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 pany that rank or would rank as }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
to voting or distribution rights, or both, equally with or prior to shares already issued by the company must be offered for acquisition to the holders of the shares already issued in a manner and on terms that would
, if accepted, maintain the existing voting or distribution rights, or both, of those holders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An offer under subsection (1) must remain open for acceptance for a reasonable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 time.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution of a company may negat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 e, limit, modify, or add to the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 requirements of this section.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 27\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Consideration for issue of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4748204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The consideration for which a share is issu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 ed may take any form and may be }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 cash, promissory notes, contracts for future services, real or personal property, or other financial products of the company (for example, a debt security).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Before a company issues shares under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943  section 24, the directors must -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 decide the consideration for which the shares will be issued; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if the shares are to be issued other than for cash, determine the reasonable present cash value of the consideration for the issue; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resolve that, in their opinion, the consideration for, and the t
erms of, the issue are fair and reasonable to the company and all existing shareholders.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 28\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Consent to issue of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4748204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not issue a share to a person that increases that person's liability to the company or imposes a new liability on that
 person to the company unless the person or the person's agent has first consented in writing.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The issue of a share in breach of subsection (1) is void.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14958943 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14958943 Distributions to shareholders
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 29\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Distributions prohibited unless solvency test satisfied
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4748204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A company must not make, and the directors must not authorise, a distribution to shareholders unless there are reasonable grounds for believing that, after the distribution is made, the company will satisfy the solvency test.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Act, a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943  satisfies the solvency test if -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company is able to pay its debts as they become due in the normal course of business; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the value of its assets is greater than the value of its liabilities, including its contingent liabilities.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 30\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of distribution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4748204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Part, a company makes a d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 istribution to a shareholder if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14958943 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
directly or indirectly transfers money or property (other than the company's own shares) to or for the benefit of the shareholder; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 incurs a debt to or for the benefit of the shareholder; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14958943 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the company does so in relation to the shares held by that shareholder, whether by means of}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14958943  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a dividend; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the purchase, redemption, or other acquisition of shares; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a distribution of indebtedness; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4748204 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 some other means.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 31\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Recovery of improper distributions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that has made a distribution to a shareholder in breach of section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 29, 32, or 33 may recover the distribution from the shareholder unless subsection (2) applies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company may not recover the distr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14958943 ibution if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shareholder received the distribution i
n good faith and without knowledge of the company's breach of section 29, 32, or 33, as the case may be; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shareholder has altered the shareholder's position in reliance on the validity of the distribution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it would be unfair to require payment in full or in part.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who authorised a distribution that has been made in breach of section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 29 and who at the time of authorising knew or ought to have known that the distribution did not comply with section 29 is liable to pay to the c
ompany so much of that distribution as is not reasonably recoverable from the person or persons to whom it was made.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In a proceeding under this section to recover an improper distribution, the Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may, if satisfied that distribution of a lesser amoun
t could have complied with section 29, permit a shareholder to retain, or excuse a person who authorised the distribution from liability in respect of, any amount equal to the value of any distribution that could properly have been made.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid6032740 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6032740 Dividends
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 32\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dividends
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may pa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6700711 y a dividend to shareholders if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company complies with section 29; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the dividend is authorised by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6700711  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all the shareholders under section 62; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the directors, if the constitution so provides.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A dividend authorised by the directors mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 t comply with any conditions or }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 restrictions set out in the constitution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the constitution and to the terms of issue of any share, a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6700711 must not pay a dividend -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in respect of some but not all the shares; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that is of greater value per share in respect of some shares than of others.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6700711 dividend}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  me}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 ans any distribution other than -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a distribution by way of the repurchase or redemption of shares; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a distribution of the surplus assets of the company in liquidation.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9984842\charrsid9984842  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Company may acquire its own shares
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 33\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may acquire its own shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 y may acquire its own shares if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company complies with section 29; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the acquisition is an approved acquisition.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An approved acquisitio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 n is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an acquisition made by agreement with a shareholder in accordance with the constitution or with the approval of all shareholders under section 62;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the acquisition of a dissenter's shares under section 65.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 34\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of company's acquisition of its own shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9897314 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that acquires its own shares must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 , within 10 working days of the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 acquisition, file with the Registrar for registration a notice in the prescribed form of the acquisition.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must also send the notice requir}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 ed under subsection (1) to each }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder within 20 working days after the acquisition unless the acquisition results from an offe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 r made to all shareholders that -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 would, if accepted, leave unaffected relative voting and distribution rights; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 affords a reasonable time for acceptance of the offer.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (1) or (2), every director commits}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 35\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Cancellation of shares acquired by company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company acquires its own shares, the shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  must be treated as immediately }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 cancelled on acquisition unless section 37 applies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this section, a company acquires a share at the time when it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 would, apart from this section, beco}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 me entitled to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the rights attached to that share; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give directions to the shareholder as to the manner in which any of those rights should be exercised.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid9897314\charrsid4487102 \hich\af0\dbch\af0\loch\f0 36\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid9897314\charrsid4487102 Enforceability of contract to repurchase shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9897314 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 
A contract with a company providing for the acquisition by the company of its shares is specifically enforceable against the company except to the extent that performance would breach section 29.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 The company has the onus of proving that performance of the contract would breach section 29.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 Until the company has fully performed a contract referred to in subsection (1), the other party to the contract retains th}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9984842 e status of a claimant entitled -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 to be paid as soon as the company is lawfully able to do so; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314\charrsid4487102 
before removal of the company from the Cook Islands register, to be ranked subordinate to the rights of creditors but in priority to the other shareholders.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid9984842 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Treasury stock
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 37\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may hold its own shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9897314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares that are acquired by a company under section 33 are not treated as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9897314  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 immediat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 ely cancelled on acquisition if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the constitution of the company expressly permits the company to hold its own sha
res; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the directors resolve that the shares in question not be cancelled.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares referred to in subsection (1) (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8987270 treasury stock}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) are held by the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 itself.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 38\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Rights and obligations of treasury stock suspended
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14712337 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The rights and obligations attaching to a share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  that a company holds in itself }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 must not be exercised by or against the company while it holds the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsection (1), while a compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 ny holds a share in itself, the }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 company must not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise any voting rights attaching to the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make or receive any distribution in respect of the share.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid15478191 \hich\af0\dbch\af0\loch\f0 39\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid15478191 Company may transfer treasury stock
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may transfer a share that it holds in itself as if the transfer were the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 issue of the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the transfer of a share by a company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 in itself is not subject to any }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provision in this Act or the company's constitution relating to the issue of shares, except to the extent that the company's constitution expressly applies that provision.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid9984842 Subpart 7 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Redeemable shares
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 40\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of redeemable
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Act, a share is redeemable if the constitution makes provision for the issue of redeemable shares and under the cons}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 
titution or the terms of issue}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the share is redeemable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at the option of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at the option of the holder of the share; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on a date specified in the constitution or the terms of issue; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the share is redeemable for a consideration that is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 specified; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to be calculated by reference to a formula; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 required to be fixed by a suitably qualified person who is not associated with or interested in the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 41\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Redemption of redeemable shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14712337 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may redeem a redeemable sha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 re if the company complies with }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 section 29.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company has the onus of proving that redem}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 ption of the share would breach }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 29.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Until the company has fully redeemed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  a share in accordance with the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 constitution or the terms of issue, the former holder of the share retains th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984842 e status of a claimant entitled -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to be paid as soon as the company is lawfully able to do so; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
before removal of the company from the Cook Islands register, to be ranked subordinate to the rights of creditors but in priority to the other shareholders.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 42\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Cancellation of redeemed shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14712337 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares that are redeemed must be treated as cancelled immediately on redemption, unless the constitution or the terms of issue provide otherwise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the cancellation of a redeemed share under subsection (1),\_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the rights attached to that share expire; but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company may re-issue the share.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 43\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of redemption of redeemable shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14712337 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that redeems redeemable shares mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 t, within 10 working days after }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the redemption, file with the Registrar for registration a notice of redemption in the prescribed form.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with this subsect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 ion (1), every director commits }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence and is liable on conviction to a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Subpart 8}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9984842  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9984842 Assistance by company for purchase of its own shares
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 44\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Financial assistance
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may give financial assistance to a person for the purpose of, or in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 connection with, the purchase of a share issued or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634  to be issued by the company if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the assistance meets the requirements set out in subsection (3); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company has made the disclosure required by subsection (4).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The assistance may be direct or indirect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The requirements for financi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 al assistance are the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the compa
ny gives the assistance in the normal course of business and on usual terms and conditions; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the assistance is authorised by the directors or by all the shareholders under section 62; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
there are reasonable grounds for believing that, after providing the assistance, the company will satisfy the solvency test; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company complies with any conditions or restrictions on giving assistance contained in the constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14712337 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Before making an offer of financial assistance, the company must send to each}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder a disclosure document that con}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 tains the following information -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the nature and terms of the financial assistance:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of the person to whom it will be offered:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the nature and extent of any relevant interest of a director of the company in the financial assistance:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the directors authorise the financial assistance, the text of that resolution:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14712337 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 such further information and explanation as is necessa
ry for a reasonable shareholder to understand the nature of the financial assistance and its implications for the company and the shareholders.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A disclosure document is not required if the assistance is authorised by all the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholders under section 62.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11752634 Subpart 9 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11752634 Cross-holdings
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 45\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Subsidiary may not hold shares in holding company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5732683 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to this section, a subsidiary must not hold shares in its holding company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An issue of shares by a holding company to its subsidiary is void and of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A transfer of shares in a holding company to its subsidiary is void and of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Nothing in this section or section 46 prevents a subsidiary from holding shares in its holding company in its capacity as a personal representative or a truste
e unless the holding company or another company has a beneficial interest under the trust other than an interest that arises by way of security for the purposes of a transaction made in the ordinary course of the business of lending money.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section and section 46 apply to a nominee for a subsidiary in the same way}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as they apply to the subsidiary.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 46\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exception for company that subsequently becomes subsidiary
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company that holds shares in another company becomes a subsidiary of that other company, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 e subsidiary -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may, despite section 45(1), continue to hold those shares; but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may not exercise any voting rights attaching to those shares.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11752634 Subpart 10 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11752634 Transfer of shares
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 47\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Transfer of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A share in a company is transferable subject to any limitation or restriction on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the transfer of shares in the constitution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A share is transferred by entry in the share regi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 ster in accordance with section }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 49.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purpose of transferring shares, a form of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  transfer signed by the present }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 holder of the shares or the shareholder's personal repr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 esentative must be delivered to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an agent of the company who maintains the register of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (4)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The personal representative of a deceased shareh}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5732683 older may transfer a share even }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 though the personal representative is not a shareholder at the time of transfer.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 48\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Transfer of shares by operation of law
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares in a company may pass by operation of law despite anything in the constitution.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11752634 Subpart 11 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11752634 Share register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 49\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company to maintain share register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must maintain a share register that records the shares issued by the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 ompany and states the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the names, alphabetically arrange
d, and the last known address of each person who is, or has within the last 7 years been, a shareholder:
\par {\listtext\tab}(b) the number of shares of each class held by each shareholder within the last 7 years:
\par {\listtext\tab}(c) the date of each of the following transactions within the last 7 years}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the issue of shares to a shareholder:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the repurchase or redemption of shares from a shareholder:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the transfer of shares by or to a shareholder:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) in relation to the transfer of shares by or to a shareholder, the name of the person to or from whom the shares were transferred.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 The share register must be kept -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in written form or in a form that is readily accessible and convertible into written form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at the registered office of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5732683 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The share register may be maintained by an agent on behalf of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with the requiremen}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 ts of this section, the company }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 50\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Share register as evidence of legal title
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5732683 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to section 51, the entry of the name of a person in the share register as holder of a share is evidence that legal title to the share vests in that person.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must treat the registered holder of a share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634  as the only person entitled to -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the right to vote attaching to the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive notices; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive a distribution in respect of the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the other rights and powers attaching to the share.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 51\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power of Court to rectify share register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the name of a person is wrongly entered in, or omitted from, the share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of a company, the Court may, on the application of the person ag}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 grieved or a shareholder, order -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 rectification of the share register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 payment of compensation by the company for any loss sustained; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 both rectification and payment of compensation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application under subse}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 ction (1), the Court may decide -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a question relating to the entitlement of a person who is a party to the application to have that person's name entered in, or omitted from, the register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a question necessary or expedient to be decided for rectification of the register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 52\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Beneficial ownership of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No notice of a trust, whether express, implied, or constructive, may be entered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 on the share register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 (2) However, a company must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
obtain and maintain sufficient information to identify the beneficial owner of a share issued by the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
disclose that information in a written notice to the Registrar on the written request of the Registrar without the necessity for a Court order requiring disclosure.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5732683 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (2), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2973711 beneficial owner}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the person who}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5732683  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ultimately owns or controls the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634  subsection (2)(b), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16397040 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16397040 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company commits an offence and is liable on conviction to a fine not exceeding $10,000; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16397040 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 every director commits an offence a
nd is liable on conviction to a fine not exceeding $10,000 or to a term of imprisonment not exceeding 12 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 53\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Personal representative of deceased shareholder or assignee of bankrupt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be registered
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2973711 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite section 52, a personal representative }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 of a deceased person whose name }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 is registered in the share register as the holder of a share in a company is entitled to be registered as holder of that share as personal representative.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite section 52, the assignee of the prope}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 rty of a bankrupt whose name is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 registered in the share register as the holder of a share in a company is entitled to be registered as holder of that share as the assignee of the property of the bankrupt.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The registration under this section of a trustee, a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 n executor or administrator, or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an assignee in bankruptcy does not constitute notice of a trust.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11752634 Subpart 12 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11752634 Share certificates
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 54\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Share certificates
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder may apply to the company for a share certificate relating to some}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 or all of the shareholder's shares in the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On receipt of an application under subsection (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 1), the company must, within 20 }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 working days a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 fter receiving the application, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) if the application relates to all of the shares, send to the shareholder a certificate stating}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11752634  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the class of shares held by the shareholder; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the number of shares held by the shareholder to which the certificate relates; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) if the application relates to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11752634 some but not all of the shares, -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sepa
rate the shares entered in the register in the name of the applicant into separate parcels (one being the shares to which the application relates, and the other parcel being the remaining shares); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 send to the shareholder a certificate that complies with paragraph (a) in respect of each parcel.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a shareholder whose share certificate is lost or destroyed,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the company must, on payment of a reasonable fee, issue a replacement certificate.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder's application for a replacement certificate must be accompanied}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) a statutory declaration by the shareholder that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the share certificate has been lost or destroyed; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if lost, a proper search has been made for it; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the share certificate has not been sold, pledged, or otherwise disposed of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133 ;}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) an undertaking by the shareholder to return the share certificate to the comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133 
any if it is found or recovered.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 55\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registration of share transfer
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not register a transfer of shar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 es to which a share certificate }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 relates unless the form of transfer required by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133 section 47(3) is accompanied by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the share certificate; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence as to its loss or destruction and, if required, an appropriate indemnity.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4471133 (2) A company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must cancel a share certificate sent to the company to enable registration of the transfer of the shares to which it relates; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not issue a further share certificate in relation to those shares except at the request of the transferee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9007835 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must, within 10 working days after registering a transfer of its}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 shares, file with the Registrar for registration a notice of transfer of shares in the prescribed form.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9007835 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (2), the company commits an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 offence and is liable on conviction to a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 6
\par Shareholders
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid4471133 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid4471133 General
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 56\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company must have at least 1 shareholder
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must, at all times, have at least 1 shareholder.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 57\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability of shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2973711 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder is not liable for an obligation o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 f the company by reason only of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 being a shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liability of a sharehold}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4471133 er to the company is limited to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any liability to repay a distribution that is recoverable under section 30; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any liability under section 96.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid4471133 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid4471133 Powers of shareholders
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 58\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Decisions reserved for shareholders only
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following powers may be exercised by th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 e shareholders only and may not }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 be delegated unde}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 r the constitution or otherwise -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the power to substitute or adopt a new constitution, or to amend the company's existing constitution or default constitution, under section 16:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the power to approve a major transaction under section 61:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the power to appoint a 
liquidator (but this is subject to section 204(1) which allows the directors to appoint a liquidator on the occurrence of an event specified in the constitution).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2973711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following powers may be exercised by the shareholders only unless the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2973711  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid2765993 constitution provides otherwise -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the power to appoint or remove a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the power to appoint an auditor.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution may provide for other matters to be decided by shareholders or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 approved by shareholders.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 59\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 How shareholder power may be exercised
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A power referred to in section 58(1)(a) or (c) must be exercised by special}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A power referred to in sec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 tion 58(1)(b) must be exercised -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by special resolution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A power referred to in section 58(2) and (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 3) may, unless the constitution }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 rovides otherwise, be exercised -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by ordinary resolution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with section 62.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 60\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Types of shareholder resolution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6762482 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An ordinary resolution is a resolution that is approved by a simple majority o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 f }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the votes of those shareholders entitled to vote and voting on the question.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A special resolution is a resolution approved}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482  by a majority of 75% (or, if a }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 higher majority is required by the constitution, that higher majority) of the votes of those shareholders entitled to vote and voting on the question.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 61\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder approval of major transaction
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not enter into a major transa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 ction unless the transaction is -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approved by the shareholders by special resolution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approved by unanimous shareholder approval under section 62; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 conditional on approval under paragraph (a) or (b).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2765993 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6762482 assets}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  includes property of any kind, whether tangible or intangible}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6762482 major transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , in relation to a company, mea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2765993 ns -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid2765993 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the acquisition of, or an agreement to acquire, whether contingent or not, assets the value of which is more than half of the company's assets before the acquisition; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the disposition of, or an agreement to dispose of, whether contingent or not, assets of the company the value of which is more than half the value of the company's assets before the disposition; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a transaction that has, or is likely to have, th
e effect of the company acquiring rights or interests or incurring obligations or liabilities the value of which is more than half the value of the company's assets before the transaction.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6762482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6762482 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in paragraph (b) or (c) of the definition of major tran
saction in subsection (2) applies by reason only of the company granting, or agreeing to grant, a security interest in assets of the company, the value of which is more than half the val}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14966288 
ue of the company's assets, for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  the purpose of securing the repayment of money or the performance of an obligation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6762482 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Nothing in this section applies to a major transaction entered into by a receiver appointed under a document granting a security interest in property of a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 62\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Unanimous assent to certain types of action
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If all the shareholders of a company consent to, or concur in, any action taken}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 by the company or a director, the taking of that action must be treated as validly au}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 thorised by the company despite -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 anything to the contrary in the constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the absence of express authority to take that action in the constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The matters that may be authorised in accordan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 ce with subsection (1) include, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 but ar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 e not limited to, the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the issue of shares:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the making of a distribution (but }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid1128793 see}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102  subsection (3)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the repurchase of shares:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 giving financial assistance for the purpose of, or in connection with, the purchase of shares in the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the payment of remuneration to a director, or the making of a loan to a director, or the conferral of any other benefit on a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the making of a contract between the company and a director, or of any other contract in which a director has an interest:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 entry into a major transaction:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the ratification after the event of any action that could have been authorised under this section.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not authorise a distribution under this section unless there are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 reasonable grounds for believing that, after the distribution is made, the company will satisfy the solvency test.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8288254 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 32 applies to a distribution made in breach of subsection (3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 ) as if -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the distribution had been made in breach of section 29; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the distribution was authorised by all the shareholders.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1128793 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1128793 Alteration of shareholder rights
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 63\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Alteration of shareholder rights
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not take action that affects the r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 ights attached to shares unless }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 hat action has been approved by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a special resolution of each interest group; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unanimous shareholder approval under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (1), the rights attached to a share include}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the rights, privileges, limitations, and conditions attached to the share 
by this Act or the constitution, including voting rights and rights to distributions; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the right that the company comply with any provisions of the constitution in relation to the issue of further shares; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the right that the company comply 
with subsection (1) and any further procedure required by the constitution for the amendment or alteration of rights; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the right that a procedure required by the constitution for the amendment or alteration of rights not be amended or altered.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 64\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of class and interest group
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 For the purposes of section 63, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1128793 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4804708 class }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
means a class of shares having attached to them identical rights, privileges, limitations, and conditions
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4804708 interest group}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , in relation to any action or proposal affecting rights attached to shares}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1128793 , means a group of shareholders -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid1128793 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whose affected rights are identical; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whose rights are affected by the action or the proposal in the same way; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to subsection (2)(b), who comprise the holders of 1 or more classes of shares in the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of section 63 and the definition in subsection (1) of interest}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1128793 group, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 1 or more interest groups may exist in relation to any action or proposal; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 holders of shares in the same class may fall into 2 or more interest groups if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 action is taken in relation to some holders of shares in a class and not others; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a proposal expressly distinguishes between some holders of shares in a class and other holders of shares of that class.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 65\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dissenting shareholder may require company to purchase shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4804708 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder is entitled to require th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 e company to purchase shares in }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 accordance with the procedure set out in Schedule 5 if the shareholder is a dissenting shareholder under subsection (2) or (3).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1128793 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) is a dissenting shareholder for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708  the purposes of subsection (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if\emdash 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) S was entit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 led to vote on the exercise of 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  or more of the following powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the power to substitute or adopt a new constitution, or to amend the existing constitution or default constitution, and the change imposes or removes a restriction on the activities of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the power to approve a major transaction; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the shareholders resolved to exercise the power; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 S dissented.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4804708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 A shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708\charrsid4804708  (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4804708\charrsid4804708 S}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 ) is also a dissenting shareholder for the purposes of subsection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 (1) if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 S was a member of an intere
st group that has, under section 63(1)(a), by special resolution approved an action that affects the rights attached to S's shares; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company becomes entitled to take the action; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4804708 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 S dissented.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 66\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of dissent
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of section 65(2)(c) and (3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 )(c), a shareholder dissents if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the shareholder casts all the votes attached to the shares registered in the shareholder's name and having the same beneficial owner against the resolution in question; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a written resolution in lieu of a meeting (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid1128793 
see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 70), the shareholder does not sign or assent to the resolution.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1128793 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1128793 Meetings of shareholders
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 67\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Meetings of the shareholders of a company must be held in accordance with the constitution, and the constitut}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1128793 ion must include provisions for -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 holding those meetings; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the procedure governing those meetings.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 68\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Annual meeting of shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must hold an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15927849  annual meeting of shareholders -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 not later than 6 months after the balance date of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 not later than 15 months after the previous annual meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15927849 (2) However, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a company does not have to hold its first annual meeting in the calendar year of its registration must }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15927849 must }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
hold that meeting within 18 months after its registration; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
subsection (1) does not apply if any of clause 11(2) of Schedule 2, clause 40(3) of Schedule 3, or clause 47(3) of Schedule 4, or their equivalent, applies.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 69\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Special meeting of shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A special meeting of shareholde}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15927849 rs entitled to vote on an issue -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be called at any time by a director; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must be called by the directors on the written request of the shareholders carrying together not less than 10% of the votes that may be cast on the issue.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 70\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Written resolution in lieu of meeting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), a resolution in writing signed or assented to by or on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 behalf of shareholders who together hold not less than 75% of the votes entitled to be cast on that re
solution at a meeting of shareholders is as valid as if it had been passed at a meeting of those shareholders.
\par (2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8288254 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A resolution in writing is made in accordance wi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 th this Act or the constitution }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the company, as the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7347033  case may be, if the resolution -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
relates to a matter that is required by this Act or the constitution to be decided at a meeting of the shareholders of a company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the resolution is signed or assented to by or on behalf of the shareholders referred to in subsection (1).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8288254 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If, in respect of any matter, the constitution of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294  a company requires approval by }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a greater majority than 75% of the votes entitled to be cast, the reference in subsection (1) to 75% is taken to be that greater majority.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 71\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for written resolution in lieu of meeting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13057294 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any resolution made under section 70 may co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 nsist of 1 or more documents in }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 similar form (including letters, telegrams, cables, facsimiles, telex messages, electronic mail, or other similar means of communication) each signed or assented to
 by or on behalf of 1 or more of the shareholders specified in section 70(1).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A resolution made under section 70 may be made}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294  without any prior notice being }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 given to shareholders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Within 5 working days after a resolution is made under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 section 70, the company }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must send a copy of the resolution to every shareholder who did not sign or assent to the resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 ion (3), the company commits an }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 72\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may call meeting of shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13057294 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a director, shareholder, or c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 reditor of a company, the Court }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 may order a meeting of the shareholders of the company to be held or conducted in such manner as the Court directs.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The grounds on which the Court may make }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7347033 the order include the following -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
it is impracticable to call or conduct a meeting of shareholders in the manner required by this Act or the constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13057294 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it is in the interests of a company that a meeting of the shareholders be held.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13057294 Part 7
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Directors
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid7347033 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7347033 Appointment and removal of directors
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 73\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13057294 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this Act, director, in relati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7347033 on to a company, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
includes a person occupying the position of director of the company by whatever name called; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for purposes of liability, has the extended meaning set out in section 96; but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not include a receiver.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 74\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Number of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must have 1 or more directors.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 75\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Qualification of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A natural person who is not disqualified by subsection (2) may be appointed as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of a company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following persons are disqualified from being appointed or holding office}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7347033 as a director of a company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is under 18 years of age:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is an undischarged bankrupt in any jurisdiction:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is prohibited from being a director or promoter of, or being concerned or taking part in the management of, a c
ompany under section 104 or 106:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person in respect of whom an order is in force under the Cook Islands mental health legislation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in relation to any particular company, a person who does not comply with any qualifications for directors containe
d in the constitution of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person that is not a natural person cannot be a director of a company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who is disqualified from being a director but who acts as a director is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 taken to be a director for the purposes of a provision of this Act that imposes a duty or an obligation on a director of a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 76\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Director's consent required
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13988232 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person must not be appointed a director of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  a company unless he or she has }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 consented in writing to be a director.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must, if required to do so by the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  Registrar, produce any consent }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 specified in subsection (1).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 77\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Appointment of first and subsequent directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13988232 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person named as a director in an applic}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 ation for registration or in an }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 amalgamation proposal holds office as a director f
rom the date of registration or the date the amalgamation proposal is effective, as the case may be, until that person ceases to hold office as a director in accordance with this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 All subsequent directors of a company must, unless the constitution of the company provides otherwise, be appointed by ordinary resolution.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 78\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Removal of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the constitution of a company, a director may be removed by ordinary resolution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 79\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Director ceasing to hold office
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director ceases to hold office }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7347033 if he or she -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resigns; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is removed from office in accordance with this Act or the constitution of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 becomes disqualified from being a director under section 75(2); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dies; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise vacates office in accordance with the constitution of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite ceasing to hold office, a former director remains liable under the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 director liability provisions of this Act for his or her conduct while a director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 80\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Resignation by director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13988232 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director resigns if he or she signs a written notice of resignation and delivers it to the registered office of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to section 81, the notice is effective when it is received at that address or at a later time specified in the notice.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 81\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restrictions on resignation by sole director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The sole direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 tor of a company may not resign -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
unless the director has called a meeting of shareholders to appoint a new director; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company has only 1 shareholder, unless the director has}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 given the shareholder notice of the director's resignation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 given that notice at least 10 working days before resigning.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12209441 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The resignation of the sole director of a company does not take effect until the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 earlier of the app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 ointment of another director or -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the time and date when the shareholders m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 eet to appoint a new director; o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 r
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if the company has only 1 shareholder, 10 working days after notice of the director's resignation has been given to that shareholder.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 82\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of change of directors or details of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13988232 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must ensure that the following not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13988232 ices in the prescribed form are }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  the Registrar for registration -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of a change in the
 directors of the company, whether as the result of a director ceasing to hold office or the appointment of a new director, or both:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of a change in the name of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of a change in the residential address or postal address of a director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 otice under subsection (1) must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 specify the date of the change; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 include the full name, residential address, and postal address of every person who is a di
rector of the company from the date of the notice (including continuing directors); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be filed with the Registrar within 20 working days after}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the change occurring, in the case of the appointment or resignation of a director; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the com
pany first becoming aware of the change, in the case of the death of a director or a change in the name or residential address or postal address of a director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fai}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 
ls to comply with this section, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company must pay a late filing fee to the Registrar; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 83\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Remuneration of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Directors may receive remuneration and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 other benefits from the company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with its constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with unanimous shareholder approval under section 62.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 84\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Proceedings of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution of a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 company must include provisions -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for holding meetings of directors of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that govern proceedings at those meetings.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid12209441 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid12209441 Management of company
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 85\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Management of company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The business and affairs of a company must be managed by, or under the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 direction or supervision of, the directors of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors of a company have all the powers necessary for managing, and for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 directing and supervising the management of, the business and affairs of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to any restrictions in the constitution of the company, the directors may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delegate to a committee of directors, a director or employee of the company, or any other person, any 1 or more of their powers other than a power r}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid12209441 elating to any of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approval of the issue of shares:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 determination of the consideration for the issue of shares:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 authorisation of distributions:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 authorisation of financial assistance for the purchase of the company's shares:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointment of a liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors are responsible for the exercise of a power by a delegate as if the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 power had been exercised by the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 directors, unless the directors -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
believed on reasonable grounds at all times before the exercise of the power that the delegate would exercise the power in conformity with the duties imposed on the directors of the company by this Act and the company's constitution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 have monitored, by means of reasonable methods properly used, the delegate's exercise of the power.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12209441 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsections (1) and (2) apply except to the extent that this Act or the constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 provides otherwise.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid12209441 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid12209441  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid12209441 Directors' duties
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 86\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Director must act in good faith and in best interests of company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company must, when exercising powers or prefo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 rming duties as a director, act -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in good faith; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6180180 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in what the director believes to be the best interests of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 87\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Director must comply with Act and constitution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6180180 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company must not act, or agree to the company acting, in a manner that contravenes this Act or the constitution of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 88\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Reckless trading
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A di}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 rector of a company must not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
agree to the business of the company being carried on in a manner likely to create a substantial risk of serious loss to the company's creditors; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 cause or allow the business of
 the company to be carried on in a manner likely to create a substantial risk of serious loss to the company's creditors.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 89\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to obligations
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director must not agree to the company incurring an obligation unless the director believes at th
at time on reasonable grounds that the company will be able to perform the obligation when it is required to do so.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 90\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to self-interest
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director must not exercise any power as a director if he or she is materially}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 interested, whether directly or indirectly, in the exercise of the power.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply if, be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 fore the exercise of the power, -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the director makes full disclosure of the interest; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there are reasonable grounds for believing that the company will satisfy the solvency test after the power is exercised; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 either}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the constitution expressly permits the exercise of the power despite the interest of a director in its exercise; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the exercise of the power is approved by unanimous shareholder approval under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (2)(a), a direct}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 or makes full disclosure of the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 interest if he or she discloses the nature and exten}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 t of the interest in writing to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all the shareholders, in the case of unanimous shareholder approval; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the other directors or directors, provided that they are not also interested in the exercise of the power.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 91\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to company information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director must not disclose, use, or act upon company information except}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the interests of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as required by law; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with subsection (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director may disclose, use, or a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 ct upon company information if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the disclosu
re or other use of the information is authorised by the constitution or approved by unanimous shareholder approval under section 62; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there are reasonable grounds for believing that the company will satisfy the solvency test after the disclosure or
 other use of the information.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14316028 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14966288 company information}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 
 means information that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the director has in his or her capacity as director or employee of the company; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14316028 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 would not otherwise be available to him or her.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 92\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Director's duty of care
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14887080 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A director of a company, when exercising powers or performing duties as a director, must exercise the care, diligence, and skill that a reasonable director would exercise in the same circumstances taking into a}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid12209441 ccount, but without limitation, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14887080 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the nature of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14887080 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the nature of the decision; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14887080 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the position of the director and the responsibilities undertaken by him or her.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 93\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Reliance on information and advice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11959833 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company may rely on inform}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 ation (reports, statements, and }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 financial data and other information) prepared or supplied, and on professional or expert advice given, b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 y a third party if the director -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 acts in good faith; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 believes on reasonable grounds that the information or advice is wi
thin the competence of the third party to prepare, supply, or give; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) makes proper inquiry where the need for inquiry is indicated by the circumstances.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11959833 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subsection (1), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14966288 third party}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means an employee of the company, a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 professional adviser or expert, or another director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 94\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Offence of serious breach of duty to act in good faith and in company's}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 best interests
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11959833 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company commits an offence if he or she exercises powers or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 performs duti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12209441 es as a director of the company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in bad faith towards the company and believing that the conduct is not in the best interests of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 knowing that the conduct will cause serious loss to the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11959833 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12209441 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under this section is liable on conviction to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11959833  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 95\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of unanimous shareholder approval on certain duties of directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6494107 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This se
ction applies if a director of a company exercises any power or takes any other action in his or her capacity as a director of the company with the unanimous shareholder approval under section 62.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In any case}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13568175  to which this section applies, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the director is taken to comply with the constitution of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if, at the time the director acts, there are reasonable grounds for believing that the company is able to meet its debts as they fall due}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13568175 , the director is taken to act -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in good faith and in the best interests of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with his or her duty of care as a director.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid13568175 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13568175 Liability of directors
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 96\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Extended meaning of director for purposes of liability
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who is not otherwise a director of a company may be liable as a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 director of the company if t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13568175 he person is 1 of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shadow director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a controller of director powers:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a delegate of director powers.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person does not fall into any of the categories set out in subsection (1) to the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 extent that the person acts only in a professional category.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 97\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability of shadow director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6494107 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shadow director is a person in accordance with whose directions or instructions a director (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid7027314 director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) is required or is accustomed to act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), a shadow director is liable under subpart 3 of this Part to the same extent as the director.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 It is a defence to liability on the part of a shadow director if the shadow director shows that the director was not in 
fact acting in accordance with the shadow director's directions or instructions in acting or failing to act in the manner giving rise to liability on the part of the director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 98\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability of controller of director powers
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6494107 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A controller of director powers is a person who exercises, or who is entitled to exercise, or who controls or is entitled to control the exercise, of powers that, apart from the constitution of the company, would be powers exercised by the directors.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A controller of director powers is liable }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 under subpart 3 of this Part in }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 connection with the exercise of those powers as if that person were a director.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsections (1) and (2), if the constitution of a compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 y }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confers a power on share
holders that would otherwise be exercised by directors under this Act, any shareholder who exercises that power or who takes part in deciding whether to exercise that power is liable under subpart 3 of this Part in connection with the exercise of that pow
er as if that person were a director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 99\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability of delegate of director power
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A delegate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 of a director power is a person -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
to whom the directors of a company have directly delegated a power or duty of the directors with the delegate's consent or acquiescence; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 who exercises a power or duty of the directors with their consent or acquiescence.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A delegate of a director power is liable under subpart 3 of this Part in connection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6494107  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 with the exercise of the power or duty in question as if that person were a director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 100\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exclusion of shareholder liability
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6494107 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 To avoid doubt, if any action is approved by unanimous shareholder approval under section 62,\_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 no shareholder is liable under 
section 87 as a deemed director in respect of that action; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if there are reasonable grounds for believing that the company is able to meet its debts as they fall due, no shareholder is liable under section 86, 90, 91, or 92 as a deemed director in respect of that action.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 101\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Certain indemnities prohibited
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must not indemnify a director o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 
f the company or of any related }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company in respect of any criminal liability.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless section 102 applies, a company must not indemnify a director of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company or of an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 y related company in respect of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any liability to the company or a related company for any act or omission in his or her capacity as a director of the company or of the related company, as the case may be; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any liability t
o any person arising out of a breach of duty to the company or related company, as the case may be, under any of subpart 3 of this Part.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An indemnity given in breach of this section is void.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 In this section, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13202653 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1452169 director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653  includes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13202653 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person spe
cified in section 96 who is liable under any of subpart 3 of this Part; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a former director
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1452169 indemnify}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 includes relieve or excuse from liability, whether before or after the liability arises, and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1452169 indemnity}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 has a corresponding meaning.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 102\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may indemnify or insure directors in accordance with constitution or with unanimous shareholder approval
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to section 101(1), a company may provide an indemnity or purchase insurance for a director of the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 company or of a related company -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with the constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the unanimous approval of shareholders under section 62.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 103\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Defences to criminal liability
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 It is a defence for a director }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14966288 (D)}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  charged with an offence in relation to a duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 imposed on the directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1452169  of a company if D proves that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the directors took all reasonable and proper steps to ensure that the requirements of this Act would be complied with; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1452169\charrsid14966288  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14966288 D}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  took all reasonable and proper steps to ensure that the directors complied with the requirements of this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the circumstances }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14966288 D }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 could not reasonably have been expected to take steps to ensure that the directors complied with the requirements of the Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 It is a defence for a director }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14966288 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid13202653 D}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14966288 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 charged with an offence in relation to a duty}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1452169  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 imposed on the company if }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14966288 D}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653  proves that -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company took all reasonable and proper steps to ensure that the requirements of this Act would be complied with; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 D took all reasonable and proper steps to ensure that the company complied with the requirements of this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the circumstances D could not reasonably have been expected to take steps to ensure that the company complied with the requirements of the Act.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid13202653 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13202653 Prohibition and disqualification of directors
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 104\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Persons prohibited from managing companies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if a person has been convicted of an offence specified in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 subsection (3) (a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15868354 relevant offence}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ).
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13202653 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A person who has been convicted of a relevant offence must not, during the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 period of 3 years after the conviction}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13202653 , be or do any of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 be a director of a company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be a promoter of a company:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13202653 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in any way, whether directly or indirectly, be concerned in or take part in the management of a company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this section and section 106(2), a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15868354 relevant offence}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13202653  is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an offence in connection with the promotion, formation, or management of a company punishable by a term of imprisonment of not less than 3 months, whether or not a sentence of imprisonment was imposed; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence under any of sections 391 to 396; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any crime involving dishonesty as defined in section 2(1) of the Crimes Act 1969; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence of a kind that is referred to in Article 5 or 6 of 
the United Nations Convention against Transnational Organized Crime.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1452169 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15868354  company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  includes an overseas c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169 ompany that carries on business }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the Cook Islands.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes this section commits an offence and is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1452169  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 conviction to a fine not exceeding $5,000 or to a term of imprisonment not exceeding 12 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 105\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Prohibited person may apply for leave to be director, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15868354 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15868354 The prohibition}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  in section 104(2) does not appl}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1452169 y if a person first obtains the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 leave of the Court, which may be given on any conditions that the Court thinks fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person that the Court thinks fit may attend and be heard at the hea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 ring of }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an application for leave under this section.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes an order granting l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 eave under this section commits }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence and is liable on conviction to a fine not exceeding $5,000 or to a term of imprisonment not exceeding 12 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 106\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may disqualify directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may order that a person must not, wit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 hout the leave of the Court, be }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 or do any of the following for the period specified by the Court (which}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216  must not be more than 5 years) -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be a director of a company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be a promoter of a company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in any way, whether directly or indirectly, be concerned in or take part in the management of a company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216 ake the order if the person has -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 been convicted of a relevant offence (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid1248216 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 104(3)); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 been convicted of an offence under this Part; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 been convicted of fraud committed in relation to a company while a director of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 found liable for a breach of duty to a company or a shareholder while a director of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 been convicted of an offence in any other jurisdiction that corresponds 
to any of the offences referred to in paragraphs (a) to (c); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
been prohibited under the law of any other jurisdiction from acting as a director of a company or being concerned or taking part in the management of a company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 become of unsound mind.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An order may be made under this section even though the person concerned}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 may be liable in respect of the matters that are the grounds for making the order.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar of the Court must, as soon as practicable after an order has been}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 made under this section, give notice of the order to the Registrar of Companies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with an order under this section commits an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 offence and is liable on conviction to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13041759\charrsid4487102 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 fine not exceeding $5,000 or to a term of imprisonment not exceeding 12 months, or both.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and in section 107, company includes an overseas company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 107\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who may apply for disqualification order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any of the following persons may apply for a disqualifica}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 tion order under }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 section 106}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder or former shareholder of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor or former creditor of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the liquidator applies for a disqualification order, or a person applies for leave}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 under section 106(1) in respect of a disqualification order that was made on the liquidato}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216 r's application, the liquidator -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must attend the hearing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must bring to the Court's attention any matters that seem to the liquidator to be relevant; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may give evidence or call witnesses.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 108\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of application for disqualification order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15868354 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An applicant for a disqualification order under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  section 106 must give not less }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 than 10 working days' notice of the intention to apply to the person against whom the order is sought.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The person against whom the order is sought }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 may attend the hearing and give }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence or call witnesses.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 8
\par Enforcement
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1248216 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1248216 Injunctions
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 109\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Injunction restraining contravention of Act or constitution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15868354 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216 injunct}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 a company or a director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354  of a company from conduct that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 would contravene this Act or the constitution of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application for an injunction unde}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1248216 r subsection (1) may be made by -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or shareholder of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an entitled person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15868354 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In granting an injunction the Court may also grant consequential relief}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may not make an order under this section in relation to conduct or a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 course of conduct that has been completed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, before finally determining an application for an injunction,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make as an interim order an order that could be made under subsection (1).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1248216 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1248216 Derivative proceeding
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 110\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of derivative proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A derivative proceedin
g is a proceeding brought with the leave of the Court under section 111 by a director or shareholder of a company in the name and on behalf of the company or any subsidiary of the company, and includes a proceeding in which a director or shareholder inter
venes.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 111\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Leave of Court required for derivative proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person specified in s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 ection 112, the Court may grant }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1248216 leave to the applicant to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) bring a derivative proceeding; or
\par {\listtext\tab}(b) intervene in a proceeding to which the company or subsidiary company is a party for the purpose of continuing, defending, or discontinuing the proceeding on behalf of the company or subsidiary company, as the case may be.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except as provided in this subpart, a shareholder is not entitled to bring or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 intervene in any proceeding in the name of, or on behalf of, a company or subsidiary company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 112\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who may apply for leave to bring proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following persons may apply for leave under section 111}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a shareholder or shareholders representing not less than 10% of the voting rights of all shareholders entitled to vote on a resolution to amend the constitution of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 113\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Matters that Court must consider on application for leave
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting section 111, the Court, in determining whether to grant leave under that secti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 on, must consider the following -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the likelihood of the proceeding succeeding; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the costs of the proceeding in relation to the relief likely to be obtained; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any action already taken by the company or subsidiary to obtain relief; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the interests of the company or subsidiary in the proceeding being brought, continued, defended, or discontinued, as the case may be.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 114\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for grant of leave
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may grant leave under section 111 only if the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 Court is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company or subsidiary does not intend to bring, diligently defend or continue, or discontinue the proceeding, as the case may be; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
it is in the interests of the company or subsidiary that the conduct of the proceeding should not be left to directors or to the determination of the shareholders as a whole.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 115\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for application for leave
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7878760 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7878760 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Notice of an application for leave under section 111 must be served on the company or subsidiary company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company or su}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 bsidiary company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may attend the hearing and be heard; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7878760 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must inform the Court whether it intends to bring, continue, defend, or discontinue the proceeding, as the case may be.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 116\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Powers of Court in relation to derivative proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid856762 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid856762 The Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  may at any time make any order it thinks fit in relation to a derivative proceed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 
ing, and without limitation may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) authorise the person to whom leave was granted or any other person to control the conduct of the proceeding; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid856762 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give directions for the conduct of the proceeding; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid856762 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order the company or the directors to provide information or assistance in relation to the proceeding; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid856762 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 direct
 that any amount ordered to be paid by a defendant in the proceeding must be paid, in whole or part, to former and present shareholders of the company or subsidiary instead of to the company or subsidiary company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 117\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Costs of derivative proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid856762 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid856762 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
On the application of the person to whom leave under section 111 was granted, the Court must order that the company pay some or all of the reasonable costs of bringing or intervening in the proceeding (including any costs relating to any settlement, compr
omise, or discontinuance approved by the Court).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid856762 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subsection (2) does not apply to the extent that it would be unjust or inequitable for the company to bear those costs, or to bear the whole of those costs.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid856762 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid3034322 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3034322 Personal proceedings by shareholder
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 118\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder proceeding against director for breach of duty
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid856762 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder or former shareholder may sue a director or former director for breach of a director duty owed to the shareholder in that capacity.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 119\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder proceeding to enforce director compliance
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a shareholder, and if it is ju}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 st and equitable, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
order the director to take any action that is required to be taken by the directors under the constitution of the company or under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on making the order, also order any consequential relief that it thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 120\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder proceeding against company for breach of duty
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder may sue the company for breach of a company duty owed to the shareholder in that capacity.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 121\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder proceeding to enforce company compliance
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a shareholder, and if it is ju}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 st and equitable, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
order the company to take any action that is required to be taken by the company under the constitution of the company or under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on making the order, also order any consequential relief that it thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 122\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Representative proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This sec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 tion applies if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3034322 S}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) brings a proceeding against the company or a director; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 other shareholders have the same, or substantially the same, interest in relation to the subject matter of the proceeding.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may appoint S to represent all or some of those other shareholders,}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and for that purpose may also make any other order that it thinks fit, including an order for any of the following}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3034322  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the control and conduct of the proceeding:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the costs of the proceeding:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the distribution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014  of any amount ordered to be }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 paid by a defendant in the proceeding among the shareholders represented.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3034322 Subpart 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid3034322  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3034322 Prejudiced shareholders
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 123\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Prejudiced shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14699014 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder (including a former shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14699014 ) of a company may apply to the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
Court for an order under subsection (2) if the shareholder complains that the affairs of the company have been, or are being, or are likely to be, conducted in a manner that is, or any act or acts of the company have been, or are, or are likely to be, opp
ressive, unfairly discriminatory, or unfairly prejudicial to the complainant whether in the capacity of shareholder or any other capacity.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The Court may, if it considers that it is just and equitable to do so, make any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order that it thinks fit, including a}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3034322 n order -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 requiring the company or any other person to purchase the complainant's shares; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 requiring the company or any other person to pay compensation to a person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 regulating the future conduct of the company's affairs; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 altering or adding to the company's constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointing a receiver of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 directing the rectification of the records of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointing a liquidator; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 setting aside action taken by the company or the directors in breach of this Act or the constitution of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not make an order against the company or any other person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 under subsection (2) unless the company or that person is a party to the proceeding in which the application is made.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 124\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Conduct taken to be prejudicial
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Failure to comply with any of the following sections of this Act is conduct that is unfairly prejudicial }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 for the purposes of section 123 -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 24 (which relates to the issue of shares);
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 26 (which relates to pre-emptive rights on the issue of shares);
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 32 (which relates to dividends);
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 33 (which relates to a company's acquisition of its own shares)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 44 (which relates to the provision of financial assistance by a company for the purchase of its own shares);
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 61 (which relates to major transactions);
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 63 (which relates to the alteration of shareholder rights).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 125\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Alteration to constitution
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite anything in this Act, but subject to the order, if the Court makes an order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
under section 123 altering or adding to the constitution of a company, the constitution must not, to the extent that it has been altered or added to by the Court, again be altered or added to without the leave of the Court.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Any alteration or addition to the constitution of a company by the Court under section 123 has the same effect as if it has been made by the shareholders under section 16 and this Act applies to the constitution as altered or added to.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Within 10 
working days after the Court makes an order under section 123 altering or adding to the constitution of a company, the company must ensure}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
that a copy of the order and a copy of the constitution as altered or added to are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar for registration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company fails}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322  to comply with subsection (3), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company commits an offence and is liable on conviction to a fine not exceeding $4,000; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 every director of the company commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3034322 Subpar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid3034322 t 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3034322 Investigation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 126\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Investigation initiated by shareholder
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a shareholder, creditor, or entitled person of a company,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322  the Court may make -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an order authorising a person named in th
e order, at a time specified in the order, to inspect and make copies of, or to take extracts from, the company records and other documents of the company, or of the company records and documents that are specified in the order; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any ancillary orde
r that the Court thinks fit, including an order that the accounts of the company be audited by the named person.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not make an order under subsection (1) unless it is satisfied}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3034322 that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the applicant is acting in good faith; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the inspection is for a proper purpose; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the person appointed is a proper person for the task.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15800913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The reasonable costs of the investigation must be paid by the company unless}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15800913  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court orders otherwise.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 127\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Report to Court following investigation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10236176 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The person appointed by an order under section }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14501498 126(1)(a) must diligently carry }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 out the inspection and then make a report to the Court.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the bas}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3034322 is of the report, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10236176 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make any order it thinks fit for disclosure and use of the records
 and documents obtained in the inspection; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10236176 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 vary that order from time to time.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10236176 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person may not disclose or use recor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3873245 ds or documents obtained in the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 inspection except in accordance with an order under subsection (2).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes subsection (3) commits an offence and is lia}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3873245 ble on }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 conviction to a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 9
\par Administration of companies
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7799727 Subpart 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid7799727  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7799727 Company transactions
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 128\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for company obligation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For a company to enter into an obligation th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 at, if it were a natural person }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 obligation, must by law be in a deed, t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727 he obligation must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 signed in writing under the name of the company by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 2 or more directors of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company has only 1 director, that director; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the constitution so provides, a director or other person or class of persons; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 1 or more attorneys appointed by the company in accordance with section 129.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For a company to enter into an obligation that, if it were a natural person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 obligation, must by law be in writing, the obligation must }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727 be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 entered into on the company's behalf by a person acting under the company's express or implied authority.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For a company to enter into an obligation that, if it were a natural person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 obligation, is not required by law to be in writing, the obligation must be entered into on the company's behalf by a person acting under the company's express or implied authority.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may affix its common seal, if it has one, to an obligation in writing,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 but, even though the constitution may require it, the absence of the seal does not affect the enforceability of the obligation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies to a contract or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727 other obligation whether or not -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3353117 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that contract or obligation was entered into in the Cook Islands; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the law governing the contract or obligation is the law of the Cook Islands.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 129\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Attorneys
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3353117 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to its constitution, a company may a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 ppoint a person as an attorney, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 either generally or in relation to a specified matter.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appointment must be in writing and signed in accordance w}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 ith section }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 128(1)(b).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An act of the attorney in accordance with th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 e written appointment binds the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 130\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Validity of company transaction
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to sections 131 and 132, the validity of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 a transaction entered into by a }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company is not affected by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a failure to comply with this Act (except if the failure is a breach of section 128); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a failure to comply with the company's constitution; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the absence of express authority in the company's constitution to enter into the transaction; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a failure by the company or its directors to take any steps required by the constitution to author
ise entry into the transaction; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that fact that the transaction is not in the best interests of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a breach of a duty by a director in connection with entry of the company into the transaction.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsection (1) does not limit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
section 109 (which relates to injunctions to restrain conduct by a company that would contravene this Act or its constitution); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sections 110 to 117 (which relate to derivative proceedings); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sections 118 and 119 (which relate to shareholder proceedings against directors); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sections 120 and 121 (which relate to shareholder proceedings against a company); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the obligations and liabilities of directors of a company in respect of any 
contract or other obligation, or transfer of property to or by the company.
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and sections 134 to 136, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7799727 transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727  -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
includes any contract or other obligation entered into by a company, or any transfer of property to or by a company; but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not include}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7799727  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a distribution to shareholders; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an indemnity provided to a director under section 101; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 remuneration or other benefits given to a director under section 83.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 131\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Person dealing with company may make certain assumptions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3353117 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who deals with a compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10962850 y (the company) may assume that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company has complied with this Act and its constitution; and
\par {\listtext\tab}(b) a person named as a director of the company in the most recent notice filed with the Registrar under section 82 or in the most recent annual return filed with the Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10962850  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is a director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has been properly appointed; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3353117 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has the usual authority of a director of a company carrying on the same kind of business as the company; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) a person held out by the company as a director, employee, or agent of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10962850  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has been properly appointed; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has the usual authority of a director, employee, or agent of a c
ompany carrying on the same kind of business as the company; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person held out by the company as a director, employee, or agent having unusual authority (that is, authority that a director, employee, or agent of a company carrying on the same kind
 of business as the company does not usually have) does have that authority; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a document issued on behalf of a company by a director, employee, or agent of the company with actual or usual authority to issue the document is valid and genuine.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11613816 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, a person who deals with a company may not make an assumption}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 specified i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 n subsection (1) if that person -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 knows the contrary; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ought to know the contrary through the person's position with, or relationship to, the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11613816 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsection (1) applies even though a person referred to in subsection (1)(b) to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 (e) acts fraudulently or forges a document that appears to have been signed on behalf of the company, unless the person dealing with the company has actual knowledge of the fraud or forgery.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and section 132, a person dealing with a company includes a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11613816  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 person who acquires property, rights, or interests from a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 132\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of assumptions by person dealing with company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11613816 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company, a person claiming through a company, or a guarantor of a company's obligation may not assert against a person dealing with the company that an assumption specified in sect}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14894550 ion 132(1) is incorrect, unless -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 131(2) applies; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of fraud or forgery, the person has actual knowledge of it (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid14894550 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 131(3)).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 133\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 No constructive notice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person is not affected by, and is not taken to have notice or knowledge of the contents of, the constitution of the company or of other documents relating to the company merely because th}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14894550 e constitution or documents are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 registered on the Cook Islands register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 available for inspection at an office of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 134\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may cancel transaction in which director interested
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13901601 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a director of a company is interested in a c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 ompany transaction, the company }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 may cancel the transaction at any time within 3 months after the transaction is disclosed to the shareholders, whether by means of the company's annual report or otherwise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A transaction cannot be cancelled where the co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 mpany receives fair value under }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (2), the question whether a company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 receives }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fair value must be determined on the basis of the information known to the company and to the interested director at the time when the transaction is entered into.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is presumed to receive fair value under a transaction in which a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 director is interested if the company in good faith enters into the transaction in the ordinary course of the company's business and on usual terms and conditions.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 For the purposes of this Act -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person seeking to uphold a transaction and who knew or ought to
 have known of the director's interest at the time when the transaction was entered into has the onus of establishing fair value; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in any other case the company has the onus of establishing that it did not receive fair value.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (6)\tab A transaction in which a director is interested can only be cancelled on the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
ground of the director's interest in accordance with this section or the company's constitution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 135\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may cancel transaction for breach of director duty
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may cancel a transaction that it en}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 tered into as the result of the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 action of a director in breach of section 86 (Director must act in good faith and in best interests of company) or section 87 (Director must compl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 
y with Act and constitution) if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the director or a person as
sociated with him or her is the other party to the transaction; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the other party to the transaction knew of the circumstances giving rise to the breach of duty and the company did not receive fair value under the transaction.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is presumed to receive fair value under the transaction in which a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 director is interested if the company in good faith enters into the transaction in the ordinary course of the company's business and on usual terms and conditions.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, a person is associated }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 with a director if the director -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is the spouse, parent, or child of that person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is a director, employee, or trustee, of that person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has a material financial interest in that person.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 136\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of cancellation on third parties
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The cancellation of a transaction under section 134 or 135 does not affect the title or interest of a person in or to property that that person has acquir}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 
ed if the property was acquired -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 from a person other than the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for valuable consideration; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
without knowledge of the circumstances that entitled the company to cancel the transaction under which the property was acquired from the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550  company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14894550 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14894550  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14894550 Pre-incorporation contracts
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 137\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of pre-incorporation contract
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In sections 138 to 141 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14894550 pre-incorporation contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14894550  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a contract purporting to be made by a company before its incorporation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a contract made by a person on behalf of a company before, and in contemplation, of its incorporation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 138\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may ratify pre-incorporation contract
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may ratify a pre-incorporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  contract and the contract once }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ratified is as valid and enforceable as if the company had been a party to the contract when it was made.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 The contract may be ratified -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
within the period specified in the contract or, if no period is specified, within a reasonable time after the company's incorporation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with the requirements for a company obligation (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid14894550 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 128).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any other enactment, a company may not enforce a pre-incorporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 contract or take the benefit of it unless the company has ratified it or the Court has validated it under section 141.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 139\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Warranties implied in pre-incorporation contract
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13901601 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 There are implied in a pre-incorporation contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13901601  the following warranties by }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the person who purports to make the contract in the name }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 of the company or on its behalf -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a warranty that the company w
ill be incorporated within the period specified in the contract or, if no period is specified, within a reasonable time after the contract is made; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a warranty that the company will ratify the contract within the period specified in the contract or
, if no period is specified, within a reasonable time after the company's incorporation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person's liability under subsection (1) is discharged if, after incorporation,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the company enters into a contract in the same terms as, or in substitution for, the pre-incorporation contract.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsections (1) and (2) apply unless and to the extent that a contrary intention}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is expressed in the pre-incorporation contract.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 140\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Damages for breach of implied warranty
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Breach of an implied warranty under section 139 e
ntitles a plaintiff to the same amount of damages that the plaintiff could have obtained from the company for any unperformed obligation under the contract, had the contract been ratified.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 141\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Failure to ratify
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company does not ratify a pre-incorporation co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 ntract after its incorporation, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a party to the contract may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550 apply to the Court for an order -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
directing the company to return to the applicant any property that the company has acquired from the applicant under the contract; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for any other relief in favour of the applicant relating to that property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 validating the contract whether in whole or in part.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, if it is just and equitable to do so, make any order or grant any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 relief it thinks fit, and may do so whether or not an order has been made for damages for breach of an implied warranty under section 139.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14894550 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14894550  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14894550 Registered office
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 142\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registered office and postal address
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14381191 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must always have a registered office and postal address in the Cook Islands.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to section 143,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the registered office of a company at a particular time is the place entered as its registered office on the Cook Islands register at that time; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the postal address of a company at a particular time is t
he address entered as its postal address on the Cook Islands register at that time.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 143\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Change of registered office or postal address
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14381191 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the company's constitution and subsection (3), a company may change its registered office or postal address at any time.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must file a notice of the change in the prescribed form with the Registrar for registration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A change in the registered office or postal address takes effect on a date stated in the notice which must not be earlier than 5 
working days after the notice is registered.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14381191\charrsid14894550 Subpart}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14894550\charrsid14894550  4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14894550 Company records
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 144\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14381191 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must keep the following records (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14894550 company records}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14894550 ) -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) category A records, which are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14894550  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company's certificate of incorporation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company has been re-registered, its certificate of re-registration:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the constitution of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the share register:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (v) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the full names and residential and postal addresses of the current directors:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (vi) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 details of the company's registered office and postal address; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 (b) category B records, whi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ch are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the minutes of all meetings and resolutions of shareholders within the last 7 years:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 copies of all wr
itten communications to all shareholders or all holders of the same class of shares during the last 7 years, including annual reports:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14381191 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 copies of all financial statements required to be prepared under section 161 for the last 7 completed accounting p
eriods of the company; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 ) category C records, which are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
minutes of all meetings and resolutions of directors and directors' committees within the last 7 years:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a consent in the prescribed form by each past and current director within the
 last 7 years to act as a director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the accounting records required by section 158 for the current accounting period and for the last 7 completed accounting periods of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15939447 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may approve by notice in writing to
 the company a shorter period than 7 years or 7 completed accounting periods for the purposes of category B or category C records.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company fails to comply with subsection (1), it commits an offence and is liable on conviction to a fine not exceeding $4,000.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 145\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Place where company records must be kept
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 ust keep the company records at -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 its registered office; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 another place in the Cook Islands that is not its registered office, provided the company has given the Registrar
 notice under subsection (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company keeps the company records at a p}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15939447 lace that is not its registered }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 office, it must file with the Registrar for registrat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 ion a notice of the location of }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the records within 10 working days after the records are first kept there.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company changes the place where it kee}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 ps the company records, it must }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 file with the Registrar for registration a notice of the new location of the records within 10 working days after their relocation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company fails to comply with subsection (2) or (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 3), it commits an offence }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 146\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Form of company records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 y must keep the company records -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in written form in English; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in a form or in a manner in which they are easily accessible and convertible into written form in English.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must ensure }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 that adequate measures exist to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) prevent the company r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8399533 ecords being falsified; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15939447 
\par {\listtext\tab}(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 detect any falsification of them.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 147\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Inspection of company records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15939447 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may inspect category A records under section 148.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any shareholder or authorised person may inspe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 ct category A, B, and C records }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 under section 149.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A director may inspect the documents of the company generally (which include but are not limited to category A, B, and C records) unless an order is made under section 152 refusing or limiting inspection by a director.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 148\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Inspection of company records by public
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may inspect the category A records o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 f a company if the person gives }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 written notice to the company of intention to inspect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must keep those records availab}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 le for inspection in accordance }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with section 150.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with this sectio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15939447 n, it commits an offence and is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 149\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Inspection of company records by shareholder
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15939447 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11494950 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), any sharehol}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 der of a company, or any person }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 authorised by a shareholder for the purpose of inspection, may inspect the category A, B, and C records of a company if the shareholder or authorised person gives written notice to the company of intention to inspect.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must keep those records availab}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 le for inspection in accordance }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with section 150.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company considers that category C records are confidential or con}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 tain }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confidential information, the company may refuse inspection of those records or, if appropriate, allow inspection of redacted records only.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the company or a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 shareholder, the Court may give }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 directions for the inspection or redaction of records to which subsection (3) applies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with this sectio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 n, it commits an offence and is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 150\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Manner of inspection
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11494950 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Records that may be inspected under section 148 or 149}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  must be available for }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 inspection at the place where the company's records are kept between the hours of 9 am and 5 pm on each working day during the inspection period.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8399533 inspection period}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 iod of 5 working days beginning }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
on the third working day after notice of intention to inspect is served on the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 151\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Copies of records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person may give a company written notice r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 equiring the company to provide }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of, or extract from, a record of the company that is available for inspection by that person under section 148 or 149.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039 (2) The company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may specif
y a reasonable copying and administration fee for providing the copy or extract; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the fee has been paid, must provide the copy or extract within 5 working days after it receives the notice.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (2)(b), it commits an offence and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 152\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Inspection of company documents by directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company is entitled to inspe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039 ct the documents of the company -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in written form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 without charge; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at a reasonable time specified by the director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the company, the Court may authorise the company to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 refuse or limit inspection of the company records by a director as the Court thinks fit if the Court i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039 s satisfied that the inspection -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 would not be in the company's interests; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is intended for a purpose unconnected with the director's duties.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid6955039 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6955039 Annual return
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 153\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Annual return
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Each year in its allocated month, a company m}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11494950 ust file with the Registrar for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reg}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039 istration an annual return that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contains the prescribed information; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is signed by a director of the company or by a legal practitioner or chartered accountant who is authorised to sign it; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is accompanied by the prescribed fee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The annual return must be dated as at a date within the allocated month and the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 information contained in it must be compiled as at that date.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite subsection (1),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a compan
y need not file an annual return in the calendar year of its incorporation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a subsidiary may, with the written approval of the Registrar, file an annual return its holding }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid6955039 company's allocated month}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  rather than its own.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and sections 154 and 155, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6955039 allocated month}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the month}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 allocated to the company under section 154.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 154\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Time for filing annual return
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11494950 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11494950 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must file its annual return in the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950  month allocated to the company }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 for that purpose.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On registration or re-registration of a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 , the Registrar must allocate a }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 month to a company for filing its annual return.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may, by written notice to a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494950 , alter its allocated month and }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company may, by written request to the Registrar, apply for allocation of a different month.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 155\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Annual return pre-filled by Registrar
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11675910 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11675910 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid2062485 The Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  may send or otherwise provid}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11675910 e to a company an annual return }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 form pre-filled with the prescribed information as it appears on the Cooks Islands register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11675910 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The form complies with section 153(1)(a) and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11675910  (b) if the pre-filled form, as }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amended as necessary by the company, is current as at a date in the company's allocated month.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 156\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar may alter Cook Islands regist}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11675910 er to correct company's address
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10970894 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may amend
 the Cook Islands register to correspond with the information given in a company's annual return as to the address of its registered office or its postal address if the address given differs from the address entered in the register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 157\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other updating notices for information events
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1854897 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1854897 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A company or overseas company must file with the Registrar for registration the notices required under the provisions relating to the information events listed in subsection (2).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The information events requiring a notice to be filed with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955039 the Registrar are the following -}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the substitution, adoption, or amendment of the constitution (}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 16(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the issue of shares by the company (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102  section 24(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the acquisition by the company of its own shares (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 34(1)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the redemption of a share by the company (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 43(1)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the registration of a transfer of shares (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 55(3)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a change in the directors of the company, or a change in the name, residential address, or other details of a director (}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 82(1)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the making of an order under section 124 altering or adding to the constitution (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid6955039 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 125(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a change in the company's registered office or postal address (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid6774759 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 143(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 location of company records away from registered office (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6774759 
see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 145(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (j) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a change in the location of company records (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6774759 see}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 145(3)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (k) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the resignation or removal of th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 e auditor (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid1854897\charrsid6774759 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897  section 165(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 (l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) a change in the name of an overseas company (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6774759 see }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 356(3)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (m) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a change in the directors of an overseas company, or a change in the name, residential address, or other details of a director (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid6774759 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  section 364(1)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1854897 (n) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a overseas company ceasing to carry on business in the Cook Islands (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid6774759 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 365(1)(b)).
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 10
\par Accounting records and financial}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333  reporting
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6774759 Subpart 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid6774759  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6774759 Accounting records
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 158\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company must keep accounting records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9595333 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors of a company must ensure that ens}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 ure that accounting records are }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 kept that comply with section 159.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the directors of a company fail to comply with subsection }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (1), every director }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding $4,000 or to a term of imprisonment not exceeding 3 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 159\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Form and content of accounting records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 The accounting records must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 correctly record the company's transactions; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at any time enable the company's financial position to be determined with reasonable accuracy; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
enable the directors to ensure that the company's financial statements comply with section 161 and with any regulations made under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enable the company's financial statements to be readily and properly audited.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsection (1), the accounting recor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 ds must contain -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) entries of money received and spent each day and the matters to which the money relates; and
\par {\listtext\tab}(b) a record of the company's assets and liabilities; and
\par {\listtext\tab}(c) if the company's busi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 ness involves dealing in goods, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a record of goods bought and sold; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 invoices for goods bought and sold; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a record of stock held at the end of the financial year together with records of any stocktaking during the year; and

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) if the company's busine}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 ss involves providing services, -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a record of services provided; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 invoices for those services.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, if a company sells goods or provides services for cash in the ordinary}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 course of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  carrying on a retail business, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company need not keep invoices for each retail transaction; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in respect of those retail tr
ansactions, a record of the total money received each day in respect of the sale of goods or provision of services, as the case may be, is sufficient compliance with subsection (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The accounting records must be k}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 ept -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in written form in English; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in a form or manner in which they are easily accessible and convertible into written form in English.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid6774759 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6774759 Financial statements
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 160\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Companies that must prepare financial statements
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9595333 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9595333 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company with 10 or more shareholders must e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 nsure that financial statements }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 are prepared in accordance with section 161.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply if }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 the company has opted out under }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 section 163.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9595333 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (1),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company commits an offence and is liable on conviction to a fine not exceeding $4,000; and
\par {\listtext\tab}(b) every director commits an offence and is liable on conviction to a fine not exceeding $4,000 or to a term of imprisonment not exceeding 3 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 161\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Financial statements
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company to which this section applies must ens}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 ure that, within 4 months after }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the company's balance date, financial statements that comply with subsection (2) are prepared in relation to the company and that balance date.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The financial s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 tatements must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give a true and fair view of the matters to which the statements relate; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 comply with any applicable regulations made under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be dated and signed on behalf of the company by the directors of the company or, if the company has only 
1 director, by that director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following pe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 riods must not exceed 15 months -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period between the date of incorporation of a company and its first balance date:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period between any 2 balance dates of a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 162\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Financial statements must be audited
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8480722 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that is required to prepare financial }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 statements must ensure that the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 financial statements are audited by a qualified auditor.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (1),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company commi
ts an offence and is liable on conviction to a fine not exceeding $4,000; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
every director commits an offence and is liable on conviction to a fine not exceeding $4,000 or to a term of imprisonment not exceeding 3 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 163\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company may opt out of preparing financial statements
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may opt out of preparing financial stateme}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 nts for an accounting period if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the constitution provides for opting out; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 opting out is approved by all the shareholders entitled to vote and voting
 at the annual meeting of the company held in the accounting period.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6774759 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid6774759  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6774759 Auditor's appointment and role
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 164\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirement that auditor be appointed
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8480722 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies to a company in relation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722  to an accounting period if the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company is required to prepare financial statements for that period.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At the annual meeting of the company hel}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 d in the accounting period, the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  appoint a qualified auditor to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 hold office from the conclusion of the meeting until the conclusion of the next a
nnual meeting; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 audit the company's financial statements.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 165\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar may appoint auditor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8480722 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Regi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 strar may appoint an auditor if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
at an annual meeting of a company, no auditor is appointed as required by section 164; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a casual vacancy in the office of auditor is not filled within 1 month of the vacancy occurring.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must give notice to the Registrar of the resignation or remov}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 al of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the auditor.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 The notice must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 given within 10 working days after the auditor's resignation or removal.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 166\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Resignation and casual vacancy
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8480722 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An auditor may resign at any time by giving written notice to the company, and the company, must as soon as practicable, notify the shareholders
 of the auditor's resignation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors may fill any casual vacancy in the office of auditor.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 167\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Replacement of auditor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8480722 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company may at a meeting of shareholders remove an auditor and if necessary replace the auditor by appointing a new auditor.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, a company must not remove an auditor unless th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 e company has given the auditor -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at least 20 working days' written notice of removal; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a reasonable opportunity at the company's expense to make representations to the shareholders (whether in writing or in person) on the appointment of another person.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 168\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Statement by auditor on resignation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If an auditor of a company resigns from office, on the request }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 of the auditor the company must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
as soon as practicable distribute to all shareholders at the company's expense a written statement of the auditor's reasons for resigning; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 allow the auditor or the auditor's representative to explain at a shareholder meeting the reasons for resigning.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 169\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Qualifications of auditor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 erson is a qualified auditor if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the person is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
entitled to practise, and is certified by an association of accountants constituted in the Cook Islands, as an accountant in the Cook Islands; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
meets any further requirements for practice as an auditor in the Cook Islands that may be prescribed by regulations made under this Act; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) if the audit is to be carried out outside the Cook Islands, 
the person is eligible to act as an auditor in the country, state, or territory in which the audit is to be carried out.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following persons must not be appointed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  or act as auditor of a company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or employee of the company or any othe
r person responsible for keeping the company's accounting records:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is a business partner or employee of a person referred to in paragraph (a):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidator or a person who is a receiver in respect of the property of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a corporation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who, by virtue of paragraph (a) or (b), may not be appointed or act as auditor of a related company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8480722 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Act, the Auditor-General is taken to be a qualified}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8480722  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 auditor of a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 170\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Auditor must avoid conflict of interest
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An auditor of a company must ensure, in carrying out the duties of auditor under this Part, that the auditor's judgment is not impaired through any relationship with, or interest in, the company or any related company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 171\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Auditor must report to shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The auditor of a company must make a re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 port to the shareholders on the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 financial statements audited by the auditor.
\par }\pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4487102 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5730142 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 The report must state -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the work done by the auditor; and
\par {\listtext\tab}(b) the scope and limitations of the audit; and
\par {\listtext\tab}(c) the existence of any relationship (other than that of auditor) that the auditor has with, or any interests that the auditor has in, the company or any related company; and
\par {\listtext\tab}(d) whether the auditor has obtained all information and explanations that the auditor has required; and
\par {\listtext\tab}(e) whether, in the auditor's opinion, as far as appears from an examination of them, the company has kept proper accounting records; and
\par {\listtext\tab}(f) whether, in the auditor's opinion and having regard to any information or explanations that may have been added by the company, the financial statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6774759 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give a true and fair view of the matters to which they relate; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 comply with any applicable regulations made under this Act; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (g) if applicable, the respects in which the financial statements do not meet the criteria in paragraph (f)(i) and (ii); and
\par {\listtext\tab}(h) any other matter prescribed for the purposes of this section by regulations made under this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 172\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Auditor's attendance at shareholder meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors of a company must ensure that the auditor of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6774759  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is permitted to attend a meeting of shareholders of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receives the notices and communications that a shareholder is entitled to receive relating to meetin
gs and resolutions of shareholders; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
may be heard at a meeting of shareholders that the auditor attends on any part of the business of the meeting that concerns the auditor as auditor.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the directors of the company fail to comply with subsection (1), each director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 173\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Auditor's access to information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6650914 uditor of a company may require -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 access at all reasonable times to the company records, accounting records,
 and other company documents; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
from a director or employee of the company the information and explanations that the auditor reasonably considers necessary for the audit of the company.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 11
\par Disclosure to shareholders
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6650914 Subpart }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid6650914 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6650914 Annual report
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 174\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Annual report to shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5730142 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if a company must prepare financial state}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 ments in }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 accordance with section 161.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), the directors of a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 company must, within 20 working }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 days after the date on which the company is required to complete its financial statements under section 161(1),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16082400  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prepare an annual report on the affairs of the company for the accounting period ending on the balance date; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 send the report to each shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The constitution of a company may provide that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142  the directors are not required }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 to provide an annual report }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16082400 for an accounting period unless -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5730142 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder has given written notice to the company requiring an annual report; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13919703 (b)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16584401  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company has received the notice before the end of the accounting period.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5730142 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the directors of a company fail to comply wit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13919703 h subsection (2), each director }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 175\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Contents of annual report
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11143482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company's an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16082400 nual report must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be in writing and dated; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 include financial statements for the accounting period that comply with section 161; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 include the auditor's report, if an auditor's report is required for the financial statements included in the report; and

\par {\listtext\tab}(d) state}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the names of the directors in office at the end of the accounting period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of any person who ceased to be a director during the accounting period; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain any other information that may be required by}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14644501  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 regulations made under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the constitution; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
be signed on behalf of the directors by 2 directors of the company or, if the company has only 1 director, by that director.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11143482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Subpart 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14644501  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Miscellaneous documents
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 176\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other documents that company must send to shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11143482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must send the foll}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 owing documents to shareholders -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any document that is required by the constitution to be sent to shareholders:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a notice of acquisition of the company's own shares (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid14644501 see}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 34(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a disclosure document for the purposes of an offer of financial assistance for the purchase of the company's own shares (}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid14644501 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 44(4)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of a written resolution approved under section 70 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid14644501 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 71(3)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an auditor's written statement of reasons for resigning (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid14644501 
see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 168(a)).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11143482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14644501 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Shareholder request for information
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 177\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Shareholder may request information held by company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11143482 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11143482 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder of a company may at any time request the company to provide information held by it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11143482 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 equest must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 specify the information sought in sufficient detail for the company to identify it.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 178\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company must respond to request
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7602799 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must, within 10 working days after re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 ceiving a request under section }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 174,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provide the information; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 undertake to provide the information within a specified period; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 refuse to provide the information and specify the reason for the refusal.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An undertaking to provide the information within a specified period may be}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7602799  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to payment of a reasonable fee, as specified and explained by the company, to meet the cost of providing the information.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 179\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Reasons for refusing information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting the reasons for which a company may refuse to provide information under section 178, the company may r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 efuse to provide information if -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the disclosure of the information would or would be likely to prejudice the commercial position of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the disclosure of the info
rmation would or would be likely to prejudice the commercial position of any other person, whether or not that person supplied the information to the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the request for the information is frivolous or vexatious.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 180\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Withdrawal of request
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7602799 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder is taken to have withdrawn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 a request for information under }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 section 177 if, after notification of the fee that may be required, the shareholder has not paid the fee within 10 working days after receiving the notification.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsection (1) do}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 es not apply if the shareholder -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 undertakes to pay the fee; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 disputes that the fee is reasonable.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 181\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order company to provide requested information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder of a company who has requested informatio}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid7602799 n under section 177 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may apply to the Court for an order requiring the company to provide the information requested.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may order the company to provide the information within the time}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and on payment of the fee that the Court thi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 nks fit if it is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company does not have sufficient reason to refuse the information; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period specified for providing the information is unreasonable; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the fee required by the company is unreasonable.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7602799 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1395898 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An order under subsection (2) may specify the use that may be made of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7602799  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 information and the persons to whom it may be disclosed.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 12
\par Company reorganisations
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Subpart 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14644501  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Amalgamations
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 182\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Amalgamations
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any 2 or more companies may amalgamate, and continue as 1 company, in accordance with Schedule 6.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14644501 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14644501 Court approved reorganisations
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 183\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of arrangement and company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14644501 this subpart, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14644501 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid10100637 arrangement }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
includes a reorganisation of the share capital of a company by the consolidation of shares of different classes, or by the division of shares into shares of different cl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13919703 asses, or by both those methods}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2452984 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2452984 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  includes an overseas company that is registered on the Cook Islands register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 184\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Application to Court for order approving amalgamation, arrangement, or compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10100637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company or any shareholder or creditor of a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637  company may apply to the Court }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 for an order under section 185 approving an amalgamation, arrangement, or compromise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Before making an order under section 185, t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 he Court may make any 1 or more }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14644501 of the following interim orders -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an order that notice of the application, together with any information relating to it that the Court thinks fit, must be in the form and manner and given to any persons or classes of persons that the Court thinks fit:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an order directing the holding of a meeting or meeting
s of shareholders or any class of shareholders or creditors or class of creditors of a company to consider and, if thought fit, approve, in the manner specified by the Court, the proposed amalgamation, arrangement, or compromise:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for the purposes of a
n order under paragraph (b), an order determining the shareholders or creditors that constitute a class of shareholders or creditors:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an order requiring that a report on the proposed amalgamation, arrangement, or compromise be prepared for the Court b
y a person specified by the Court:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an order that the report referred to in paragraph (d) be provided to the shareholders, class of shareholders, creditors, or class of creditors of a company, or to any other person that the Court considers has an interest:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an order as to the payment of the costs incurred in preparing the report:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10100637 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an order specifying the persons who are entitled to appear and be heard on the application to approve the amalgamation, arrangement, or compromise.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10100637 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10100637 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In making an o
rder under subsection (2), the Court must have regard to the procedures for amalgamations under Schedule 6 and for arrangements and compromises under Part 13.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 185\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may approve amalgamation, arrangement, or compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2056361 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application under sectio
n 184(1), the Court may order that an amalgamation, arrangement, or compromise is binding on the company and on any other person or classes of person specified by the Court.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not make an order under this section in relation to an amalgama
tion or compromise unless it is impracticable to effect an amalgamation under Schedule 6 or a compromise under Part 13 or both.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 To avoid doubt, it is not impracticable to effect an amalgamation under Schedule 6 or a compromise under Part 13 by reason o
nly that the amalgamation or compromise has not been, or would not be likely to be, approved in accordance with the procedure set out in Schedule 6 or Part 13, as the case may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 be.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make an order under subsection (1) on any conditions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361  that the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court thinks fit, and the order has effect in and from the date specified in the order.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 198 applies, with all necessary}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361  modifications, to a compromise }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 approved under this section.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 186\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Additional orders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting section 185(1), the Court may, for the purpose of giving effect to any amalgamation, arrangement, or compromise approved under that section, provide for, and prescribe terms and condit}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9907327 ions relating to, the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the transfer or vesting of real or personal property, assets, rights, powers, interests, liabilities, contracts, and engagements:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the issue of shares, securities, or policies of any kind:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidation of any company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the provision to be m
ade for persons who voted against the amalgamation, arrangement, or compromise at a meeting ordered to be held under section 184(2)(b), or who appeared before the Court in opposition to the application for approval:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other matter that is necessary or desirable to give effect to the amalgamation, arrangement, or compromise.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 187\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Copies of orders must be filed with Registrar
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2056361 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that is the subject to an order under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361  this subpart must ensure that, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 within 10 working days after the order is made, a copy of the order is filed (using the prescribed form) with the Registrar for registration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company fails to comply with subsection (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 ), each director of the company }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commits an offence and is liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 13
\par Compromises with creditors
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid9907327 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid9907327 General
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 188\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this Part, unless the context otherwise requires, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3148606 compromise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a compromise between a company and its cr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 editors, including a compromise -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 cancelling all or part of a debt of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 varying the rights of its creditors or the terms of a debt; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 relating to an alteration of the company's constitution that affects the likelihood of the company being able to pay a debt.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 189\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who may make compromise proposal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any of the following persons with reason to believe that a company is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 or will }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 be insolvent may propose a compromise under this }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 Part -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the directors of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver appointed to the whole or substantially the whole of the company's assets and undertaking:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidator of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the leave of the Court, any creditor or shareholder of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Where the Court grants leave to a creditor or shareholder under subsection}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 (1)(d), the Court may make an order directing the company to provide the creditor or shareholder, within a specified time, with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a list of the names and addresses of the company's creditors showing the amounts owed to each of them; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 such other specified information that will enable the creditor or shareholder to propose a compromise.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid3148606 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3148606 Compromise procedure
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 190\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Proponent must compile list of affected creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2056361 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2056361 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who proposes a compromise (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2452984 proponent}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) must compile, in relation to each class of creditors of the company, a list of the creditors known to the proponent who would be affected by the compromise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2056361 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606  list of creditors must set out -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2452984 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the amount owing or estimated to be owing to each of them; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2452984 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the number of votes that each of them is entitled to cast on a resolution approving the compromise.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 191\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Proponent must give notice of proposed compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The proponent must give notice in accordance with Schedule 7 of the intention to hold a meeting of cre
ditors (or any 2 or more classes of creditors) to vote on a resolution approving the proposed compromise.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 192\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for notice of proposed compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 The notice of the meeting must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) comply with Schedule 7; and
\par {\listtext\tab}(b) be accompanied by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a statement that sets out the matters in subsection (2); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the list of creditors compiled under section 190; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) be given to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 each known creditor; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any receiver or liquidator; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) be filed with the accompanying documents with the Registrar in the prescribed form for registration.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The statement accompan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 ying the notice of meeting must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
state the proponent's name and address and the capacity in which the proponent is acting; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contai
n contact details (including telephone numbers and postal and email addresses) to which inquiries may be directed during normal business hours; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 set out the terms of the proposed compromise and the reasons for it; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 set out the reasonably foreseeable consequences for creditors of the company if the compromise is approved; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 set out the extent of the interest of any director in the proposed compromise; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 explain that the compromise will be binding on creditors (whether all creditors or a class of creditors) if approved; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
contain details of any procedure proposed as part of the proposed compromise for varying the compromise following its approval.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 193\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Approval of compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A compromise, including any amendment proposed
 at the meeting, is approved by the creditors, or a class of creditors if, adopted by the creditors or class of creditors at a meeting conducted in accordance with Schedule 7.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Approval of a compromise by a class of creditors is presumed, if there is mo
re than 1 class voting, to be conditional on approval by every other class voting, unless the resolution expressly provides to the contrary.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The proponent must give written notice in the prescribed form of the result of the vo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 
ting to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 each known creditor, the company, and any receiver or liquidator; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar for registration.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3148606 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid3148606  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3148606 Effect of compromise
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 194\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Compromise is binding on company and creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A compromise, including any amendment, that is approved by creditors or a cl
ass of creditors in accordance with this Part is binding on the company and on all the creditors, or, if there is more than 1 class of creditors, on all creditors of that class, to whom notice of the proposal was given.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 195\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Variation of compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3691160 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3691160 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A compromise approved under s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 ection 193 may be varied either -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in accordance with any procedure for variation incorporated in the compromise as approved; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3691160 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by the approval of a variation as if the proposed variation were a proposed compromise to which this Part applies but subject to all necessary modifications.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid29468 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Part applies to any compromise that is varied in accordance with this}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 section.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 196\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may make orders in relation to procedure or moratorium
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid29468 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1395898 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the proponen}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 t or the company, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
give directions in relation to a procedural requirement imposed by this Part, or waive or vary that requirement, if it considers that it would be just to do so; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order that during a specified moratorium period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 proceedings in relation to a debt owing by the company be stayed; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor not take any other measures to enforce payment of a debt owing by the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid29468 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1395898 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of an order under subsect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3148606 ion (1)(b), a moratorium period -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not begin earlier than the date o
n which notice was given of the proposed compromise; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid29468 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must end not later than 10 working days after the date on which notice was given of the result of voting on it.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9984558 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (3)\tab Nothing in subsection (1)(b) affects the right of a secured creditor during the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984558  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
specified moratorium period to take possession of, realise, or otherwise deal with, property of the company in which that creditor has a security interest.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 197\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order that creditor not bound by compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1464987 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid1464987 A creditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  who was entitled to vote 
on a compromise may apply, on 1 or more of the grounds set out in subsection (3), to the Court for an order that the creditor is not bound by the compromise or for such other order that the Court thinks fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application under subsection (1) must be 
made not later than 10 working days after the date on which notice of the result of the voting on the compromise was given to the creditor.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 e order if it is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor was not given sufficient notice of the 
meeting or the matters required to be notified to creditors under section 192(1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there was some other material irregularity in obtaining approval of the compromise; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a creditor who voted against the compromise, the comprom
ise is unfairly prejudicial to that creditor, or to the class of creditors to which that creditor belongs.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 198\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of compromise on liquidation of company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1464987 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a compromise is approved, the Court may make}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2452984  an order as it thinks fit with }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 respect to the extent (if any) to which the com}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2452984 promise will, if the company is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
put into liquidation, continue in effect and be binding on the liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make an order under subse}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 ction (1) on the application of -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver appointed in relation to the property of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the leave of the Court, any creditor or shareholder of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a compromise is approved and the company is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 later put into liquidation, the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may make an order as it thinks fit with respect to the extent, if any, to which the compromise continues in effect and is binding on the liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make an order under subse}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 ction (3) on the application of -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person described in subsection (2)(b) or (c).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 199\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Costs of compromise
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the Court orders otherwise, the costs incurred in organising and conducting a meeting of creditors for the purpose of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 
voting on a proposed compromise -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must be met by the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if incurred by a receiver or a liquidator, are a cost of the receivership or liquidation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if incurred by any other person, are a debt due to that person by the company.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 14
\par Liquidations
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14360497 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14360497 General
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 200\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 What this Part does
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Part sets out the procedure for, and the effect of, the liquidation of a company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 201\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of insolvency in this Part
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Part, unless the context otherwise requires, a company is insolvent if it is unable to pay its debts as they become due in the normal course of business.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14360497 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14360497 Appointment of liquidator
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 202\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidation begins with appointment of liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1464987 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1464987 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidation of a company begins on the date on which, and the time when, the liquidator is appointed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The date and time of appointment must be recorded in the order or resolution appointing the liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1464987 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of a liquidation, an act done, or a transaction entered into or effected, on the date on which a liquidator is a
ppointed, must be treated as done or entered into or effected after the time of the appointment on that date, unless the contrary is shown.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 203\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who may be appointed liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4788453 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 The liquidator must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4788453 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be a named person; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4788453 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 consent in writing to the appointment.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4408944 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4408944 Subject}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  to subsection (5), none of the following persons may be appointed or}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4408944  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497  as the liquidator of a company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4408944 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a corporation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4408944 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is under 21 years of age:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4408944 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person who has, within the 2 years immediately preceding the commencement of the liquidation, been a shareholder, director, auditor, or receiver of the company or of a related company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an undischarged bankrupt in any jurisdiction:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person in respect of whom an order is in force under the Cook Islands mental health legislation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is prohibited by an order under section 276 from being or continuing as a liquidator:
\par {\listtext\tab}(h) a person who is prohibited from being a director or promoter, or being concerned in or taking part in the management, of a company under this Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14617797 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14617797 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appointment of a person as liquidator without the written consent of that person is of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person who is or becomes disqualifie
d to become or remain a liquidator under subsection (2)(b) to (h), the Court may order that the person may be appointed and act, or may continue to act, as liquidator, despite being disqualified.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who acts in contravention of subsection (2) com
mits an offence and is liable on conviction to a fine not exceeding a fine not exceeding $5,000 or to a term of imprisonment not exceeding 12 months, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 204\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who appoints liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14617797 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 f a company may be appointed by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the director
s, on the occurrence of an event specified in the constitution of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shareholders, by special resolution:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court, on the application of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor (including any contingent or prospective creditor); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797 (v) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14617797 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At any time after the making of an application under subsection (1)(c) and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14617797  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
before a liquidator is appointed, the Court may, on the application of the company or any creditor or shareholder of the company, stay any application or proceeding against the company that is pending in the Court, the Court of Appeal, or any other tribun
al.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14617797 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14360497 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14360497  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14360497 Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i0\insrsid14617797\charrsid14360497  appointment of liquidator
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Role of Court
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 205\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When Court may appoint liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14617797 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may appoint a liq}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14360497 uidator if it is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company is insolvent; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12942616 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company or its directors have persistently or seriously failed to comply with this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12942616 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company does not comply with section 6; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12942616 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it is just and equitable that a liquidator be appointed.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14360497 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Proof of insolvency
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid1187727 \hich\af0\dbch\af0\loch\f0 206\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid1187727 Appointment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  of liquidator on ground that company is insolvent
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purpose of the appointment of a liqui}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 dator by the Court, a company's }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid9642919 insolvency may be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 presumed under section 207; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 proved by other means.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Information or records obtained under section 177 or, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 if the Court so orders, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 under section 181 may be received as evidence that a company is insolvent.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In determining whether a company is insolvent, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 the Court may take into account }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contingent or prospective liabilities.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, in the case of a prospective or contingent credito}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9642919 r, -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the cre
ditor may apply to the Court for the appointment of a liquidator only with the leave of the Court; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the Court may give leave, with or without conditions, only if it is satisfied that a prima facie case has been made out that the company is insolvent.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 207\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Presumption of insolvency
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the contrary is proved, a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9642919  is presumed to be insolvent if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company has failed to comply with a statutory demand (}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \i\insrsid10819251\charrsid9642919 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 208); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 execution issued against the company in respect of a judgment debt has been returned unsatisfied in whole or in part; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person with a security over all or substantially all of the property has appointed a receiver under the document creating the security; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a compromise between a company and its creditors has been put to a vote in accordance with Part 13.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 208\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Statutory demand
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1187727 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A statutory demand is a demand by a creditor in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727  respect of a debt owing or due }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 by a company that is made in accordance with subsection (2).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9642919 A statutory demand must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be in respect of a debt that is not less than the prescribed amount; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be served on the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 require the compan
y to do any of the following things to the reasonable satisfaction of the creditor, within 30 working days after the date of service (or any longer period that the Court may order under section 210(3))}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9642919  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \fi-720\li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel1\adjustright\rin0\lin2880\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 pay the debt:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enter into a compromise under Part 13:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise compound with the creditor:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give a security over its property to secure payment of the debt.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For failure by a company to comply with a statutory demand to be admissible}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 as evidence of insolvency in an application to appoint a liquidator, the application must be made within 30 working days after the last date for compliance with the demand.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid1187727 \hich\af0\dbch\af0\loch\f0 209\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 
Court may set aside statutory demand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727\charrsid4487102 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the company, the Court m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 ay set aside a statutory demand }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2782736 if it is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there is a substantial dispute whether or not the debt is owing or due; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company appears to have a counterclaim, set-off, or cross-demand for an amount that, when deducted from the amount of the demand, leaves an amount owing or due by the company that is less than the prescribed amount; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the demand ought to be set aside on other grounds.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1187727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not set aside a statutory demand by reason only of a defect or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 irregularity unless the Court considers that substantial injustice would result if it were not set aside.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subsection (2), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2452984 defect}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  includes a material misstatement of the amount due to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1187727  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the creditor and a material misdescription of the debt referred to in the statutory demand.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An order setting aside a demand may be made subject to conditions.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 210\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for application to set aside statutory demand
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1267671 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company must make its application to set aside a statutory demand, and serve it on the creditor, within 20 working days after the date of ser
vice of the statutory demand.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not extend the time for making or serving the application.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 When hearing an application to set aside a statutory demand, the Court may extend the time for compliance with the demand.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 211\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court's options if satisfied that debt is due by company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if, on hearing an application t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 o set aside a statutory demand, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court is satisfied that there is a debt owing or due by the company to the creditor that is not the subject of a substantial dispute nor subject to a counterclaim, set-off, or cross-demand.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the ground that the company is unable to pay its debt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 s, the Court may -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
order the company to pay the debt within a specified period and further order that, in default of payment, the creditor may apply for the appointment of a liquidator; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dismiss the application to set aside the demand and immediately make an order appointing a liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1267671 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is presumed to be insolvent if it defaults in making payment with}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1267671  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period specified by an order under subsection (2)(a).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Interim liquidator
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 212\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Appointment of interim liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may appoint a named }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 person as interim liquidator if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an application has been made to the Court for the appointment of a liquidator; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the Court is satisfied that the appointment of an interim liquidator is necessary or expedient for maintaining the value of assets owned or managed by the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appointment takes effect on the date on which, and the time when, the order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 appointing the interim liquidator is made.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must record in the order the date and time of the appointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of a liquidation, an act done, o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 r a transaction entered into or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
effected, on the date on which an interim liquidator is appointed, must be treated as done or entered into or effected after the time of the appointment on that date, unless the contrary is shown.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 213\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Role of interim liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1267671 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An interim liquidator has the rights and powers of a liquidator to the extent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 necessary or desirable to maintain the value of assets owned or managed by the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the Court may limit the rights and pow}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 ers of an interim liquidator as }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it thinks fit.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid2782736 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid2782736 Process of liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Commencement of liquidation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 214\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator must give public notice of appointment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator must, without delay after being app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 ointed or being notified of his }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 or her app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 ointment, give public notice of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator's appointment; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the date and time of the commencement of the liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the address and contact details (including telephone numbers and postal and email addresses) to which inquiries may be directed during normal business hours by a creditor or shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator must, within 10 working days after being appointed or being}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 notified of his or her appointment, file with the Registrar for registration a notice in the prescribed form of his or her appointment as liquidator.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 215\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Documents must state that company is in liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any document or negotiable instrument entered into, made, or issued by a liquidator of a company must state, in a prominent position, that the company is in liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 216\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of commencement of liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 With effect from the commenceme}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 nt of liquidation of a company, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the liquidator has custody and control of the company's assets:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the directors remain in office but cease to have powers, functions, or duties other th
an those required or permitted to be exercised by this Part:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unless the liquidator agrees or the Court orde}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 
rs otherwise, a person must not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commence or continue legal procee}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 
dings against the company or in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 relation to its property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise or enforce, or continue to exercise or enforce, a right or remedy over or against property of the company:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unless the Court orders otherwise, a share in the company must not be transferred:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there must be no alteration in the rights and liabilities of a shareholder of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a shareholder must not exercise a power under the constitution of the company or this Act except for the purposes of this Part:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there must be no alteration in the constitution of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1267671 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor is subject to the restrictions relating to prior execution process set out in Schedule 8.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subsection (1) does not affect the right of a secured creditor, subject to Part 3 of Schedule 9, to take possession of, and realise or otherwise deal with, property of the company that is subject to the creditor's security interest.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 217\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Obligations of suppliers of essential services
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any other enactment or contract, a suppli}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 er of an essential service must }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2782736 not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
refuse to supply the service to the liquidator, or to a company in liquidation, on the ground that the company has defaulted in paying charges due for the service for a period before commencement of the liquidation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1267671 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make it a condition of the suppl
y of the service to the liquidator, or to a company in liquidation, that payment be made of outstanding charges due for the service for a period before commencement of the liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1267671 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1267671 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The charges incurred by a liquidator for the supply of an essential
 service are an expense incurred by the liquidator for the purposes of clause 19(a) of Schedule 9.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2782736 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
In this section, an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2782736 essential service}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712  means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of gas; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of electricity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the supply of water; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of fuel and other similar consumable items necessary for the generation of electricity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 telecommunications services.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Taking control of company property
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 218\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Directors and others must deliver company property to liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A present or former director or employee of a company in liquidation must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
without delay after the appointment of the liquidator, give the liquidator details of company property in that person's possession or under his or her control; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on being required to do so by the liquidator, without delay or within any ti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712 
me specified by the liquidator, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
deliver the property to the liquidator or any other person as the liquidator directs; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dispose of the property as the liquidator directs.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with subsection (1) commits an offence and is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6955314  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or both.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 First steps in liquidation process
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 219\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 First report to creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6955314 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid198099 The liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  must, within th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712 
e applicable period, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prepare a list of every known creditor of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prepare and send to every known creditor and shareholder, and (using the prescribed form) file with }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7930712 the Registrar for registration, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a report containing a statement of the company's affairs, proposals for conducting the liquidation, and, if practicable, the estimated date of its completion; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a notice explaining the right of a creditor or sharehol
der to request a meeting of creditors or shareholders (as the case may be) under section 226.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (1), the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14092813 applicable period}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7930712  is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by the directors or the shareholders, within 5 working days after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by the Court, within 25 working days after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in either case, within any longer period as the Court may direct.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The requirement to prepare a f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712 irst report to creditors may be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dispensed with or modified by an order of the Court under section 225(1); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dispensed with by the liquidator under section 225(2).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 220\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 First meeting of creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the liquidator has dispensed with creditors' meetings, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 e liquidator must }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 call a meeting o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7930712 f the creditors of the company, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by the directors or the shareholders, within 10 working days after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by the Court, within 30 working days after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in either case, within any longer period as the Court may direct.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the liquidator has dispensed with creditors' meetings but receives a notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 under section 223(1)(c) requesting a meeting, the first meeting of creditors must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
be held within 15 working days after the liquidator receives the notice.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840 The liquidator must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give every known creditor notice of the meeting; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 include with the notice the section 219 report; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 not less than 5 working days before the meeting, give public notice of the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (4)\tab In subsection (3)(b), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid667802 section 219 report}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means the report and notice required}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 under section 219(1)(b).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 221\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Purpose of first meeting of creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The purpose of th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840 e first meeting of creditors is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by the directors or the shareholders, to resolve whether to confirm the appointment or to appoint a replacement liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by the Court
, to resolve whether to confirm that appointment or to apply to the Court for the appointment of a replacement liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in either case, to determine whether to pass a resolution expressing the views of the creditors.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the meeting resolves to appoint a replacement for the liquidator appointed by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the directors or the shareholders, the person named as the replacement by the resolution is, subject to section 203 (Who may be appointed liquidator), appointed liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the meeting resolves to appoint a replacement for the liquidator appointed by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840 the Court, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the liquidator must without delay apply to the Court for the appointment of the person named as the replacement by the resolution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court may appoint that person as liquidator.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 222\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 First report and first meeting of creditors not required for solvent company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid198099 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Sections 219 to 221 do not apply if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator has been appointed by the shareholders or the directors; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 within 20 working days before the appoin
tment, the directors resolved that the company would, on the appointment of a liquidator by the shareholders or the directors, be able to pay its debts; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of the resolution is (using the prescribed form) filed with the Registrar for registration.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, if the liquidator once appointed is not satisfied as to the solvency of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid198099  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the company, the liquidator must without delay call a first meeting of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
creditors and sections 219 to 221 apply with all necessary modifications.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (2), the liquidator is not satisfied as to the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 solvency of the company if the liquidator considers that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the directors who voted in favour of a resolution referred to in subsection (1)(b) did not have reasonable grounds to believe that the company would be able to pay its debts; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is insolvent.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (4)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subsection (2) is subject to section 223 (Liquidator may dispense with first}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 meeting of creditors).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 223\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may dispense with first meeting of creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator is not required to call a meeting under section 220 (firs}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 t meeting of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 creditors) or 222(2) (liquidator not satisfied as to solven}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840 cy), as the case may be, if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the liquidator considers that a meeting is unnecessary, having regard to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8718840  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \fi-720\li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel1\adjustright\rin0\lin2880\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the assets and liabilities of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the likely result of the liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other relevant matters; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the liquidator gives a notice in writing to the creditors that complies with subsection (2); and
\par {\listtext\tab}(c) no creditor has requested a meeting or, if a creditor has requested a meeting, the Court has directed that a meeting is not necessary.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator's notice m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11433680 ust state -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that the liquidator considers that a meeting is unnecessary; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the reasons for the liquidator's view; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that a meeting will not be called unless a creditor gives the liquidator written notice, within 10 working
 days after receiving the liquidator's notice, requesting a meeting and giving reasons why it is necessary.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator's notice must be given to every known creditor together with the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 report referred to in section 219(1)(b) (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid667802 section 219 report}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Reports
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 224\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Six-monthly report
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The liquidator must, within 2 months after the end of each period of 6 months following the date of commencement of the liquidation, prepare and send to every known creditor and shareholder, and (using the prescribed form) file with the Registrar}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750573  for registration, a report on -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct and progress of the liquidation during the preceding 6 months; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8849110 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any further proposals that the liquidator has for completing the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 225\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dispensing with reporting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8849110 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8849110 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a liquidator, the Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 may, on any conditions that the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10750573 Court thinks fit, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
dispense with the requirement to prepare a first report to creditors or a 6-monthly report; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 modify 1 or both of those requirements.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7634602 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7634602 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may dispense with the requireme}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 nt to prepare a first report to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 creditors or a 6-monthly report if the liquidator considers that the value of the assets of the company available for distribution to unsecured creditors who are not preferential credito
rs is not likely to exceed $0.20, or any other prescribed sum, in every dollar owed to those creditors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If subsection (2) applies, and the liquidator intend}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 s not to prepare a first report }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to creditors or a 6-monthly report, the liquidator must (using the prescribed from) file a notice of that intention with the Registrar.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7634602 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Meetings
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 226\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meeting of creditors or shareholders to appoint liquidation committee
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7634602 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7634602 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At any time in the liquidation, the liquidator may, on the request of any }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 creditor }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 or shareholder or on the liquidator's own initiative, call a meeti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750573 ng of creditors or shareholders -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
to vote on a proposal that a liquidation committee be appointed to act with the liquidator; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if it is so decided, to choose the members of the committee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7634602 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10750573 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may decline the request }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750573 on the ground that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the request is frivolous or vexatious; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the request was not made in good faith; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ex
cept if a creditor or a shareholder agrees to meet the costs, the costs of calling a meeting would be out of all proportion to the value of the company's assets.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7634602 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7634602 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator's decision to decline the request may be reviewed by the Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 on the application of any creditor or shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The sole shareholder of a company may present to the liquidator a view on any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7634602  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 matter that could have been decided at a meeting of shareholders called under this section, and that view must, for all purposes, be treated as a decision taken at a meeting of shareholders.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 227\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other meetings of creditors or shareh}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 olders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must call meetings of shareholders at the times specified by a resolution of shareholders passed at a meeting to appoint a liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must call meetings of creditors at the times specified by a resolution of creditors passed at the first meeting of creditors:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must call a meeting of shareholders without delay when required to do so by a notice in writing given by shareholde
rs who hold not less than 10% of all the shares issued by the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must call a meeting of creditors without delay when required to do so by notice in writing given by creditors to whom is owed not less than 10% of the total amount owed to all creditors of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may, at his or her discretion, call a meeting of creditors or shareholders.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 228\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for meeting of creditors or shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator who calls a meeting of creditors or shareholders must call}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271  the meeting in accordance with -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 7; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a meeting of shareholders, the constitution of the company, except that the liquidator has the power to give notice of the meeting and to act as, or appoint, the chairperson of the meeting.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Liquidation committees
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 229\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidation committees
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidation committee must consist of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 not less than 3 persons who are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 creditors or shareholders; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 persons holding general powers of attorney from creditors or shareholders; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 authorised directors or representatives of companies that are creditors or shareholders of the company in liquidation.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquida}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 tion committee has the power to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 call for reports from the liquidator on the progress of the liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 call a meeting of creditors or shareholders (which must be held in accordance with Schedule 7):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 apply to the Court under sections 273, 275, or 276:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 assist the liquidator as appropriate in the conduct of the liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If meetings of shareholders and creditors differ on the issue of whether to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint a liquidation committee or on the membership of the committee, the liquidator must refer the matter to the Court which may determine the issue as it sees fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The provisions set out in Schedule 10 govern meetings of a liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 committee.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a liquidation committee is unable to act because of vacancies in membership,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator must call attention to that situation in the liquidator's next 6-monthly report.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 230\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restrictions on members of liquidation committee
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8933271 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except with the leave of the Court, a membe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 r of a liquidation committee (a }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid10751267 member)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  must not receive any remuneration for services as member.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except with the leave o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 f the Court, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a member must not, directly or indirectly, become a purchaser of any asset of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must not receive out of the assets of the company in liquidation any payment for services by the member in connection with the administration of the assets of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must not receive out of the assets of the company in liquidation any payment for goods supplied by the member to the liquidator for, or on account of, the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may set aside a transaction in breach of subse
ction (1) and may make other orders in relation to the breach as it sees fit, including orders for the recovery of assets and the repayment of any benefit or payment received by the member.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may grant leave under this section on any conditions that it thinks fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The Court must not grant leave for the payment for services by a member unless the services are of a special nature and the Court must specify in its order the nature of the services for which payment may be made.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Creditors' claims
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 231\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Claims process
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A claim by a creditor in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 the liquidation of a company is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 preferential claim; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a non-preferential claim.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10751267 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A claim is made according to the procedure set out in Schedule 9.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 232\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Order in which claims are paid
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must pay the preferential claims }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 before non-preferential claims, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8933271 that is, the liquidator must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
first pay out of the assets of the company the expenses, fees, and claims set out in Part 4 of Schedule 9; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 pay them to the extent and in the order of priority specified in Part 4 of Schedule 9.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10751267 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The assets of the company that remain after payi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 ng the preferential claims must }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 be applied in payment of all other claims, that is, the non-preferential claims.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The non-preferential claims rank equally am}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10751267 ong themselves and must be paid }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in full, unless the assets are insufficient to meet them, in which case payment abates rateably among them.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 233\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other rules relating to claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The other rules relating to claims are set out in Schedule 9.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Final report
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 234\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Final report and accounts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 As soon as practicable after completing his or her duties in relation to the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 iquidation, the liquidator must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prepare and send the documents set out in subsection (2) to every creditor whose claim has been admitted and to every shareholder; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (using the prescribed form) file those documents with the Registrar for registration.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271 The documents are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the final report and statement of realisation and distribution in respect of the liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a statement that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8933271  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
all known assets have been disclaimed, or realised, or distributed without realisation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all proceeds of realisation have been distributed; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is ready to be removed from the Cook Islands register; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1660799 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(c) a summary of the applicable grounds on which a creditor or shareholder may object to the removal of the company from the Cook Islands register under section 341.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 235\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dispensing with final report and accounts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, the Court may make}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  an order -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
exempting the liquidator from compliance with section 234 (Final report and accounts); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 modifying the application of all or part of section 234 in relation to the liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make the order on any conditions that it thinks fit.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Termination of liquidation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 236\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Termination of liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At any time after the appointment of a liquidator, the Court may mak}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3108078 e an order }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 terminating the liquidation of the company if the Court considers that it is just and equitable to do so.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The following persons may apply for an order under subsection (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may require the liquidator to provi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 de a report to the Court on any }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 facts or matters relevant to the application.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the Court makes an order, the company ceases to be in liquidation and the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liquidator ceases to hold office with effect on and from the making of the order or any other date specified in the order.
\par (5)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on making the order or at any l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 ater time, make any other order }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that it thinks fit in relation to the termination of the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 237\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of termination of liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The applicant for an order terminating the liquid}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 ation of a company must, within }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 10 working days after the order was made, file (using the prescribed form) a notice of the order with the Registrar for registration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with subsectio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 n (1) commits an offence and is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Completion of liquidation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 238\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Completion of liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidation of a company is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  completed when the liquidator, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 complies with section 234(1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 files with the Registrar for registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of any order made under section 235(1)(a); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of any order made under section 235(1)(b) together with any documents required to comply with the order.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 239\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidation Surplus Account
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 After}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1660799  completion of the liquidation, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the liquidator must pay to the Registrar any money representing unclaimed assets of the company standing to the credit of the liquidator; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar must hold the money on trust and deal with it in accordance with this section.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8002425 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Twelve months after the date on which the mone}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 y is paid, the Registrar must -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 deduct any amount required to meet the claim of any person that is established in t
he 12-month period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 pay the balance into an account entitled the "Liquidation Surplus Account" for distribution in accordance with this section.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8002425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Money held in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 the Liquidation Surplus Account -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be invested only in a bank that is licens
ed as a banking business under the Banking Act 2011, and the interest earned may be distributed in accordance with this section:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8002425 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not subject to the Unclaimed Moneys Act 1970.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may, from t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 he Liquidation Surplus Account, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
pay or distribute money to any person entitled to payment or distribution in the liquidation of a company of any money representing the surplus assets of the company that has been paid into the Liquidation Surplus Account; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to any conditions
 that the Registrar may impose, pay costs incurred in the course of the liquidation of a company for the purpose of proceedings brought by the company (including the costs of legal or other expert advice, or the costs of any expert witness), if the Regist
rar is satisfied that it is fair and reasonable for those costs to be met out of the Liquidation Surplus Account.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In making a payment under this section, the Registrar is not required to ascertain}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 that money or sufficient money was received on account of any company to which the claim for payment relates.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Liquidation of assets of overseas company
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 240\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order liquidation of assets of overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application may be made to the Court for an o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 rder for the liquidation of the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 assets in the Cook Islands of an overseas company in accordance with this Part subject to the modifications and exclusions set out in Schedule 13.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make the order whet}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 her or not the overseas company -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is registered under section 361; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
has given public notice of an intention to cease to carry on business in the Cook Islands in accordance with section 365(1)(a); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has given notice to the Registrar of the date on which it will cease to carry on busi
ness in the Cook Islands in accordance with section 365(1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has been dissolved, or otherwise ceased to exist as a company, under or by virtue of the laws of any other country.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Pooling of assets and joint liquidation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 241\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Pooling of assets of related companies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subse}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 ction (2), the Court may, if it }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 considers that it is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714  just and equitable, order that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644\charrsid4487102 
a company that is, or has been, related to the company in liquidation must pay to the liquidator the whole or part of any or all of the claims made in the liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644\charrsid4487102 
if 2 or more related companies are in liquidation, the liquidations in respect of each company must proceed together as if they were 1 company to the extent that the Court orders and subject to any terms and conditions that the Court imposes.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644\charrsid4487102 
The persons who may make the application are the liquidator, a creditor, or a shareholder of the company in liquidation or of 1 or more of the related companies in liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644\charrsid4487102 The Court may make any other order or give any directions to facilitate giving effect to an order under subsection (1) that it thinks fit.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 242\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Guidelines for orders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In deciding whether it is just and equitable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  to make an order under section }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 241(1)(a), the Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 urt must consider the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the extent to which the related company took part in the management of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct of the related company towards the creditors of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the extent to which the ci
rcumstances that gave rise to the liquidation of the company are attributable to the actions of the related company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other matters that the Court considers relevant.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In deciding whether it is just and equitable to make an order under section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 241(1)(b), the Court must consider the following\emdash 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the extent to which any of the companies took part in the management of any of the other companies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct of any of the companies towards the creditors of any of the other companies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the extent to which the circumstances that gave rise to the liquidation of any of the companies are attributable to the actions of any of the other companies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the extent to which the businesses of the companies have been combined:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other matters that the Court considers relevant.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Reliance by the creditors of a company in liquidation on the fact that another}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company was, or is, related to it is not a ground for making an order under section 241(1).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid15221714 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15221714 Office of liquidator
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Vacancy
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 243\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Vacancy
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The office of liquidator b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15221714 ecomes vacant if the liquidator -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resigns in accordance with section 244; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dies; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is removed by the Court; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is or becomes disqualified to act as liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15276644 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except in the case of resignation, the person vacating office or his or her}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 personal representative must without delay file a notice (using the prescribed form) of the vacancy with the Registrar.
\par (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If, as a result of vacancy, no person is acting as liquidator, the Registrar may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint a person to act as liquidator until a successor is appointed by the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 244\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Resignation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15276644 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13516282 A liquidator may resign by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointing another person as his or her successor; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15276644 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filing a notice (using the prescribed form) of that appointment with the Registrar for registration.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 245\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may review appointment of successor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsectio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 n (2), the Court may review the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 appointment of a successor to a liquidator and instead appoint as liquidator any person qualified for appointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons w}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 ho may make the application are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder or other entitled person:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or creditor.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 246\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Appointment of successor by Court
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsecti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 on (3), the Court may appoint a }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 liquidato}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 r if a vacancy has occurred and -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has not been filled; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has been filled by an appointment by the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may appoint as liquidator any person qualified for appointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The followi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 ng persons may apply -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder or other entitled person:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or creditor.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator appointed under this section must, within 10 working days after}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 being appointed or being notified of the appointment, file a notice (using the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prescribed form) of the appointment with the Registrar for registration.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 247\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty to assist successor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person vacating the office of liquidator must, where practicable,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  provide the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 information and give the assistance to his or her successor as the successor reasonably requires in taking over the duties of liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person vacating the office of liquidator mu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 st without delay, or within any }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reasonable time specified by his or her successor, deliver to the successor the following items that are in his or her possess}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 
ion or under his or her control -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any company records or documents:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other property of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all claims:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidation accounts, records, and documents.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Remuneration
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 248\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Remuneration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator appointed by a resolution or directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  or shareholders is entitled to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 charge reasonable remuneration for carrying out his or duties and exercising his or her powers as liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the Court orders otherwise, a liquidator appointed by the Court is entitled}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 to charge remuneration -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of an amount fixed by regulations made under this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at the rate or rates prescribed by regulations made under this Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator's remuneration and expenses are payable out of the assets of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 company but the Court may approve payment of remuneration and expenses from another specific source.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13516282 Subpart 6}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid13516282  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13516282 Duties of liquidator
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 249\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Principal duty of liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The principal duty of a liquidator of a compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13516282 y is, properly and efficiently, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
to take possession of, protect, realise, and distribute the assets, or the proceeds of the realisation of the assets, of the company to its creditors in accordance with this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if there are surplus assets remaining, to distribute them, or the proceeds of the realisa}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid8717094 tion of the surplus assets, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (i) in accordance with the company's constitution; or
\par {\listtext\tab}(ii) if the constitution makes no provision for the distribution of surplus assets, in accordance with section 21(2)(c).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 250\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other duties
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting section 249, a liquidator has the other duties and functions specified in this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 251\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator not required to act in relation to property subject to charge or security interest
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Despite anything in this Act, a liquidator may, but is not required to, carry out any duty or exercise any power in relation to property that is subject to a charge or security interest.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply if the charge or security interest is surrendered or taken to be surrendered or redeemed.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 252\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty to consider views of creditors and shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8717094 The liquidator must consider -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the views of the shareholders expressed in a resolution at the meeting held to appoint a liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the views of creditors set out in a resolution passed at the first meeting of creditors:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the views of creditors or shareholders set out at a meeting of creditors or shareholders called by the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the views of any liquidation committee given in writing to the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this section limits or prevents a liquidator from exercising his or her}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 discretion in carrying out his or her functions and duties under this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 253\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to accounts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16073498 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16073498 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must keep accounts and records of the liquid}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498 ation (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid13913814 liquidation accounts and records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must permit inspection of the liquidation accounts and records,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16073498  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and of the company accounts and records (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7960247 company accounts and records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8717094 ), by -
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a liquidation committee, unless the liquidator believes on reasonable grounds that inspection would be prejudicial to the liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the Court so orders, a creditor or shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13913814 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13913814 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must retain the liquidation accounts and records and the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 accounts and records for not less than 1 year after completion of the liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the Registrar may, whether before or after the completion of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8717094 liquidation, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 authorise the disposal of any accounts and records; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 require any accounts or records to be retained for longer than 1 year after the completion of the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 254\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duties in relation to funds
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13913814 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13913814 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator must deposit any funds rec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 eived on behalf of a company in }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 liquidation in a bank account in the name of the company or in a trust account with a bank to be held on trust for the benefit of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator may invest funds held on behalf of or to the credit of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and not required for the time being to meet credit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 ors' claims only in the form of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 bank deposits; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 securities issued by the Government of the Cook Islands; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other investment approved by the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 255\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duties in relation to company transactions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13913814 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13913814 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Excep}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 t with the leave of the Court, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a liquidator must not, directly or indirectly, become a purchaser of any asset of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not purchase goods or services for the purposes of the liquidation from an
y person whose connection with the liquidator would result in a direct or indirect benefit to the liquidator as a result of the purchase.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13913814 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13913814 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may set aside a transaction in breach of subsection (1) and may make}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13913814  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 other orders in relation to the breach as it sees fit, including orders for the recovery of assets and the repayment of any benefit by the liquidator.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The Court may grant leave under subsection (1) on any conditions that it sees}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fit.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid5510122 Subpart 7}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid5510122  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid5510122 Powers of liquidator
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 General powers
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 256\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Powers of liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5510122 A liquidator has the powers -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 necessary to carry out the functions and duties of a liquidator under this Act; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
conferred on a liquidator by this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 257\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidators must act jointly unless otherwise stated
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If 2 or more persons are appointed as liquidators of a company, they must act jointly unless the resolution of shareholders or directors or the order of the Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16715021  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointing them states that they may exercise their powers individually.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Specific powers
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 258\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator has specific powers set out in Schedule 11
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting section 256, a liquidator has the specific powers set out in Schedule 11.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Production of documents and other information
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 259\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may require production }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 of company documents or records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidato
r may, by notice in writing, require a director or shareholder of the company or any other person to deliver to the liquidator any documents or records of the company in that person's possession or under that person's control, as the liquidator requires.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 260\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may require provision of information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16715021 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator may, from time to time, by notice in writing}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021  (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid16715021\charrsid7960247 liquidator's }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7960247 notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ), require any of the per}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5510122 son listed in subsection (2) to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 attend on the liquidator at any r
easonable time or times, and at the place, specified in the liquidator's notice (and this may include attendance at a meeting of creditors):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provide the liquidator with information requested by the liquidator about the business, accounts, or affairs of the company:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
be questioned on oath or affirmation by the liquidator or a lawyer acting for the liquidator about any matter relating to the business, accounts, or affairs of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 assist in the liquidation to the best of the person's ability.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16715021 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16715021 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons ref}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 erred to in subsection (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 1}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16715021 ) are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16715021 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid6629696 a director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 or former director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who was involved in the promotion or formation of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a current employee of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a past employee of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver, accountant, auditor, bank officer, or other person having knowledge of the affairs of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is acting, or who has at any time acted, as a lawyer for the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The li
quidator may pay the reasonable travel and other expenses incurred by a person listed in subsection (2)(e), (f), or (g) in complying with the liquidator's notice.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsection (2)(e), (f), or (g), the Court may or
der the liquidator to pay that person reasonable remuneration and travel and other expenses incurred in complying with the liquidator's notice.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person listed in subsection (2)(e), (f), or (g) may not refuse to comply with the liquidator's }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5510122 notice by reason only that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an application under subsection (4) has yet to be made or determined; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the person has not been paid in advance the remuneration or expenses to which he or she is entitled; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator has not paid that person travel or other expenses previously incurred.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 261\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Examination by liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator, or a lawyer acting for a liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 , may administer an oath to, or }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 take the affirmation of, a person required to be questioned under section 260(1)(c).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person required to be questioned under sect}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 ion 260(1)(c) is entitled to be }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 represented by a lawyer.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator or lawyer acting for a liquidat}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 or who questions a person under }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 260(1)(c) must ensure that the questions and answers are recorded in writing or by means of a sound recording, video and sound recording, or other similar means.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 262\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order person to comply with requirement under section 259 or 260
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, the Court may order a person who has failed to comply with a requirement of a liquidator under section 259 or 260 to comply with that requirement.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 263\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court process for examination and production of documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, the Court m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 ay order a person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid6629696\charrsid5510122 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 ) to whom }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 section 260 applies to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
attend the Court and be questioned on oath or affirmation by the Court or the liquidator on any matter relating to the business, accounts, or affairs of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 produce any documents relating to the business, accounts, or affairs of the company in P's possession or under P's control.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If P is questioned by the Court or the liqu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5510122 idator under subsection (1)(a), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the questions and answers must be recorded in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the person questioned must sign the record.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to any directions by the Court, a record of an examination under this}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 section is admissible in evidence in any proceedings under this Part or under section 106.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 264\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restriction on enforcement of lien over company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person is not entitled, as against the liqui}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 dator of a company, to claim or }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 enforce a lien over the documents of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the lien arises in relation to a debt for the provi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 sion of services to the company }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
before the commencement of the liquidation, the debt is a preferential claim against the company under Part 4 of Schedule 9 to the extent of $500 or such greater amount as may be prescribed at the commencement of the liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid555385 section applies to a company if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the liquidator was appointed by the directors or shareholders under section 204(1); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the directors passed a resolution of the kin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid555385 d referred to in section 222(1)}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 222(2) does not apply in relation to the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 265\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Documents held by receiver
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver is not required to deliver to a l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 iquidator under section 259 any }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 document that the receiver requires for the purpose of exercising any powers or functions as receiver in relation to the property of a company in liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may, from time to time, by notice in writing, require the receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
make any documents available for inspection by the liquidator at any reasonable time or times; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provide the liquidator with copies of any documents or extracts from them.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6629696 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6629696 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4084166 The liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  may take copies of any docum}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6629696 
ents made available or extracts }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 from them.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The liquidator must pay the reasonable expens}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 es of the receiver in complying }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with a requirement of the liquidator under subsection (2).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 266\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Document held by secured creditor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person must deliver a document to a liquidato}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 r under section 259 even though }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 possession of the document creates a security interest in property of a company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Production of the document to the liquidator does}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166  not prejudice the existence or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 priority of the security interest, and the liquidator must make the document available to the person entitled to it for the purpose of dealing with, or realising, the security interest.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 267\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Self-incrimination
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person is not excused from answering a question in the cou}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 rse of being }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 questioned under section 261 (Examination by liquidator) or 263 (Court process for examination and production of documents) on the ground that the answer may incriminate or tend to incriminate that person.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The testimony of the person questioned is not adm}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 issible as evidence in criminal }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 proceedings against that person except on a charge of perjury in relation to that testimony.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Enforcement of shareholder liability
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 268\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power to enforce liability of shareholders and former shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator may enforce the liability of a shareholder or former shareholder in respect of any shares issued to the shareholder or former shareholder.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Disclaimer of onerous property
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 269\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of onerous property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of sections 270 to 272, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16727742 onerous property}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742  means -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an unprofitable contract; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 property of a company that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \fi-720\li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel1\adjustright\rin0\lin2880\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is unsaleable; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not readily saleable; or
\par {\listtext\tab}}\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid16727742 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (iii) }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid16727742 give}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  rise to a liability to pay money or perform an onerous act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 270\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power to disclaim onerous property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator may disclaim onerous property even though the liquidator has taken possession of it, tried to sell it, or otherwise exercised
 rights of ownership in relation to it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A liquidator who disclaims onerous property must, within 10 working days after the disclaimer, give notice in writing of the disclaimer to any person whose rights are, to the knowledge of the liquidator, affected by the disclaimer.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 271\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of disclaimer
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16727742 (1)\tab A disclaimer -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(a) brings to an end, on and from the date of the disclaimer, the rights, interests, and liabilities of the company in relation to the property disclaimed:
\par {\listtext\tab}(b) does not, except so far as necessary to release the company from a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
liability, affect the rights or liabilities of any other person.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)\tab A person who suffers loss or damage as a result of a disclaimer under section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 270 may -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 claim as a creditor of the company for the amount of the 
loss or damage, taking account of any order made by the Court under paragraph (b):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 apply to the Court for an order that the disclaimed property be delivered to or vested in that person.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make an order under subsection (2)(b) if it is satisfied that it is just and equitable that the property should be vested in the applicant.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 272\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may be required to elect whether to disclaim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16727742 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person whose rights would be affected by the disclaimer of onerous property may give the liquidat
or notice in writing requiring the liquidator to elect whether to disclaim the property before the close of a date specified in the notice (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7960247 specified date}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The specified date must be at least 20 working days after the date on which the notice is received by the liquidator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator is not entitled to disclaim the property after the close of the specified date.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16727742 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid16727742 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid16727742 Court supervision
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 273\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may make orders and give directions in relation to liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4084166 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsecti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 on (2), the Court may do any of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16727742 the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give directions in relation to any matter arising in the liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confirm, reverse, or modify an act or decision of the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order an audit of the liquidator's accounts:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
order the liquidator to produce the liquidation accounts and records for audit and to provide the auditor with the information about the conduct of the liquidation that the auditor requests:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for any period, review or fix the remuneration of the liquidator at a level that is reasonable in the circumstances:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order the liquidator to repay remuneration to the extent that the Court finds that it is unreasonable in the circumstances:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 declare whether or not the liquidator was validly appointed or validly assumed custody or control of property:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
make an order concerning the retention or the disposition of the liquidation accounts and records or the company accounts and records.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons w}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 ho may make
 the application are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidation committee:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4084166 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the leave of the Court, a creditor, shareholder, or director of the company in liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4084166 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16727742 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The powers of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742  the Court under subsection (1) -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 are in addition to any o
ther powers the Court may exercise in its jurisdiction in relation to liquidators under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be exercised}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li1985\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin1985\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in relation to a matter occurring either before or after the liquidation commenced or the removal of the company from the Cook Islands register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether or not the liquidator has ceased to act as liquidator when the application or order is made.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 274\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator's defence of acting in accordance with Court direction
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9597394 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9597394 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator who acts in accordance with a direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 tion of the Court has a defence }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in relation to anything done or not done in accordance with that direction.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, on the application of any person, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9597394 e Court may order that, because }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the circumstances in which the direction was obtained, the liquidator does not have the defence given by subsection (1).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid15277566 \hich\af0\dbch\af0\loch\f0 275\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid15277566 Compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in section 277(}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 1), the Court may, if satisfied }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 that there is a fa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 ilure of liquidator compliance, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 relieve the liquidator of the duty to comply wholly or in part; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order the liquidator to comply to the extent specified in the order (which may extend the time for compliance).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An order to comply is made without prejudice to any other remedy that may be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 available in relation to the failure to comply.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a liquidator fails to comply with an order made under subsection (1)(b), the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may make an order removing the liquidator from office.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and in sections 276 and 277, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7960247 
failure of liquidator compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 means that a liquidator has failed, or is failing, to comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 
ly with a relevant duty arising -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 under this Act or any other enactment or law; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any order or direction of the Court (other than an order made under subsection (1)(b)).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 276\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Prohibition order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if the Court is satisfied that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 a person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid15277566\charrsid7960247 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 ) is unfit to act as }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liquidator because of \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 his or her persistent failures of liquidator compliance; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the seriousness of his or her failure of liquidator compliance.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in section 277(1), the Court must prohibit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 P, for a per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 iod not exceeding 5 years, from -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 acting as a liquidator in a current or other liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 acting as a receiver in a current or other receivership.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (1)(a), evidence of P's persistent failures of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 liquidator compliance includes, in the absence of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16727742 pecial reasons to the contrary, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
evidence that, on 2 or more occasions within the preceding 5 years, the Court has made a compliance order under section 275(1)(b) in respect of P:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence that, on 2 or more occasions within the preceding 5 }{\field\fldedit{\*\fldinst {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid15277566  HYPERLINK http://years.an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15277566 {\*\datafield 
00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f00790065006100720073002e0061006e00000000000012370000295c0100005d00053ae96000d100}}}{\fldrslt {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs52\insrsid15277566\charrsid15277566 years}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs52\insrsid10819251\charrsid15277566  an}}}\sectd \ltrsect\linex0\sectlinegrid272\sectdefaultcl\sectrsid4487102\sftnbj {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  application for a compliance order under section 275(1)(b) has been made in respect of P and that in each case P complied after the application was made and before the hearing.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The applicant for an order made under this section must file a copy of the order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 with the Registrar within 10 working days after the order is made.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 277\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Person who may apply for compliance or prohibition orders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15277566 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15277566 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons who may make an application under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 section 275(1) or (3) or 276(2) }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3286368 are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidation committee:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver appointed in relation to the property of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor, shareholder, or director of the company in liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15277566 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15563699 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15563699 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid15563699 A person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  other than the liquidator must not apply for an order under section}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15563699  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3286368 275(1)(b) unless -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15563699 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
notice of the failure of liquidator compliance has been served on the liquidator not less than 5 working days before the date of the application; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15563699 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as at the date of the application, there is a continuing failure of liquidator compliance.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15563699 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3286368 Subpart 9}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid3286368  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3286368 Voidable transactions
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid15563699 \hich\af0\dbch\af0\loch\f0 278\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15563699 
Definition of time periods
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15563699 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this subpart,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3286368  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3286368 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3286368 2-year period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3286368  means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3286368 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the period of 2 years counted back from the close of the day on which liquidation commences; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in th
e case of a company that was put into liquidation by the Court, the period of 2 years counted back from the close of the day on which the application was filed in the Court plus the period counted forward from that day until the time and date of the order
; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of the appointment of a liquidator by a resolution of the shareholders or the directors subsequent to an application to the Court, the period of 2 years counted back from the close of the day on which the application was filed in the 
Court plus the period counted forward from that day until the date and time of the appointment
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15278106 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6559204 1-year period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 has the same meaning as 2-year period except that "1 year" must be substituted for "2 years"
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6559204 3-year period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the same meaning as 2-year period except that "3 years" must be substituted for "2 years"

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6559204 6-month period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the same meaning as 2-year period except that "6 months" must be substituted for "2 years".

\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Insolvent transaction
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 279\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Insolvent transaction voidable
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A transaction by a company is voi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 dable by a liquidator if it is}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1594789  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an insolvent transaction; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 entered into otherwise than in the ordinary course of business; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 entered into within the 2-year period.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An insolvent transaction is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1594789 a transaction by a company that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is entered into at a time when the company is unable to pay its due debts; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
enables another person to receive more towards satisfaction of a debt owed by the company than the person would receive, or would be likely to receive, in the company's liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7960247 transaction }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 means any of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444  following steps by the company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 onveying or transferring the company's property:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 giving a security in the property of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 incurring an obligation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 undergoing an execution process:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 paying money (including paying money in accordance with a judgment or an order of a court):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 anything done or omitted to be done for the purpose of entering into the transaction or giving effect to it.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A transaction that is entered into within the 6-month period is presumed, unless}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the contrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444 y is proved, to be entered into -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at a time when the company is unable to pay its due debts; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise than in the ordinary course of business.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 280\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Intent or purpose of company must be disregarded
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In determining whether a transaction took }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 place in the ordinary course of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 business, no account is to be taken of any inte}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444 nt or purpose of the company to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enable another person to receive more towards satisfa
ction of a debt owed by the company than the person would receive, or would be likely to receive, in the company's liquidation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reduce or cancel the liability, whether in whole or in part, of another person in respect of a debt incurred by the comp
any; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
contribute towards the satisfaction of the liability, whether in whole or in part, of another person in respect of a debt incurred by the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply if the other person knew that it was the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 intent or purpose of the company to do any of the things listed in subsection (1)(a), (b), or (c).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 281\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for setting aside insolvent transaction
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The procedure for setting aside an insolvent transaction is the procedure set out in Schedule 12.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Voidable security
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 282\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Voidable security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A security in any property or undertaking }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 of a company is voidable by the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16394444 liquidator if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the security was given within the 1-year period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 immediately after the security was given, the company was unable to pay its due debts.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the contrary is proved, a company giving a security within the 6-month}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 period is presumed to have been unable to pay its due debts immediately after giving the security.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 283\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exception for money actually advanced, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 282 does not apply if the security secures any of the following things done at the time of, or immediately af}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444 ter, the giving of the security -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 money actually advanced or paid to the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the actual price or value of property sold or supplied to the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 valuable consideration given in good faith by the security holder.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 284\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exception for substituted security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 282 does not apply if the security is in su}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 bstitution for a security given }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 before the 1-year period.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the exception in subsection (1) does not apply to the extent that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444  -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the amount secured by the substituted security exceeds the amount secured by the existing security; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the value of the property subject to the substituted security at the 
date of the substitution exceeds the value of the property subject to the existing security at that date.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 285\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exception for security securing unpaid purchase price
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6559204 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6559204 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 282 does not apply if the security secur}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6559204 es the unpaid purchase price of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 property (whether or not the security is given over that property) if the instrument creating the security is executed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 not later than 30 days after the sale of the property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of the sale of an estate or interest in land, not later than 30 days after the final settlement of the sale.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 286\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Payments received by secured party
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab For the purposes of sections 283 and 285, if a se}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 curity was given by the company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
within the 1-year period, all payments received by the security holder after it was given are taken to have been appropriated so }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444 far as may be necessary towards -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) repayment of money actually advanced or paid by the security holder to the company; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223\charrsid4487102 payment of the actual price or value of property sold by the security holder to t
he company on or after the giving of the security; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223\charrsid4487102 
payment of any other liability of the company to the security holder in respect of any other valuable consideration given in good faith on or after the giving of the security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16394444 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11935223\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 287\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for setting aside voidable security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The procedure for setting aside a voidable security is the procedure set out in Schedule 12.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Transactions under or over value
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 288\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Recovery of profit in transaction at undervalue
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11935223 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Under subsection (2) the liquidator of a co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 mpany may recover from a person }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid10819251\charrsid11935223 (X)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  the amount C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3372926  in the formula A - B = C where -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11935223 A}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 is the value that X received from the company under a transaction to which the company was or is a party; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11935223 B }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
is the value (if any) that the company received from X under the transaction.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11935223 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may recover the difference in value (that is, C in the formula in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3372926 subsection (1)) from X if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company entered into the transaction within the 2-year period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 either}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3372926  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li1985\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin1985\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company was unable to pay its due debts when it entered into the transaction; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company became unable to pay its due debts as a result of entering into the transaction.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11935223 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3372926 transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  has the same meaning as in section}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 279(3).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 289\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Acquisition for excessive consideration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11935223 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company has acquired a business, property, or services (the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid10819251\charrsid7960247 acquisition}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) within the 3-year period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the acquisition was acquired from a person listed in subsection (2); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the consideration given by the company for the acquisition exceeded its value at the time it was made.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11935223 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11935223 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may recover the difference between the consideration given for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11935223  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the acquisition and the value at the time it was made from the person from whom it was acquired if that person was, at the time of the ac}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 
quisition, any of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a nominee or relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a trustee for a director or for a relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person, or a relative of a person, who controlled the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company controlled by a person listed in paragraph (a), (b), or (c):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a related company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16516935 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16516935 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this se}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 ction and sections 290 and 291, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the value of a business or property includes the value of any goodwill attaching to the business or property:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16516935 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 without limiting the circumstances in which a company may be taken to be controlled by a person, a person cont
rols a company if that person may, by exercise of a power exercisable by that person (with or without the consent or concurrence of any other person), appoint or remove all the directors of the company, or any number of directors as together hold a majori
ty of voting rights at a meeting of directors.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 290\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Disposal for inadequate consideration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5059098 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234  This section applies if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3961278 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company has disposed of a business, property, or services (the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid10819251\charrsid7960247 disposition}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) within the 3-year period; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3961278 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the disposition was made to a person listed in subsection (2); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3961278 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the value of the business, property, or services exceeded the consideration received by the company for the disposal.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3961278 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11929234 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may recover the difference between the consideration received}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3961278  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 for the disposal and the value at the time it was made from the person to whom it was disposed if that person was, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 at the time of the disposition, -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a nominee or relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a trustee for a director or for a relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person, or a relative of a person, who controlled the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company controlled by a person listed in paragraph (a), (b), or (c):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a related company.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may set aside security
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 291\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may set aside security over company property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10032325 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, the Court may,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325  as against the liquidator, set }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 aside a security given by the company over any of its property or undertaking }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is unable to meet all its debts; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the security holder is a person listed in subsection (2); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the Court considers that it is just and equitable to set the security aside having regard to the considerations set out in subsection (3).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10032325 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person referred to in subsection (1)(b) is any of the following at the time when}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11929234 the security was given -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a nominee or relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a trustee for a director or for a relative of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person, or a relative of a person, who controlled the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company controlled by a person listed in paragraph (a), (b), or (c):
\par {\listtext\tab}(f) a related company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10032325 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The considerations refer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 red to in subsection (1)(c) are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the circumstances in which the security was given; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct of the security holder in relation to the affairs of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other relevant circumstances.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10032325 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make any other orders that it thinks proper for giving effect to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 an order under this section.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in any enactment relating to the registration of an interest or estate in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 land restricts the operation of this section.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 292\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Section 291 does not apply to certain securities
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 291 does not apply to a security that has been transferred by the person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11929234 A}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) who was the original security holder and has been purchased by another pe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 rson (whether or not from A) if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
at the time of purchase, the purchaser was not a person listed in section 291(2); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the purchase was made in good faith }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 and for valuable consideration.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11929234 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11929234 Subpart 10}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid11929234  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11929234 Liability of directors and others
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 293\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability if proper accounting records not kept
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10032325 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10032325 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section appli}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 es if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) a company in liquidation is unable to pay all its debts; and
\par {\listtext\tab}(b) the company has failed to comply with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 158 (which relates to the keeping of accounting records); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10032325 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 160 (which relates to the preparation of financial statements); and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) the Court considers that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 (i) the failure to comply has -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (A) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contributed to the company's inability to pay all its debts; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (B) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resulted in substantial uncertainty as to the company's assets and liabilities; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (C) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 substantially impeded the orderly liquidation; or
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (ii) for any other reason it is proper to make a declaration under subsection (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, the Court may declare that any 1 or more}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of the directors or former directors of the company are personally responsible, without limitation of liability, for all or any part of the debts and other liabilities of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may give any direction it thinks fit for giving effect to the declaration.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make a declaration under this section even though the person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 concerned is liable to be convicted of an offence.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 294\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Defence to liability under section 293
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not make a declaration under section 293 in relation to a person if the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 Court considers that the person -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 took all reasonable steps to secure compliance by the company wi
th the applicable provision referred to in section 293(1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
had reasonable grounds to believe, and did believe, that a competent and reliable person was responsible for ensuring compliance with that provision and was in a position to discharge that responsibility.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 295\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may require repayment of money or return of property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if it appears to the Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 urt that a person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid15073434\charrsid11929234 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 ) listed in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 subsection (3) has -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 misapplied, or retained, or become liable or accountable for, money 
or property of a company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 been guilty of negligence, default, or breach of duty or trust in relation to a company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator or a credito}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 r or shareholder, the Court may -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 inquire into the conduct of P; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order P to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
) repay or restore the money or property or any part of it with interest at a rate that the Court thinks just; or
\par {\listtext\tab}(ii) contribute such sum to the assets of the company by way of compensation as the Court thinks just; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the applicat
ion is made by a creditor, order that person to pay or transfer to the creditor the money or property or any part of it with interest at a rate that the Court thinks just.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons referred to in subsection (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 ) are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a past or present director of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a manager or officer of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidator or receiver of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section has effect even though the conduct may constitute an offence.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 15
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 Company receiverships
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11929234 Subpart}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid11929234  1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11929234 General
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 296\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 What this Part does
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Part sets out the law relating to the conduct of company receiverships.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 297\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Outline of company receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15073434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15073434 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver is appointed by a secured creditor of a company to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 take control of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the property of the company that is subject to the creditor's security.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15073434 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this Part, unless }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 the context otherwise requires, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15796994 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means the company in respect of whose property a receiver is appointed
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15796994 property in receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the property of the company in respect of which a receiver is appointed.

\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11929234 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11929234 Appointment of receiver
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 298\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Who may be appointed receiver
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11929234 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (3), none of the follow}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 ing persons may be appointed or }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 ct as the receiver of a company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) a corporation:
\par {\listtext\tab}(b) a person who is under 21 years of age:
\par {\listtext\tab}(c) a creditor of the company:
\par {\listtext\tab}(d) a person who is, or who has within the 2 years immediately before the commenc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11929234 ement of the receivership, been -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or employee of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or employee of a mortgagee of the property in receivership:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (e) an undischarged bankrupt in any jurisdiction:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) a person in respect of whom an order is in force under the Cooks Islands mental health legislation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is prohibited by an order under section 276 from being or continuing as a liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is prohibited by an order under section 332 from being or continuing as a receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person who is prohibited from being a director or promoter, or being concerned in or taking part in the management, of a company under section 104:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (j) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person who is disqualified from acting as a receiver by the document that confers the power to appoint a receiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who acts in contravention of subsection (1) commits an offence and is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding a fine not exceeding $5,000 or to a term of imprisonment not exceeding 12 months, or both.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appointment of a person as a receiver without the written consent of that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 person is of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person who is or becomes disqualified to become or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 remain a receiver under subsection (1)(b) to (j), the Court may order that the person may be appointed and act, or may continue to act, as a receiver, despite being disqualified.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 299\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Appointment of receiver under document
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A receiver may be appointed in respect of the property of a company by, or in the exercise of a power conferred by, a document to which the company is a party.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appointment of a receiver in the exercise of a power conferred by a document must be in writing.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver appointed under subsection (1) is the agent of the company unless the terms of appointment expressly provide otherwise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Appointment under subsection (1) is in addition to appointment by the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 300\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Extent of power to appoint receiver
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A power conferred by a document to appoint }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 a receiver includes, unless the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 document expressly provides }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 otherwise, the power to appoint -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 2 or more receivers:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an additional receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver to succeed a receiver who has vacated office.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Two or more receivers may act jointly or severally to the extent that they have}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the same powers unless the terms of appointment expressly provide otherwise.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 301\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of appointment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab A receiver must, within 5 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 working days after appointment, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) give written notice of appointment to the company; and
\par {\listtext\tab}(b) give public notice of appointment, including}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver's full name; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the date of appointment; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the rec
eiver's address and contact details (including telephone numbers and postal and email addresses) to which inquiries may be directed during normal business hours; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a description of the property in receivership; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) file a copy of the public notice (using the prescribed form) with the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If applicable, a notice under this section must }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 also state that the receiver is -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointed as an additional receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appointed as a replacement receiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver who fails to comply with this section commits an offence and is liable on conviction to a fine not exceeding a fine not exceeding $4,000.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 302\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company or receiver who, in the course of a receivership, issues a document on which the name of the co
mpany appears must ensure that the document clearly states that a receiver has been appointed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A failure to comply with subsection (1) does not affect the validity of the document.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with subsection (1) commits an offence and is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10052982 Subpa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10052982 rt 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10052982 Vacancy
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 303\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Vacancy
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The office of receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982  becomes vacant if the receiver -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resigns; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dies; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is removed by the Court; or
\par {\listtext\tab}(d) is or becomes disqualified to act as receiver.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 304\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Resignation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver resigns by giving written notice of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 not less than 5 working days to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the person who appointed him or her.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver appointed by the Court resigns by gi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 ving written notice of not less }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 than 5 working days to the Registrar of the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 305\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of resignation or disqualification
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a receiver is disqualified, he or she must witho}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 ut delay give written notice of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the resulting vacancy to the person who appointed him or her.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a receiver resign}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 s or is disqualified, he or she -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must without delay give public notice of the resulting vacancy; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must, within 5 working days after the vacancy occurred, file a notice (using the prescribed form) of the vacancy wit
h the Registrar.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15796994 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with subsection (1) or (2) commits an offence and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 is liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 306\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty to assist successor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15796994 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person vacating the office of receiver must,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994  where practicable, provide the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 information and give assistance in the conduct of the receivership to his or her successor as that person reasonably requires.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a replacement receiver, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15796994 e Court may make any order that }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court considers necessary or desirable to facilitate the performance of the receiver's duties.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10052982 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10052982 Duties of receiver
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 307\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 General duties
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver must exercise his or her powers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  in good faith and for a proper }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 purpose.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver must exercise his or her powers in a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  manner that he or she believes }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 on reasonable grounds to be in the best interests of the person in whose interests he or she was appointed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 To the extent consistent with subsections (1) an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 d (2), a receiver must exercise }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 his or her powers with reasonable regard to the interests of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 persons claiming, through the company, interests in the property in receivership; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unsecured creditors of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sureties who may be called upon to fulfil obligations of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a receiver appointed under a document acts or refrains from acting in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 accordance with any directions given by the person in whose interests he or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 she was appointed, the receiver -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not in breach of the duty referred to in subsection (2); but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is still liable for breach of the duty referred to in subsection (1) or (3).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this section limits section 308 (Duty of receiver disposing of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 property in receivership).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 308\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty of receiver disposing of property in receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10052982 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In disposing of the property in receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 , a receiver owes a duty to the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 persons listed in subsection (2) to act in a commercially reasonable manner.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 (2) The duty is owed to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 persons claiming, through the company, interests in the property in receivership; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unsecured creditors of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sureties who may be called upon to fulfil obligations of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A disposition is not commercially unreasonable merely because a better price}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 could have been obtained by disposition at a different time or by a different method from the time and method adopted by the receiver.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In the case of personal property, a disposition of the property is commercially}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reasonable if the re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 ceiver disposes of the property -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in conformity with commercial practice among dealers in that type of property; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at a public auction held after public notice of not less than 5 working days.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10052982 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the Court has given directions for the disposition of the property in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 receivership, disposition in accordance with those directions is commercially reasonable, but nothing in this section requires that the directions of the Court be obtained.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 309\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 No defence or indemnity
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any enactment or rule of law or anything contained in the document under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982  which a receiver is appointed, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
it is not a defence to a breach of the duty in section 308 that the receiver was acting as the company's agent or under a power of attorney from the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a receiver is not entitled to compensation or indemnity from the property in receivership or the company for any liability for breach of the duty in section 308.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 310\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to money
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver must keep money relating to the propert}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10052982 y in receivership separate from -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the other money received in the course of, but not relating to, the receivership; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 other money held by or under the control of the receiver.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 311\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty in relation to accounting records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver must at all times keep accounting re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 cords that correctly record and }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 explain the receipts, expenditure, and other transactions relating to the property in receivership.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The receiver must retain the accounting records for not less than 7 years after}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receivership ends.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 312\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty to notify suspected offences, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10052982 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver of a company must notify the Regis}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 trar in writing if the receiver }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10052982 considers that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company or any director or officer of the company has committed an offence und
er this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any director or officer of the company has been guilty of any default, breach of duty, or breach of trust in relation to the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14883821 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A report made under subsection (1), and any communication between the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 receiver and the Registrar relating to that report, are protected by absolute privilege.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in subsection (1) imposes a duty on a receiver to investigate whether}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an offence has been committed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver who fails to comply with subsectio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 n (1) commits an offence and is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 313\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty to prepare reports
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4916865 t prepare the following reports -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an initial report that complies with clause 1 of Schedule 14:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 interim reports that comply with clause 2 of Schedule 14 for each 6-month period after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a final report that complies with clause 3 of Schedule 14 at the end the receivership.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4916865 The receiver must prepare -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the initial report within 2 months after appointment:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an interim report within 2 months after the end of the period to which it relates:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14883821 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the final report within 2 months after the end of the receivership.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the receiver, the tim}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 e for preparing a report may be }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 extended by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4916865  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court, in the case of a receiver appointed by the Court:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar, in all other cases.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14883821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and section 314, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4916865 receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  inclu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 des the person who was receiver }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at the end of the receivership.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14637349 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A person who fails to comply with this section c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 ommits an offence and is liable }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
on conviction to a fine not exceeding a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 314\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Persons entitled to receive and inspect receiver's reports
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14637349 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver must send a copy of each report required}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498  under section 313, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) within 5 working days after preparing it, to each of the following}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the person in whose interests the receiver was appointed:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar (using the prescribed form):
\par {\listtext\tab}(iv) the Registrar of the Court, if the receiver was appointed by the Court:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) to any of the following, within 15 working days of a written request for a copy and on payment of the reasonable cost}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11889498  of making and sending the copy -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) a creditor, director, or surety of the company:
\par {\listtext\tab}(ii) any other person with an interest in the receivership:
\par {\listtext\tab}(iii) the authorised agent of a person referred to in subparagraph (i) or (ii).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14637349 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14637349 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person entitled to receive a receiver's report is entitled to inspect it at the office of the receiver during normal business hours.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14637349 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A person who fails to comply with this section commits an offence and is liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8001206 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11889498 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid11889498  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11889498 Powers of receiver
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 315\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 General powers
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8001206 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver has the powers expressly or impliedly conferred by the terms of appointment.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 316\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Specific powers
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8001206 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the terms of appointment, a recei}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 ver may do any of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 demand and recover income of the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 issue receipts for income recovered:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 manage the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 insure the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 repair and maintain the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 inspect at any reasonable time documents that relate to 
the property in receivership and are in the possession or under the control of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
exercise, on behalf of the company, a right to inspect documents that relate to the property in receivership and that are in the possession or under the control of a person other than the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 buy and sell the property in receivership in the ordinary course of business.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 317\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power to execute documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8001206 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8001206 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver may execute in the name and on beha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 lf of the company all documents }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 necessary or incidental to the exercise of the receiver's powers.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document signed by a receiver on behalf }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8001206 of the company must be taken to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 have been properly executed.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 318\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power to sell real property in absence of mortgagee's consent
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if a receiver is unable to ob}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 tain the requisite consent of a }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 mortgagee to the sale of real property in the receivership.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application by the receiver, the Court ma}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 y make any order that it thinks }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fit authorising the receiver to sell the property (alone or together with other assets) if the Court is satisfied that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver has made reasonable efforts to obtain the mortgagee's consent; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 the sale -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is in the interests of the company and the company's creditors; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 will not substantially prejudice the interests of the mortgagee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An order under subsection (2) may be made on the terms and conditions that the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Court thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 319\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power of receiver on liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (2), a receiver may, unless}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  the Court orders otherwise, be }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 appointed or continue to act as a receiver and exercise all the powers of a receiver in respect of property of a company in liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver in respect of property of a company in liquidation may act as the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 agent }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 of the company only -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the approval of the Court; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the written consent of the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who is excluded by subsection (2) from acting as the agent of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 company does not on that account become the agent of a person by whom or in whose interests the receiver was appointed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A debt or liability incurred by a company though the acts of a receiver acting as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the agent of the company is not a cost, charge, or expense of the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 320\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Validity of receiver's acts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The act of a receiver is not invalid merely }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 because of any of the following defects}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11889498  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver was not validly appointed:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver is disqualified as a receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver is not authorised to do the act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply to a transaction entered into by a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 receiver if the p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 erson dealing with the receiver -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 knows of a defect listed in subsection (1); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ought to know of that defect by reason of the person's relationship with the receiver or the receiver's appointor.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid11889498 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11889498 Liability of receiver
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 321\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Contractual liability
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver is personally liable on a contract ente}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 red into in the exercise of any }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of the receiver's powers.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the contract may exclude or limit the p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 ersonal liability of a receiver }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 who is not appointed by the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 322\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability for wages or salary under existing contract of employment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab A receiver is personally liable for payment of wages or sala}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 ry that accrue under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a contract of employment entered into befor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 e the receiver's appointment if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the wages or salary accrue during the receivership; and
\par {\listtext\tab}(b) the contract of employment relates to the property in receivership.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, subsection (1) does not apply if, within 10 working days after his or her a
ppointment, the receiver gives notice lawfully terminating the contract of employment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
On the application of the receiver and on any conditions that the Court thinks fit, the Court may extend the period for terminating the contract after appointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application must be made before the expiry of the 10-working day period.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 323\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability for director's remuneration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver is personally liable for the payment of remuneration under a contract with a director of the company if the receiver has expressly confirmed the contract.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 324\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability for rent and other payments
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8262882 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8262882 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 This section applies if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
rent and any other payments become due under an agreement in force at the date of appointment of a receiver; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8262882 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the rent and payments relate to the use, possession, or occupation by the company of property in receivership.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The receiver is personally liable for that portion of the rent or other payments}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 that accrues in the period beginning 10 working days after the date of appointme}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 nt and ending on the earlier of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the date on which the receivership ends; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the date on which the company ceases to use, possess, or occupy the property.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498  the application of a receiver, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 excuse the receiver from liability under this section; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 limit the liability of the receiver to a greater extent than specified in this section.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11889498 Nothing in this section -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must be taken as giving rise to an adoption by a receiver of an agreem
ent referred to in subsection (1)(a); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 renders a receiver liable to perform any other obligation under the agreement.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 325\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability on contract}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216  entered into without authority
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in sections 321 to 324}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 limits the liability of a receiver on a contract entered into without authority; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 confers on a receiver a right to an indemnity in respect of liability on a contract entered into without authority.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216\charrsid4487102 Relief from liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 326\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Receiver is entitled to indemnity
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver is entitled to an indemnity out of the property in receivership in respect of the receiver's liability under sections 321 to 324.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 327\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may relieve receiver from liability
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make an order relieving a per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 son who has acted as a receiver }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 from all or any personal liability incurred in the course of the receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680  if the Court is satisfied that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the liability was incurred solely by reason of a defect in the receiver's appointment or in the document or order of Court under which the receiver was appointed; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver acted honestly and reasonably; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver ought, in the circumstances, to be excused.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make the order on any terms and conditions that it thinks fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person in whose interests a receiver was appointe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 d is liable, subject to any }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 terms and conditions that the Court thinks fit, to the extent that the receiver is relieved from liability under subsection (1).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11297680 Subpart 7}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid11297680  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid11297680 Court supervision
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 328\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may give directi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ons in relation to receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15998216 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the applicati}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 on of a receiver, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give directions in relation to any matter arising in the receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 revoke or vary those directions.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 329\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may make orders in relation to remuneration and validity of appointment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11297680 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15998216 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsection (2),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680  the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 for any period, review or fix a receiver's remuneration at a level that is reasonable in the circumstances; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 (b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order a receiver to refund remuneration in exce
ss of what the Court finds is reasonable remuneration in the circumstances; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
declare whether or not a receiver was validly appointed in respect of any property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 (d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
declare whether or not a receiver validly entered into possession or assumed control of any property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 (e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15998216 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 revoke or vary an order made under this subsection.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons who may make an application under subsection (1) are any of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11297680 following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person claiming, through the company, an interest in the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the directors of the company or, if the company is in liquidation, the directors of the company at the time the liquidator was appointed:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company is in liquidation, the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The powers of the Court under this section or section 328 may be exercised}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether or not the receiver has ceased to act as receiver when the application is made.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 330\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Receiver's defence of acting in accordance with Court direction
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver who acts in accordance with a direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 tion of the Court has a defence }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in relation to anything done or not done in accordance with that direction.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, on the application of any person, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 e Court may order that, because }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the circumstances in which the direction was obtained, the receiver does not have the defence given by subsection (1).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 331\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Compliance order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in section 333(}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 1), the Court may, if satisfied }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 that th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 ere is a failure of compliance, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 relieve the receiver of the duty to comply wholly or in part; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order the receiver to comply to the extent specified in the order (which may extend the time for compliance).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An order to comply is made without prejudice to any other remedy that may be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 available in relation to the failure to comply.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a receiver fails to comply with an order made under subsection (1)(b), the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Court may make an order removing the receiver from office.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16714841 failure of compliance}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means that a receiver has failed, or is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 failing, to comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 
ly with a relevant duty arising -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 under this Act or any other enactment or law; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any order or direction of the Court (other than an order made under subsection (1)(b)).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 332\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Prohibition order
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if the Court is satisfied that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 a person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10569740\charrsid16714841 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740\charrsid16714841 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  is unfit to act as }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 receiver because of -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the seriousness of his or her failure of compliance; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 his or her persistent failures of compliance.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10569740 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in section 333(1), the Court must prohibit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 P, for a per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 iod not exceeding 5 years, from -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 acting as a receiver in a current or other receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 acting as a liquidator in a current or other liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10569740 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11297680 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (1)(b), evidence of P's persistent failures of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 compliance includes, in the absence of s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11297680 pecial reasons to the contrary, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(a) evidence that, on 2 or more occasions within the preceding 5 years, the Court has made a compliance order under section 275(1)(b) or 331(1)(b) in respect of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid6554931 P:}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence that, within the p
receding 5 years and in respect of P, the Court has made 1 or more orders under section 275(1)(b) and 1 or more orders under section 331(1)(b):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10569740 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence that, on 2 or more occasions within the preceding 5 }{\field\fldedit{\*\fldinst {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid8131321  HYPERLINK http://years.an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid8131321 {\*\datafield 
00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f00790065006100720073002e0061006e000000000000f49232006f000100e03c000522fb74009100}}}{\fldrslt {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs52\insrsid8131321\charrsid8131321 years}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs52\insrsid10819251\charrsid8131321  an}}}\sectd \ltrsect\linex0\sectlinegrid272\sectdefaultcl\sectrsid4487102\sftnbj {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  application for a compliance order under section 275(1)(b) or 331(1)(b) has been made in respect of P and that in each case P complied after the application was made and before the hearing:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence that, within the preceding 5 years and in respect of P, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 
there have been 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  or more applications for an order under section 275(1)(b) and 1 or more applications for an order under section 331(1)(b) and that in each case P complied a
fter the application was made and before the hearing.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The applicant for an order made under this section must file a copy of the order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 with the Registrar within 10 working days after the order is made and the Registrar must file the order by reference to the name of the person subject to the order.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 333\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Person who may apply for compliance or prohibition orders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons who may make an application for an order under section 331(1) or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 (3) or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 332(2) are any of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person seeking appointment as a receiver:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person claiming, through the company, an interest in the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a guarantor of an obligation of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company is in liquidation, the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person must not apply for an order und}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 er section 333(1) unless -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
notice of the failure of compliance has been served on the receiver not less than 5 working days before the date of the application; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as at the date of the application, there is a continuing failure of compliance.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 334\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Order protecting property in receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on making an order that removes or has the effect of removing a receiver from office, mak}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 e the orders that it thinks fit -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for preserving the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 requiring the receiver for that purpose to make ava
ilable to any person specified in the order any information and documents in or under the receiver's possession or control.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 335\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may terminate or limit receivership
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a person listed in subsec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 tion (2), the Court may make an }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6554931 order -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) terminating the receivership, including prohibiting the appointment of another receiver; or
\par {\listtext\tab}(b) limiting the receivership to specified assets.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The persons who may make an appli}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 cation under subsection (1) are -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 in liquidation, the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 An order under this section -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
may be made only if the Court is satisfied that the purpose of the receivership has as far as possible been met or that its continuation is not justified:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may include 
an order prohibiting a person in whose interests the receiver was appointed from taking possession or assuming control of the property in receivership:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be made on the terms and conditions that the Court thinks fit:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may be rescinded or amended on the application of any person who applied for the order or who is affected by it:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 except for an order under paragraph (b), does not affect a security or charge over the property to which the order relates.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the Court orders otherwi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 se, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a copy of an application under this section must be served on the receiver not less than 5 working days before the hearing of the application; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the receive may appear and m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6554931 ake submissions at the hearing.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6554931 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid6554931 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid6554931 Supply of essential services
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 336\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Obligations of suppliers of essential services
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any other enactment or contract, a supplier of an essential service must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid6554931 not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 refuse to supply the service to a receiver or to the company on the ground that 
the company has defaulted in paying charges due for the service for a period before the date of the appointment of the receiver; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make it a condition of the supply of the service to a receiver or to the company that payment be made of outstanding ch
arges due for the service for a period before the appointment of the receiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13506425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16714841 essential service}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 
 means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of gas; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of electricity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the supply of water; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the retail supply of fuel and other similar consumable items necessary for the generation of electricity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 telecommunications services.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 16
\par Rem}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8131321 oval from Cook Islands register
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid13506425 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13506425 Removal from register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 337\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Removal from register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is removed from the Cook Islands register when the Registrar registers a notice stating the company is removed from the Cook Islands register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 338\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Grounds for removal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8131321 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to section 340, the Registrar must remove a company fr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 om the Cook Islands register if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company fails to file its annual return within the period of 6 months after the month allocated for filing the return; or
\par {\listtext\tab}(b) the company does not comply with section 6 (Essential requirements); or
\par {\listtext\tab}(c) the company is in liquidation and\_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13506425 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 6 months have elapsed after the completion of liquidation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar has not received the prescribed documents confirming completion of liquidation; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) the company is in liquidation and the Registrar receives the prescribed documents confirming completion of liquidation; or
\par {\listtext\tab}(e) there is filed with the Registrar a request under section 339 for the company's removal.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 339\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Request for removal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8131321 (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any of the following persons may request th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 e removal
 of a company from the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 Cook Islands register -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person authorised to make the request by a special resolution of shareholders entitled to vote and voting on the question:

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director or any other person, if the constitution so provides.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A request for removal may be made }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 on the grounds that the company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
has ceased to carry on business, has discharged in full its liabilities to all known creditors, and has distributed its surplus assets in accordance with its constitution and this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
has no surplus assets after paying its debts in full or in part, and no creditor has applied to the Court for an order putting the company into liquidation.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 The request must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form (if any); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 accompanied by prescribed third party consents (if any); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid13506425 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid13506425 Procedure for removal from register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 340\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When notice of removal required
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must not remove a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  from the Cook Islands register }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13506425 unless -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) public notice of th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 e removal has first been given, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for removal under section 338(b) or (c), by the Registrar;
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for removal under section 338(d), by the liquidator;
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for removal under section 338(e), by the person requesting removal; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the deadline date has passed without an application for an order under section 343.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Public notice is not required for removal under section 338(a).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The notice of removal must specify a date that i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 s the deadline for a person who }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 objects to the removal to apply for an order under section 343.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 341\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Objection to removal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No person may object to the removal of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 a company from the Cook Islands }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 register under section 338(a).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may object to the removal of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 a company from the Cook Islands }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 register under any of section 338(b) to (e).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person may object to removal on any 1 o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13506425 r more of the following grounds -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company is still carrying on business or there is other reason for it to continue in existence:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is a party to a legal proceeding:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is in receivership or liquidation:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the person objecting is a creditor, shareholder, or other person having an undischarged claim against the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the person objecting believes that there exists, and intends to pursue, a right of action on the part of the company under Part 8:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for any other reason, removal would not be just and equitable.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 342\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of undischarged claim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of section 341(3)(d), a claim by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  a creditor against the company }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid13506425 is not an undischarged claim if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the claim has been paid in full; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the claim has been paid in part under a compromise entered into under Part 13 or by being otherwise compounded to 
the reasonable satisfaction of the creditor; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the claim has been paid in full or in part by a receiver or a liquidator in the course of a completed receivership or liquidation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver or liquidator has notified the creditor that the asse
ts of the company are not sufficient for any payment to be made to the creditor.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of section 341(3)(d), a claim by a shareholder or other person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 against the company is not an undischarged claim if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15097715  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shareholder or other person 
has been paid in accordance with a right under the constitution to receive or share in the company's surplus assets; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver or liquidator has notified the shareholder or other person that the company has no surplus assets.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 343\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure for objection
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person objects to the removal of a company from the Cook Islands register by applying to the Court for an order that the company not be removed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application must be made on or before the date specified in the public notice of the removal.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The Court may order that the company not be removed if the Court is satisfied, on 1 or more of the grounds specified in section 341(3), that the company should not be removed.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15097715 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid15097715 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15097715 Effect of removal from register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 344\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Property of company vests in Crown
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14180300 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Property of a company that, immediately be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 fore the company's removal from }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the Cook Islands register, had not been distributed or disclaimed vests in the Crown on removal from the register.
\par (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this section, property of the former company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 includes leasehold property and all other rights vested in or held on trust for the former company; but}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 does not include property held by the former company on trust for any other person.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Minister must without delay give public notice that the property has vested}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the Crown, and the notice must state the name of the former company and describe the property.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 345\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Person claiming property may apply to Court
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if a person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14180300 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) would have }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 been entitled to receive all or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
part of the property of a company removed from the register, or payment from the proceeds of its realization, if the property had been in the hands of the former company immediately before its removal from the register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application by P, or a person cl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 aiming through P, the Court may -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order that all or part of the property vest in the applicant; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order the Crown to pay the applicant compensation which must not be greater than the value of the property.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 Court may also -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 determine issues of value, entitlement, and apportionment; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 consolidate the hearing of applications; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 treat an application as made on behalf of all the persons, or all of a class 
of persons, with an interest in the property; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make any ancillary order.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1394382 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compensation ordered to be paid under subsection (2)(b) must be paid out of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the Consolidated Fund without further appropriation than this section.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 346\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liability of directors, shareholders, and others continues
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1394382 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liability of any person (including a former director or shareholder) in respect of any act or omission occurring before the compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 
y was removed from the register -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not affected by the removal; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1394382 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 continues and may be enforced as if the company had not been removed.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14313177 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14180300 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14180300 Crown's disclaimer of property vesting on removal from}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid14313177\charrsid14180300  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14180300 register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 347\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Crown may disclaim onerous property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2578570 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2578570 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Minister may, by notice in writing, disclaim onerous property ves
ting in the Crown under section 344 and the property is then treated as not having vested in the Crown.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Minister must without delay give public notice of the disclaimer
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16714841 onerous property}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid14180300  means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an unprofitable contract; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company property that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \fi-720\li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel1\adjustright\rin0\lin2880\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is unsaleable; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not readily saleable; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may give rise to a liability on the part of the Crown.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 348\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restrictions on Crown's disclaimer
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2578570 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab Subject to any order of the Court, the Minister}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570  may not disclaim under section }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 347 -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
after a date specified in a notice in writing to the Minister to elect whether to disclaim, provided that date is not less than 60 working days after the Minister receives the notice:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in any event, after 12 months from the date when the Minister first became aware of the vesting of the property.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2578570 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A statement in the Minister's notice of disclaimer that the Minister first became}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2578570  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 aware of the vesting of the property on a specified date is evidence of that fact in the absence of proof to the contrary.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 349\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of Crown's disclaimer
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2578570 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2578570 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Crown's disclaimer under section 347}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
terminates, on and from the date of the disclaimer, the Crown's rights, interest, and liabilities in relation to the property; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
does not affect the rights and liabilities of any other person (except to the extent necessary to release the Crown from a liability).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who suffers loss or damage as the result of disclaimer by the Crown}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14180300 under section 347 may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 clai
m as a creditor of the company for the amount of the loss or damage, taking account of an order under paragraph (b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 apply to the Court for an order that the disclaimed property be delivered to or vested in that person.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14180300 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14180300 Restoration of company to register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 350\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When Registrar must restore company to Cook Islands register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subsection (2), the Registrar must,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  on the application of a person }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 specified in subsection (3), restore to the register a company that has been removed from the Cook Islands register under section 338(a) for failing to file an annual return.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300  must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar within 2 years after removal from the register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form (if any); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 accompanied by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \fi-720\li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel1\adjustright\rin0\lin2880\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all outstanding annual returns; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the associated filing fees; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a late filing fee for each outstanding annual return.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person may apply if the person was any of the following at the time the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 y was removed from the register -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder, director, creditor, or entitled person of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a party to any legal proceedings against the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person with an undischarged claim against the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a receiver of property of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may waive the requirement in subsection (2)(c)(i) of all}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 outstanding annual returns, or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14180300 accept 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 or more partially completed annual returns, if the Registrar is satisfied that it is not practical for the applicant to fulfil the requirement.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 351\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order restoration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on the application of a person spe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 cified in subsection (2), order }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 restoration to the register of a company that has been removed from the Cook Islands register under section 338 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2844287 if the Court is satisfied that, -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2844287 (a) at the time of removal, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company was still carrying on business or there was other }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid13258203 reason}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  for it to continue in existence; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid13258203 company was a party to a legal proceeding; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380\charrsid13258203 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid13258203 the company was in receivership or liquidation; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380\charrsid13258203 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid13258203 the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 applicant was a creditor, shareholder, entitled person, or other person having an undischarged claim against the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (v) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid13258203 the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 applicant believed that there existed, and intended to pursue, a right of action on the part of the company under Part 8; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) for any other reason it is just and equitable to restore the company to the register.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2844287 the following persons may apply -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Registrar:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person specified in section 350(3):
\par {\listtext\tab}(c) any other person who has the leave of the Court to apply.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may make restoration conditional on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  compliance with any provisions }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of this Act or of regulations made under this Act if the company had failed to comply with those provisions before it was removed from the register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may give any directions or make any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  order that may be necessary or }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 desirable for the purpose of restoration to the register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 352\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restoration to register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is restored to the Cook Islands regist}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 er when the Registrar registers }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 a notice stating that the company is restored to the Cook Islands register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that is restored to the register is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  treated as having continued in }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 existence as if it has not been removed from the register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 353\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Property re-vests in company on restoration to register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Property of a company that has vested in the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237  Crown under section 344(1) re-}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 vests in the company on its restoration to the register as if the company had not been removed from the register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237 ubsection (1) does not apply to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
property for which the Court has ordered the Crown to pay compensation under section 354(1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 land or any estate or interest in land that
 has vested in the Crown under section 354(1) if transmission of the land or estate or interest in land to the Crown has been registered under any enactment relating to the registration of an estate or interest in land.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 354\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may order re-transfer of land or compensation on restoration of company to register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a company that has be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 en restored to the Cook Islands }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 register, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237 the Court may make an order for -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the re-transfer to the company of property referred to in section 353(2)(b); or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 payment of compensation by the Crown to the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compensation by the Crown under subs}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237 ection (1)(b) must be an amount -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
that does not exceed the value of the property as at the date of registration of the transmission to the Crown; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the property has been sold or contracted to be sold, that is equal to the proceeds of the sale
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15934380 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application under this section, the Court may decide any issue of the value}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of the property.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Compensation by the Crown under subsection (1)(b) must be paid out of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Consolidated Fund without further authorisation than this section.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 17
\par Overseas companies
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid14484237 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid14484237 Preliminary
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 355\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of carrying on business
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Part, a reference to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 an overseas company carrying on }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 business in the Cook Islands includes a re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237 ference to the overseas company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
subject to subsection (3), establishing or using a share transfer office or a share registration office in the Cook Islands; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 administering, managing, or 
dealing with property in the Cook Islands as an agent, or personal representative, or trustee, and whether through its employees or an agent or in any other manner.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15934380 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Part, an overseas company does not carry on business}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15934380  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in the Cook Islands merely}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14484237  because in the Cook Islands it -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
is or becomes a party to a legal proceeding or settles a legal proceeding or a claim or dispute; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 holds meetings of its directors or shareholders or carries on other activities concerning its internal affairs; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 maintains a bank account; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 effects a sale of property through an independent contractor; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 solicits or procures an order that becomes a binding contract only if the order is accepted outside the Cook Islands; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (f)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  creates evidence of a debt or creates a charge over property or gives a security interest in property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 secures or collects any of its debtor or enforces its rights in relation to securities relating to those debts; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
conducts an isolated transaction that is completed with a period of 30 working days, not being one of a number of similar transactions repeated from time to time; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 invests in funds or holds property.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company does not carry on business in the Cook Islands by reason}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 only of transactions effected through an offshore register that is authorised, required, or established by or for the purposes of an offshore Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 356\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Name of overseas company must comply with section 11
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An overseas company must not carry on business in the Cook Islands unless its name could be registered under section 11 if it were incorporated under this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An over
seas company that changes its name must file with the Registrar for registration a notice in the prescribed form of the change of name within 10 working days of the change of name.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On receiving the notice, the Registrar must register the change of name on the Cook Islands register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An overseas company that contravenes this section commits an offence and is liable on conviction to a fine not exceeding a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 357\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Use of name by overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company that carries on business in the Cook Islands must ensure that its full name, and the name of the country where it was inco}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016 
rporated, are clearly stated in -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 written communications sent by or on behalf of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 documents issued or signed by or on behalf of the company that evidence or create a legal obligation of the company.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid15284016 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15284016 Registration
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 358\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Overseas company must register under this Act
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company that, on or after the commencement of this Act, commences to carry on business in
 the Cook Islands, must apply for registration under this Part in accordance with section 360 within 20 working days of commencing to carry on business.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 359\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Validity of transactions not affected
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A contravention by an overseas company of section 356 or 358 does not affect the validity or enforceability of any transaction entered into by the overseas company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 360\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Application for registration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application by an overseas company for re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016 gistration under this Part must -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be filed with the Registrar; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain the prescribed information; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be signed by or on behalf of the overseas company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 be accompanied by the prescribed fee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The appl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016 ication must also have attached -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 vidence of the company's overseas incorporation; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the evidence of its overseas incorporation is not in English, a certified translation of it; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 evidence of the company's compliance with Part V of the Development Investment Act 1995-96.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must, on receiving a pro}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 perly completed application for }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 registration of an overseas company, without delay register the company on the Cook Islands register.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid15284016 Subpart 3 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15284016 Administration of overseas company
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 361\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Annual return by overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Each year in its allocated month, an overseas c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 ompany that carries on business }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in the Cook Islands must file with the Registrar for registration an annual return that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
confirms that the information on the Cook islands register in respect of the company is correct at the date of the return; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is signed by or on behalf of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is accompanied by the prescribed annual return fee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The return must be dated as at a date within the allocated month.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite subsection (1), an overseas company need not file an annual return in the calendar year of its registration under this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11759180 allocated month}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the month allocated to the company under section 362.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 362\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Allocated month
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On registration or re-registration of an overseas company, the Registrar must allocate a month to the company for filing its annual return.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may, by written notice to the overseas company, alter its allocated month.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 363\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar must remove overseas company for failure to make annual return after 6 months
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9272365 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If an ove
rseas company fails to comply with section 361, and 6 months have elapsed without the company filing a late return that otherwise complies, the Registrar must remove the company from the Cook Islands register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, on the application of a director 
or shareholder that complies with subsection (3), the Registrar must restore to the register a company that has been removed under subsection (1).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016 The application must be -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar within 2 years after removal; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15284016 accompanied by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13258203 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all outstanding annual returns and associated filing fees; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a late }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid13258203 filing}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  fee for each outstanding annual return.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 364\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of change of directors, etc, of overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company must ensure that the foll}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 owing notices in the prescribed }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 form are filed with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12146787  the Registrar for registration -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
notice of a change in the directors of the company, whether as the result of a director ceasing to hold office or the appointment of a new director, or both:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of a change in the name of a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9272365 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of a change in the residential address or postal address of a director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9272365 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12146787 otice under subsection (1) must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 specify the date of the change; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
include the full name, residential address, and postal address of every person who is a director of the company from the date of the notice (including continuing directors); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) be filed with the Registr}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12146787 ar within 20 working days after -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid7683066 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 (i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the ch
ange occurring, in the case of the appointment or resignation of a director; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 (ii}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company first becoming aware of the change, in the case of the death of a director or a change in the name or residential address or postal address of a director.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If an overseas company fai}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 ls to comply with this section, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 (a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company must pay a late filing fee to the Registrar; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 365\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Overseas company ceasing to carry on business in Cook Islands
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An overseas company registered under this Part th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 at intends to cease to carry on }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 bu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 siness in the Cook Islands must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give public notice of that intention; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 file with the Registr
ar a notice in the prescribed form stating the date on which it will cease to carry on business in the Cook Islands.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must remove an overseas company from the Cook Islands register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7683066 as soon as practicable after -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the date specified in the notice given under subsection (1)(b); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
receipt of a written notice given by a liquidator that the liquidation of the assets in the Cook Islands of the overseas company has been completed.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 366\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Attorneys of overseas companies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Sections 134 to 139 of the Property Law Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939  1952 (New Zealand) in force in }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the Cook Islands by virtue of the Property Law Act 1952 apply, with the necessary modifications, to a power of attorney executed by an overseas company registered under this Part to the same extent 
as if the company were a person and as if the commencement of the liquidation of the company was an event revoking the power of attorney within the meaning of those sections.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A declaration endorsed on or annexed to a document (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11759180 document}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 app
ointing, or appearing to appoint, an attorney of an overseas company, made or appearing to be made in the country concerned by 1 of the directors before an authorised person, to the effect of the matters set out in paragraphs (a) to (d) is conclusive evid
ence of those matters}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) that the company is incorporated under the name stated in the document; and
\par {\listtext\tab}(b) that the company is incorporated under that name in accordance with the law of the country in which it is incorporated (the name of country must be stated in the declaration); and
\par {\listtext\tab}(c) that the document has been executed, and conferral of the powers conferred on the attorney by the document is authorised by,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the constitution of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Act or instrument under which the company is incorporated; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other instrument constituting or defining the constitution of the company; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) that the person making the declaration is a director of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subsection (2), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2568939 authorised person}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means a person authorised to take a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 declaration outside the Cook Islands for use in the Cook Islands.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 367\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exemption from requirements of this Part
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Regulations may be made exempting any class or classes of overseas company from any or all of the requirements of this Part, or modifying 
the application of this Part to those overseas companies on the terms and conditions prescribed by those regulations.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 18
\par Registrar of Companies
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid7683066 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7683066 Registrar
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 368\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 There must be a Registrar of Companies appointed under the Public Service Act 1995-96.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 369\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Deputy Registrars
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7683066 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 There must be as many Deputy Registrars o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 f Companies appointed under the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Public Service Act 1995-96 as may be necessary for the purposes of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the control of the Registrar, a Deputy }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 Registrar has and may exercise }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the powers, duties, and functions of the Registrar under this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7683066 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The fact that a Deputy Registrar exercises those }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 powers, duties, or functions is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 conclusive evidence of his or her authority to do so.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 370\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 First appointment of Registrar under this Act
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The person holding office as Registrar of Companies under the Companies Act 1970-71 immediately before the commencement of this Act continues in office and is the first person appointed under section 368.

\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid8722129 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7683066 Cook Islands register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 371\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2568939 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must ensure that a register of compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 nies (the register) is kept and }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 maintained.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The register may be kept in the manner that the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 Registrar thinks fit including, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 either wholly or in part, by means of a digital register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 372\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registration of documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On receiving a document for registration under this Act, t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 he Registrar must without delay -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 register the document in the register (unless the Registrar rejects the document unde
r section 374); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a document that is not an annual return, in writing notify the registration to the person from whom the document was received.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 373\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When document registered
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Act, a document is registered when}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8722129 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the document itself becomes part of the register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the document or details of the document including the time and date of registration are recorded or stored in the digital register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 374\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When Registrar may reject document for registration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may ref}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 use to register a document that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not in the prescribed form }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 (}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if any); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not comply with this Act or regulations made under this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not printed or typewritten; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the register is a digital register, is in a format that does not enable it be registered; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has not been fully and properly completed; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contains material that is not clearly legible; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2568939 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not accompanied by the prescribed fee.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2568939 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If subsection (1) applies,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129  the Registrar may require that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the document is submitted for registration again, appropriately amended or completed, or accompanied by the prescribed fee; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a fresh document is submitted in its place.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 375\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 No presumption of validity or invalidity
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The registration or refusal of registration of a document by the Registrar does not affect, or create a presumption as to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 , -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the validity or invalidity of the document; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the correctness or otherwise of the information contained in the document.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 376\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Inspection of register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may, on payment of the p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 rescribed fee (if any), inspect -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a document that is part of the register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a document or details of a document that have been recorded or stored in the digital register.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An inspection made at the office of the Registrar must be made during the hours}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 when the office is open to the public for business on a working day.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 377\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Copies and certified copies of documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person may on payment of the prescribed fee (if any), require t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 he Registrar to give or certify -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8722129 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a certificate of incorporation of a company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of, or extract from, a registered document; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 details of a registered document that have been recorded or stored in the digital register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a copy of, or extract from, a registered document that has been recorded or stored in the digital register.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid8722129 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid8722129  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid8722129 Changes to register
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 378\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Rectification or correction of register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 The Registrar may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 rectify the register if the Registrar is sa
tisfied that any information has been wrongly entered in, or omitted from, the register; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 correct any particulars that appear to the Registrar to have been incorrectly entered in the register.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless the rectification or correction relates so}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 lely to the person who provided }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 it, the Registrar must not rectify or correct the register without first}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
giving notice of the rectification or correction to the company and to persons whom the Registrar considers will be materially affected by it; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 allowing a person to whom notice is given a reasonable opportunity to object.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section does not limit the Registrar's power of amendme}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 nt under section }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 380.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 379\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar may require information from company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may give notice to a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8722129 company requiring it to provide -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
corrected or updated details on any matter entered in the register for that company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a certified copy of any document that has been or ought to have been filed with the Registrar for registration under thi
s Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The company must provide the information or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978  certified copy within the time }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 specified by the Registrar's notice, and that time must not be less than 10 working days after the date on which the Registrar sends the notice.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company that fails to comply with a notice }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 under subsection (1) commits an }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 offence and is liable on conviction to a fine not exceeding $4,000.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this section and in section 380, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid15290786 company}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102  includes an overseas company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 380\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar may amend register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If information provided to the Registrar under section 379 differs from the information shown in the register for the company, the Registrar may amend the register accordingly
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid15290786 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid15290786 Inspection by Registrar
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 381\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registrar may require production of documents and confirmation of information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For a purpose specified in subsection (2), the R}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 egistrar or a person authorised }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15290786 by the Registrar may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
require a person, including a person carrying on the business of banking, to produce for inspection relevant documents within that person's possession or control; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 inspect and take copies of relevant documents; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
take possession of relevant documents and remove them from the place where they are kept, and retain them for a reasonable time, for the purpose of taking copies; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
retain relevant documents for a period that is, in all the circumstances reasonable, if there are reasonable grounds for believing that they are evidence of an offence; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 require a person, in relation to information provided to the Registrar, to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid15290786 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786 (i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
confirm that the information is correct; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786 ii}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 correct the information.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The purposes for which the Registrar or a person authorised by the Registrar}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786 act under subsection (1) are to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ascertain whether a company or a director of a company is complying with this Act; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ascertain whether the Registrar should exercise any of his or her powers under this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 detect offences against this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ascertain whether information provided to the Registrar is correct.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 A person must not obstruct or hinder the Registrar or a person authorised by the Registrar while exercising a power under subsection (2).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 A person who fails to comply with a requirement under subsection (1)
(a) or (e) or contravenes subsection (3) commits an offence and is liable on conviction to a fine not exceeding $4,000.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15290786 In this section, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15290786 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8998978\charrsid8998978 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102  includes an overseas company
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8998978\charrsid8998978 relevant document}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 , in relation to a company, means a document that c}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15290786 ontains information relating to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid15290786 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 money or other property that is, or has been, managed, supervised, controlled, or held in trust by or for the company}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3178092 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 382\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Disclosure of information and reports
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8998978 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar may require a person authorise}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 d under section 381 to give any }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 document or information obtained, or report prepared, by that per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3178092 son in acting under section 381 -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as required by the Registrar or a Deputy Registrar, to the Registrar or a De
puty Registrar; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as required by the Registrar, to the persons specified in subsection (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8998978 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 As required by the Registrar, the person aut}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 horised must give the document, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3178092 information, or report to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the Minister or the Solicitor-General; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8998978 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any person authorised to receive it for the purposes of, or in connection with, the exercise of a power under this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidator for the purposes of the liquidation of the company; or
\par {\listtext\tab}(d) any person authorised by the Registrar to receive the document, information, or report for the purposes of detecting offences against any Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16325997 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who fails to comply with this section commits an offence and is liable}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 on conviction to a fine not exceeding $4,000
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 383\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restrictions on disclosing information
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16325997 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person authorised under section 381 mu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 st not disclose any document or }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 information obtained, or report prepared, by that person in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3178092 acting under section 381 except -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as required under section 382; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to the extent that the informa
tion, or information contained in the document or report, is available under any Act or in a public document;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997  o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 r
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the course of criminal proceedings; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subje}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3178092 ct to the Registrar's approval, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with the consent of the person to whom the docu
ment, information, or report relates; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for the purposes of, or in connection with, the exercise of powers under this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to a liquidator for the purposes of the liquidation of a company or the assets of an overseas company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for the purposes of detecting offences against any Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16325997 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes this section commits an offence and is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $4,000.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 384\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Report admissible in liquidation proceedings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any other enactment or rul
e of law, a report prepared by a person in relation to an inspection carried out by him or her under section 381 is admissible in evidence in an application to the Court to appoint a liquidator.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b0\insrsid3178092 Subpart 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid10819251\charrsid3178092 Appeals
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 385\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Appeals from Registrar's decisions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16325997 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who is aggrieved by an act or decision }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 of the Registrar under this Act }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 may apply to the Court within 15 working days after notification of the act or decision, or within any further time that the Court may allow.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3178092 (2) The Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 approve the Registrar's act or decision; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give any direction that the Court thinks fit; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make any determination in the matter that the Court thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 386\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exercise of inspection power not affected by appeal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite any other enactment or rule of law, on an appeal or application to the Court in relation to the exercise of a power under section 381, and until the appea}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3178092 l or application is determined, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3178092 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the Registrar or authorised person may continue to exercise the powers under that section as if no appeal or application had been made; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the appeal or application does not excuse any person from fulfilling an obligation under that section
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 387\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Destruction of documents on successful appeal against inspection power
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16325997 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies if an appeal or applicatio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 n in relation to an act done or }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 decision taken in the exercise of a power under section 381 is allowed or granted.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must ensure that, without delay afte}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 r the Court gives its decision, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any copy of a document taken or retained by the Registrar or authorised person in the exercise of the power is destroyed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any information acquired under the exercise of t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16325997 he power is inadmissible in any }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 proceeding unless the court hearing the proceeding is satisfied that it was not unfairly obtained.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16325997 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid4280072 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid4280072 Notices by Registrar
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 388\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notices generally
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid13964636 Clause 8}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 (Additional provisions relating to service) of Schedule 15 applies, with the necessary modifications, to the giving of notices by the Registrar.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 389\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice to individuals
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4280072 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Notice that under this Act the Registrar mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 t give to an individual must be }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 gi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4280072 ven -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in writing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in a manner that the Registrar considers appropriate in the circumstances.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4280072 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsection (1), the Registrar may give a notice to an individual}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4280072 by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 having it delivered to that person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 posting it to that person at his or her last known postal address; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sending it by email to an electronic address used by that person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 having it published in a newspaper or other publication in circulation where that person lives or is believed to live.

\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 390\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Admissibility of copy of Registrar's notice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document derived from a device or facility that records or stores information electronically or otherwise is admissible in a proceeding as a copy of a n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4280072 
otice given by the Registrar if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it appears to be a copy of the notice; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is certified by
 the Registrar, or a person authorised by the Registrar, as having been derived from a such a device or facility.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4280072 Part 19
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Offences
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid4280072 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid4280072 Dishonesty offences
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 391\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 False statements in documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person commits an offence who, with respe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 ct to a document required by or }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4280072 for the purposes of this Act, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
makes, or authorises the making of, a statement in it that is false or misleading in a material particular knowing it to be false or misleading; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 omits, or authorizes the omission from it, of 
any matter knowing that the omission makes the document false or misleading in a material particular.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director or employee of a company commits an offence who, knowing the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 statement or report to be false and misleading, makes or provides, or authoris
es the making or providing of, a statement or report that relates to the affairs of the company and that is false or misleading in a material part}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4280072 icular, to any of the following -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director, employee, auditor, shareholder, creditor, debenture holder,
 or trustee for debenture holders of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a liquidator, liquidation committee, or receiver of property of the company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company is a subsidiary, a director, employee, or auditor of its holding company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under sub}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 section (1) or (2) is liable on }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this section, a person who v}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 oted in favour of the making of }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a statement at a meeting is taken to have authorised the making of the statement.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 392\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Fraudulent use or destruction of company property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director, employee, or shareholder of a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  company commits an offence who -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) fraudulently takes or applies property of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for that person's own use or benefit; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for a use or purpose that is not a use or purpose of the company; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) fraudulently conceals or destroys property of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) is liable on conviction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 393\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Falsification of records
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13964636 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director, employee, or shareholder of a company commits an of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636 fence who, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 with intent to defraud or deceive}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  a person, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(a) destroys, parts with, mutilates, alters, or falsifies, or is a party to the destruction, mutilation, alteration, or falsification of, any register, accounting records, book, paper, or other document belonging or relating to the company; or
\par {\listtext\tab}(b) makes, or is a party to the making of, a false entry in any register, accounting records, book, paper, or other document belonging or relating to the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13964636 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person commits an offence who, in relation to a mechanical, electronic, or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13964636  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 other device used in connection with the keeping or preparation of any register, accounting or other records, index, book, paper, or other document for the pur}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370 
poses of a company or this Act, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 records or stores in the device, or makes available to a person from t
he device, matter that he or she knows to be false or misleading in a material particular; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
with intent to falsify or render misleading any such register, accounting or other records, index, book, paper, or other document, destroys, removes, or fals
ifies any matter recorded or stored in the device, or fails or omits to record or store any matter in the device.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2586381 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) or (2) is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 394\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Carrying on business fraudulently
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2586381 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person commits an offence who is knowingl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 y a party to a company carrying }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3944370 on business -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with intent to defraud creditors of the company or any other person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for a fraudulent purpose.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2586381 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  company commits an offence who -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by false pretences or other fraud induces a person to give credit to the company; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 with intent to defraud creditors of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 gives, transfers, or causes a
 charge or security interest to be given on or in property of the company to any person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 causes property to be given or transferred to any person; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 causes or is party to execution being levied against property of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2586381 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) or (2) is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 395\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Causing material loss to creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2586381 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of a company commits an offence
 who, with intent to defraud a creditor or creditors of the company, does any thing that causes material loss to any creditor of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2586381 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) is liable on conviction to a fine not exceeding a fine no
t exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 396\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dishonestly incurring debt
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2586381 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3944370 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370 a company commits an offence if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the company incurs a debt (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13778727 debt}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 ); and
\par {\listtext\tab}(b) the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is insolvent at the time that it incurs the debt; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 becomes insolvent by incurring the debt; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is insolvent at the time that it incurs debts that include the debt; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 becomes insolvent by incurring debts that include the debt; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 )
 the director knows, at the time when the director incurs the debt, that the company is insolvent or will become insolvent as a result of incurring the debt or other debts that include the debt; and
\par {\listtext\tab}(d) the director's failure to prevent the company incurring the debt is dishonest.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13778727 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subsection (2), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13778727 insolvent}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means that the company is unable to pay its due debts.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) is liable on conviction to a fine not exceeding $100,000 or to imprisonment for a te
rm not exceeding 7 years, or both.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid3944370 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3944370 Offence in relation to offer of securities to public
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 397\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Misleading or deceptive conduct in relation to offer of securities to public
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13778727 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person mus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370 t not engage in conduct that is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) reckless conduct in relation to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any advertisement; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the offer of debt or equity securities generally; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any dealing (including trading) in debt or equity securities; and
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) misleading or deceptive or likely to mislead or deceive.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13778727 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes this section commits an offence and is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 5 years, or both.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who suffers loss as a result of contrave}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 ntion of this section may claim }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 damages }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370 or other relief or both against -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the issuer of the debt or equity security; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the issuer is a company, the directors of the company at the time of contravention.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3944370 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director of an issuer who is liable under subsection (3)(b) is jointly and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 severally liable with the issuer and the other liable directors.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 398\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Definiti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727 ons for purposes of section 397
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13778727 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 F}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370 or the purposes of section 397, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13778727 advertisement}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3944370  means a form of communication -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) that\_
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid3944370 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (i) contains or refers to an offer of debt or equity securities to the public;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13778727  o}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 r
\par {\listtext\tab}(ii) is reasonably likely to induce persons to subscribe for the debt or equity securities of an issuer, being securities to which the communication relates and that have been, or are to be, offered to the public; and
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3362233 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
that is authorised or instigated by or on behalf of the issuer of the debt or equity securities or prepared with the co-operation of, or by arrangement with, the issuer of the securities; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that has been, or is to be, distributed to a person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 allot }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
includes, but is not limited to, sell, issue, assign, and convey; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 allotment }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has a corresponding meaning
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 broadcasting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means any transmission of programmes, whether or not encrypted, by radio waves or ot
her means of telecommunication for reception by the public by means of broadcasting received apparatus, but does not include any such }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3362233 transmission of programmes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 made on the demand of a particular person for reception only by that person; or

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 made solely for performance or display in public
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3362233 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3362233 debt security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3362233  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3362233 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(a) means any interest in or right to be paid money that is, or is to be deposited with, lent to, or otherwise owing by, any person (whether or not the interest or right is secured by a security interest in any property); and
\par {\listtext\tab}(b) includes}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9574030  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid9574030 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a debenture, debenture stock, bond, note, certificate of deposit, and convertible note; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an interest or right that is declared by regulations made under this Act to be a debt security for the 
purposes of this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a renewal or variation of the terms or conditions of any interest or right of a security referred to in subparagraph (i) or (ii); but
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9574030 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) does not include any interest or right or a security referred to in paragraph (b)(i)
 or (iii) that is declared by regulations made under this Act not to be a debt security for the purposes of this Act
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 distribute }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid7555002 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9574030 ncludes -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9574030 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make available, publish, and circulate; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
communicate by letter, email, newspaper, broadcasting, sound recording, television, cinematographic film, video, Internet site, or any form of electronic or other means of communication
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 equity security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7555002  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid7555002 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 means any interest in, or a right to share in, the share capital of a company; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 includes}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7555002  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid7555002 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a preference share, and company stock; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a security that is declared by regulations made under this Act to be an equity security for the purposes of this Act; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4996618 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a renewal or variati
on of the terms or conditions of any interest or right or a security referred to in subparagraph (i) or (ii); but
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid7555002 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(c) does not include any interest or right or a security referred to in paragraph (b)(i) or (iii) that is declared by regulations made under this Act not to be an equity security for the purposes of this Act
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 issuer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
, in relation to a debt security or an equity security, means the person on whose behalf any money paid in consideration of the allotment of the security is received
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 offer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  includes an invitation, and any proposal or invitation to make an offer, and }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid10819251\charrsid4996618 to offer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has a corresponding meaning
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 subscribe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 includes purchase or contribute to, whether by way of cash or otherwise, and subscription has a corresponding meaning
\par {\listtext\tab}s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4996618 ubscriber}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , in relation to an offer of securities, means a person who subscribed for the securities.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9770716 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid7555002 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid7555002  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid9770716\charrsid7555002 Liquidation offences
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 399\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Conduct hindering liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9770716 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9770716 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a company is in liquidation, or an application has been made to the Cou}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716 rt for }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the appointment of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10493935 a liquidator, a person must not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) leave the Cook Islands with the intention of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10493935  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 avoiding payment of money due to the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 avoiding questioning in relation to the affairs of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 avoiding compliance with an order of the 
Court or some other obligation under this Part in relation to the affairs of the company; or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(b) conceal or remove property of the company with the intention of preventing or delaying the liquidator from taking custody or control of it;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716  o}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 r
\par {\listtext\tab}(c) destroy, conceal, or remove company records or documents.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9770716 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9770716 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who contravenes subsection (1) commits an offence and is liable on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9770716  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years, or both.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 400\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 False or misleading claim in liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2521789 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8148773 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10493935 A person commits an offence who -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2521789 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2521789 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid2521789 makes,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 or authorises the making of, a claim under Schedule 9 (Creditors' claims) that is false or misleading in a material particular knowing it to be false or misleading; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
omits, or authorises the omission, from a claim under Schedule 9 of any matter knowing that the omission makes the claim false or misleading in a material particular.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8148773 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person who commits an offence under subsection (1) is liable on conviction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years or both.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10493935 Subpart 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10493935 Procedure
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 401\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Proceedings for offences
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8148773 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite anything to the contrary in any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773  enactment relating to criminal }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 procedure, any information for an offence under this Act may laid at any time within 3 years after the date of the offence.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this Act affects the liability of any }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 person under any other Act, but }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 no person may be convicted of an offence against this Act and any other Act in respect of the same conduct.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 20
\par Miscellaneous
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10493935 Subpart 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid10493935 Service and communication of documents
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 402\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of documents
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document for service on any of the following may be served in accordance with the methods set out in Schedule 15}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3286755  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an overseas company:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a shareholder or creditor.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 403\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Company communication with shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any communication by a company with a shareholder that is required by this Act (for example, the sending or giving of reports, statements, information, or other notices}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3286755 ) may be made electronically if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3286755 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the shareholder has provided the company with the shareholder's electronic address; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shareholder has requested that communications by the company be made electronically.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid3286755 Subpart 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3286755 Privileged communications
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 404\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Privileged communications
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8148773 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this Act requires a legal adviser to di}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 sclose a communication or other }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 document that is protected by legal professional privilege.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on the application of any perso}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 n, determine whether a claim of }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 privilege is valid and may, for that purpose, require the communication or document to be produced.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3286755 Subpart 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid3286755  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid3286755 Regulations
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 405\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Regulations
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8148773 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8148773 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Queen's Representative may, by Order in Co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 uncil, make regulations to give }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 effect to the provisions of this Act and in particular for all or any of the following purposes}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3286755  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) amending this Act by prescribing any amendment to, or modification or substitution of, a default constitution set out in Schedu
le 2, 3, or 4:
\par {\listtext\tab}(b) prescribing forms (including Court forms in respect of any Court proceedings under this Act); and those regulations may require}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the inclusion in, or attachment to, forms of specified information or documents; and

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 forms to be signed by specified persons:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) prescribing the information that must be provided for the proper completion of a prescribed form:
\par {\listtext\tab}(d) prescribing requirements with which documents delivered for registration must comply:
\par {\listtext\tab}(e) prescribing when a fee, penalty, or other sum is payable under this Act:
\par {\listtext\tab}(f) prescribing the amount of any fee, penalty, or other sum payable under this Act:
\par {\listtext\tab}(g) prescribing the circumstances in which the Registrar may waive, or exempt a person or class of persons from liability to pay, a fee, penalty, or other sum payable under this Act, whether in whole or in part:
\par {\listtext\tab}(h) prescribing requirements, in relation to the form or content of financial statements, or any other matters in respect of financial statements,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141  including (without limitation) -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (i) prescribing different requirements in respect of different classes of company; and
\par {\listtext\tab}(ii) requiring compliance with standards issued or published by a specified body or bodies, with or without modification:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (i) regulating the financial reporting of a company, overseas company, or class of companies of overseas companies,}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2840141  including (without limitation) -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prescribing requirements in respect of the adoption by directors of a balance date for a company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 regulating changes to the balance date of a company:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8148773 (j) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
exempting a class or classes of overseas companies from the requirements of Part 17, or modifying the application of Part 17 to those overseas companies:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (k) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 declaring that a right, interest, or securit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 y, for the purposes of this Act -}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is a debt security or an equity security; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not a debt security or an equity security:
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (l) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prescribing the minimum amount of a debt for the purposes of a statutory demand (}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \i\insrsid10819251\charrsid2840141 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 208):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (m) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prescribing
 a minimum sum under section 225(2) for the purpose of setting a threshold for dispensing with a liquidator's report:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (n) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fixing the amount or rates of remuneration of a liquidator appointed by the Court (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid2840141 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 248(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (o) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fixing the maximum amount for which a debt subject to a lien is a preferential debt (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\i\insrsid10819251\charrsid2840141 see}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  section 264(2)):
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (p) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 fixing the maximum priority sum under clause 20(2) of Schedule 9:
\par {\listtext\tab}(q) providing for any other matters contemplated by this Act, necessary for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it
s full administration, or necessary for giving it full effect.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5243221 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5243221 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting subsection (1)(c), a provision of this Act requiring or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 contemplating prescribed information for the purposes of completing a prescribed form is satisfied if the informatio
n necessary for the proper completion of the form appears from the face of the form or from the content of the form.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 406\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Regulations providing for transitional matters, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5243221 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Queen's Representative may, by Ord}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 er in Council, make regulations -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provid
ing transitional, savings, and consequential provisions relating to the coming into force of this Act, which may be in addition to, or in place of, or which may amend, any transitional, savings, and consequential provisions in this Part:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 providing pro
visions relating to the re-registration of companies, which may be in addition to, or in place of, or which may amend, the re-registration provisions in this Part:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to facilitate the bringing into force of any regulations under this Act:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 providing
 that subject to such conditions as are specified in the regulations, during a specified transitional period, specified provisions of this Act (including definitions) do not apply:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 providing for any other matters necessary for facilitating or ensuring
 an orderly transition from any enactments replaced by this Act to the provisions of this Act.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5243221 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid2840141 Subpart 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid2840141  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid2840141 Re-registration
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 407\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Application for re-registration of existing company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5243221 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An existing company may apply for re-registration under this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243221 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application for re-registration must be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 signed by the person completing the application; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed with the Registrar within 1 year after the commencement of this Act; and
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7567176 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7567176 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application must specify, in respect of the company once re-registered,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of the company, which must comply with section 11; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether the constitution of the company differs from the appropriate default constitution; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether the constitution with whic}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 h the company proposes to be re-}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 registered adversely affects existing shareholder rights and obligations; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the full name, residential address, and postal address of each director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that each person named as a director of the company has consented to act as a director of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the full name of every shareholder of the company, and the number of shares held by each shareholder; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the registered office of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the postal address of the company, which may be the registered office or any other postal address; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7567176 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other prescribed information.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application for re-registration must be accompanied b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 y -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the prescribed fee; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a copy of the constitution to the extent that the company elects not to use the appropriate default constitution or to modify it.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the constitution with which the company proposes to be re-registered adversely affects shareholder rights and obligatio
ns, the application must be accompanied by the written consent of each shareholder to re-registration.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 408\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Failure to apply for re-registration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An existing company that has not applied for re-registration in accordance with section 407 is a nullity.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For the purposes of subsection (1), subparts 3 and 4 (but not subpart 5) of Part 16 apply as if the former company were a company that had been removed from the Cook Islands register under subpart 2 of Part 16.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of a director, shareholder, or creditor of an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 
existing company, the Court may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2840141 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
direct the Registrar to make an application for re-registration on behalf of the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make any other orders necessary to effect the re-registration of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 409\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Application for re-registration of existing overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An existing overseas company may apply for re-registration under this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application for re-registration of an ex}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2840141 isting overseas company must be -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 filed by the Registrar within 1 year after the commencement of this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The registration under the 1970-1971 Act of exi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 sting overseas company that has }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 not applied for re-registration in accordance with subsection (2) is a nullity.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 410\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Re-registration
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar must, without delay on receiving an application for re-registration}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3546200  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of an existing company or existing overseas company that complies with section }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3546200 407 or 409, as the case may be, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 enter the company on the Cook Islands register; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 issue to the company a certificate in the prescribed form of its re-registration.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A certificate of re-registration issued und}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 er subsection (1) is conclusive }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3546200 evidence that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) all the requirements for re-registration have been complied with; and
\par {\listtext\tab}(b) on and from the date of re-registration stated in the certificate, the company is a company or overseas company registered under this Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The re-registration of an existing company or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 existing overseas company under }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3546200 this section does not -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 create a new legal entity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 affect the shares or share capital of the company except as provided by this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 affect the property, rights, or obligations of the company except as provided by this Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 affect proceedings by or against the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A company is not required to make an annual return under this Act in the year}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in which it is re-registered.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 411\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of existing company, etc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3546200 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3546200 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this subpart, \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3546200 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3546200 existing comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1857224 any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3546200  -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 means a company registered under
 the 1970-1971 Act that, immediately before the commencement of this Act, was entered in the register of companies maintained under the 1970-1971 Act; but
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not include a company that is in liquidation
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9053996 existing overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means an overseas company registered under the 1970-71 Act that, immediately before the commencement of this Act, was}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
entered in the register of companies maintained under the 1970-1971 Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9053996 existing shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9053996 rights and obligations}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the rights and obligations of the existing s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1857224 hareholders in relation to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 voting at meetings of shareholders:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the appointment and removal of directors:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 preferential or fixed entitlements to dividends:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the distribution of surplus assets of the company.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1857224 Subpart 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid1857224  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1857224 Transitional provisions
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 412\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidation or other proceeding that is incomplete on commencement of this Act
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9053996 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This section applies to an amalgamation, comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 romise, liquidation, or company }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 receivership of or by a company (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11759180 proceeding}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) that i
s incomplete on the commencement of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The balance of the proceeding must be conducte}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 d in accordance with the law in }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 force immediately after the commencement of this Act with all necessary modifications.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If necessary, the Court on the applicatio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9053996 n of the company, a creditor, a l}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 iquidator, or a receiver may give directions as the Court thinks fit for the conduct of the proceeding.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9053996 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1857224 Subpart 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1857224 Repeal and revocation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 413\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Companies Act 1970-71 repealed
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657896 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13657896 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The 1970-71 Act is repealed 1 year after the commencement of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 There must be no company incorporated }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 under the 1970-71 Act after the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 commencement of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Companies Amendment Act 2013 is repealed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any regulations made under the 1970-71 Act a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 re revoked except to the extent }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 that they affect Part IV of the Companies Act 1955 of New Zealand as applied by the 1970-71 Act to the Cook Islands and for so long as Part IV continues in force.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657896 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1857224 Subpart 7 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1857224 Amendments to other enactments
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 414\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other enactments: consequential am}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 endments and references updated
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657896 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 16 effects the consequential amendment of other enactments and the updating of references in other enactments to legislation repealed by this Act.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657896 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \i0\insrsid1857224 Subpart 8 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i0\insrsid10819251\charrsid1857224 Company charges
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 415\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls10\adjustright\rin0\lin879\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Part IV Companies Act 1955 of New Zealand continues to apply
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13657896 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Despite the repeal of the 1970-71 Act, Part IV of the Companies Act 1955 of New Zealand as applied with modifications to the Cook Islands by the 1970-71 Act continues to apply with all necessary modifications as if the 1970-71 Act had not been repealed.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This subpart is repealed on the coming into}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13657896  force of the Personal Property }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Securities Act 2017 or equivalent legislation providing for the registration of personal property securities.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid465816 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816 s4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816\charrsid4487102 
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13657896 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 1
\par }\pard \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2040215 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Interpretation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid1857224\charrsid1857224 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1857224 Interpretation
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5123969 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1857224 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
In this Act, unless the context otherwise requires,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1857224  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 1970-71 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the Companies Act 1970-71, No 23 }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid1857224 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1857224 accounting period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1857224 in relation to a company, means -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period from the date on 1 balance date to the clo
se of the following balance date; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a company's first accounting period, the period from the date of incorporation to the close of the first balance date
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1857224 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 annual meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means a meeting required to be held by section 68

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 balance date}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , 
in relation to a company, means the close of 31 March or of any other date that the directors of the company adopt as the company's balance date in accordance with any regulations made under this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 board}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 board of directors}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11079859 in relation to a company, means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid11079859 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
directors of the company who constitute the required quorum acting together as a board of directors; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the company has only 1 director, that director
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11079859 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 category A records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the company records}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5123969  specified in section 144(1)(a)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 category B records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 
 specified in section 144(1)(b)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 category C records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 
 specified in section 144(1)(c)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means a company registered or re-registered u}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 
nder this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 company records}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the records that must be kept under section 144(1)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 Cook Islands mental health legislation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means Part XXI of the Cook Islands Act 1915 read with the Ministry of Health (Mental Health) Regulations 2013
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 Cook Islands register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 register}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the register of companies kept by the Registrar under section 371
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5123969 Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid5123969 means}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  the High Cou}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11079859 rt of the Cook Islands 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11079859\charrsid11079859 creditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11079859  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in Part 13, means a person who, in a liquidation would be entitled to claim that a debt is owing to that person by the company, and includes a secured creditor:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5123969 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in Part 14, means a person who, in a liquidation, would be entitled to claim in accordance with clause 1 of Schedule 9 that a debt is owing to that person by the company, and includes a secured creditor only}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15811120 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2835\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2835\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4862224 for the purposes of sections 204, 208, or 236; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4862224 to the extent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 of the amount of any debt owing to the secured creditor in respect of which the secured creditor claims under section Part 3 of Schedule 9 as an unsecured creditor
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 Crown }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15811120 includes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid15811120 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) every department, instrument, servant and agent of the Crown; and
\par {\listtext\tab}(b) any body corporate or organisation that is wholly owned or controlled by the Crown
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15811120 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 default constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a default constitution set out in Schedule 2, 3, or 4 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15811120 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 digital format}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15811120  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid15811120 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
means a format in which information, a document, or register may be stored, accessed, and displayed by a computer or similar device; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 includes a format specified as a digital format by regulations made under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
includes any format (other than a photocopy document) produced by making a digital copy, image or reproduction of a document that is in hard copy format
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 digital register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  mea}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 
ns a register in digital format
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 73
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 distribution,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 in relation to a distribution by a company to a shareholder, has the meaning set out in section 30
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 document}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means a doc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 ument in any form; and includes -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any writing on any material; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 information recorded or stored by means of a tape recorder, computer, or other device; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a book, graph, or drawing; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a photograph, film, negative, tape, or other device in which 1 or more visual images are embodied so as to be capable (with or without the aid of equipment) of being reproduced
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 electronic}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 includes electrical, digital, magnetic, optical, electromagnetic, biometric, and photonic
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 enforcement country}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a country, State, or territory outside the Cook Islands prescribed for the purposes of section 6(e)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 enforcement process}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  in relation to property, means -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 execution against that property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other enforcement process in relation to that property that involves the Court
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 entitled person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a person upon the constitution confers any of the rights and powers of a shareholder
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 file}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means to file, give, provide, submit, deposit, apply, or otherwise make available
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 financial statements}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , in relation to a co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 
mpany and a balance date, means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a statement of financial position for the company as at the balance date; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(i) a company trading for profit, an income and expenditure statement for the company in relation to the accounting period ending at the balance date; and
\par {\listtext\tab}(ii) a company not trading for profit, an income and expenditure statement for the company in relation to the accounting period ending at the balance date; and
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if required by regulations made under this Act, a statement of cash flows for the company in relation to the accounting period ending on the balance date; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any other financial statements in relation to the company or any group of companies of which it is the holding company as may be required by regulations made under this Act; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4862224 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any notes or documents giving information relating to the statement of financial position and other statements
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 hard copy format}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 has the same meaning as in section 3 of the Digital Registers Act 2011
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 holding company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in clause 2 of this Schedule
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 information}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 includes information (whether or not in its original form) that is in the form of a document, a signature, a seal, data, text, images, sound, or speech
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 interest group}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 64(1)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 liquidation committee}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the committee referred to in section 229
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 liquidator}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the person appointed under section 202(1)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 major transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 61(2)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 Minister}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the Minister responsible for the administration of this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 offshore}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6187788 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  has the same meaning as in section 3 of the Digital Registers Act 2011
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 ordinary resolution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 60(1)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4862224 overseas company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a company that is incorporated outside the Cook Islands, whether or not it is registered under this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 includes a corporation sole, a company or other body corporate (whether incorporated in the Cook Islands or elsewhere), an unincorporated body of person, a public body, and a Government department
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 personal representative}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , in relation to an i
ndividual, means the executor, administrator, or trustee of the estate of the individual
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 photocopy document}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the same meaning as in section 3 of the Digital Registers Act 2011
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 prescribed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means prescribed by regulations made under this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 prescribed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  
form means a form prescribed by regulations or, if no form is prescribed by regulations, a form approved by the Registrar
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 property}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  includes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 real and personal property; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an estate or interest in real or personal property; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a debt; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any thing in action; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other rights, interests, and claims of any kind in relation to property
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 property in receivership}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means property in respect of which a receiver is appointed
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 public notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid3559001  means notice by publication in a newspaper circulating in the Cook Islands
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3559001 receiver}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid3559001  means a receiver, or manager, or a receiver and manager in respect of any property of a company}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  appointed -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by or under a document; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by the Court,
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether or not the person appointed is empowered to sell any of the property in receivership, but does}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid6187788  not include -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) a mortgagee who, whether personally or through an agent, exercises a power}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s31\ql \li2880\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl2\outlinelevel2\adjustright\rin0\lin2880\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to receive income from mortgaged property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to enter into possession or assume control of mortgaged property; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to sell or otherwise }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3559001 alienate mortgaged property; or
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) an agent of any such mortgagee
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 registered office}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the place referred to in section 142(2(a)

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 Registrar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the Registrar of Compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 
ies appointed under section 368
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 regulations}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means regulations made under this Act
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 related company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in clau}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 
se 4 of this Schedule
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3633910\charrsid3633910 relative}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 
n relation to any person, means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) any parent, child, brother, or sister of that person; or
\par {\listtext\tab}(b) any spouse or de facto partner of that person; or
\par {\listtext\tab}(c) any parent, child, brother, or sister of a spouse or de facto partner of that person; or
\par {\listtext\tab}(d) a nominee or trustee for any of those persons
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 security}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means a charge over, or security interest in, property
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means a person whose name is entered on the share register of a company as the holder of 1 or more shares in the company
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means the share register that is required to be kept under section 49
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 signature }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 means -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of a person affixed with his or her own hand on a document; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a document filed with the Registrar via electronic means, the name of a person affixed to the document by a method that the Registrar considers acceptable
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 solvency test}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 means the solvency test defined in clause 5 of this Schedule
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 special resolution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 60(2)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 statutory demand}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in section 208(1)
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 subsidiary}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the meaning set out in clause 4 of this Schedule
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 working day}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  mean}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 s a day of the week that is not -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Saturday and Sunday; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a day that is defined as, or declared to be,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910  a public holiday under any Act

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 writing }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid3633910 includes}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  representing or reprodu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 cing words, figures, or symbols -
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) in a visible and tangible form by any means and in any medium:
\par {\listtext\tab}(b) in a visible form in any medium by electronic means that enables them to be stored in permanent form and be retrieved and read.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3633910 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3633910 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In Part 8, unless the context otherwise requires, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 entitled person}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 former}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3633910\charrsid3633910  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 
shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 , and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 shareholder include}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a personal representative of those persons; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a person to whom shares of any of those persons have passed by operation of law.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6187788 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6187788\charrsid6187788 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid6187788 Meaning of holding company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3633910 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For the purposes of this Act, a company is another company's holding company if that other company is its subsidiary.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (2) In}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  subclause (1), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9965263 company }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 includes a corporation.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6187788 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6187788\charrsid6187788 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid6187788 Meaning of related company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3633910 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For the purposes of this Act, a company is related to another company (and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3633910 related company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6187788 has a corresponding meaning) if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the other company is its holding company or subsidiary; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
more than half the issued shares of the company (other than shares that carry no right to participate beyond a specified amount in a
 distribution of profits or capital) is held by the other company and companies related to that company (whether directly or indirectly, but other than in a fiduciary capacity); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 more than half the issued shares of each of them (other than shares th
at carry no right to participate beyond a specified amount in a distribution of either profits or capital) is held by shareholders of the other (whether directly or indirectly, but other than in a fiduciary capacity); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the businesses of the company 
have been so carried on that the separate business of each company, or a substantial part of it, is not readily identifiable; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 there is another company to which both companies are related.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3633910 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3633910 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subclause (1), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9965263 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  includes a corporation.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9578877 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9578877\charrsid9578877 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid9578877 Meaning of subsidiary
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3633910 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For the purposes of this Act, a company is a sub}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3633910 sidiary of another company only }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9578877 if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) that other company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9578877  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \_

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 controls the composition of the board of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is in position to exercise, or control the exercise
, or more than one-half the maximum number of votes that may be exercised at a meeting of the company; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
holds more than one-half of the issued shares of the company (other than shares that carry no right to participate beyond a specified amount in a distribution of either profits or capital); or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
is entitled to receive more than one-half of every dividend paid on shares issued by the company (other than shares that carry no right to participate beyond a specified amount in a distribution of either profits or capital); or
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the company is a subsidiary of a company that is that other company's subsidiary.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12729665 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12729665 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subclause (1), }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9965263 company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  includes a corporation.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9578877 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9578877\charrsid9578877 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid9578877 Meaning of solvency test
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12729665 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For the purposes of this Act, a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3083400  satisfies the solvency test if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the company is able to pay its debts as they become due in the normal course of business; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the value of the company's assets is not less than the value of its liabilities, including its contingent liabilities.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12729665 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12729665 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person required to consider whether a company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665  satisfies the solvency test in }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3083400 ubclause (1) may have regard to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
financial statement prepared on the basis of accounting practices and principles that are reasonable in the circumstances; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the valuations of assets or liabilities; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 such other information in relation to the financial position of the company as is reasonable in all the circumstances.

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12729665 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12729665 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In determining, for the purposes of this clause, the v}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 alue of a contingent liability, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3083400 account may be taken of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the likelihood of the contingency occurring; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12729665 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any claim the company is entitled to make and can reasonably expect to be met to reduce or extinguish the contingent liability.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard\plain \ltrpar\s39\qr \li0\ri0\sb600\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3083400 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid465816 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5128513  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816 15(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816\charrsid4487102 
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12729665 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 2
\par }\pard \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2040215 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid14760125 Default}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 constitution for compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13647469 y registered with 1 shareholder
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14760125 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5128513  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 General provisions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid14760125\charrsid5128513 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5128513 Constitution supplements provisions of Act
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14760125 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
This constitution supplements certain provisions of the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This is the default }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5128513 constitution for a company that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has 1 shareholder; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise has no constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5128513\charrsid5128513 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5128513 Interpretation
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14760125 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
This constitution must be read in conjunction with, and subject to, the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this constitution, Act means the Companies Act 2017.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5128513 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5128513 
Name of company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14760125 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The name of the company on registration or re-registration under the Act is the name that appears on the application for registration or re-registration, as the case may be.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14760125 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application under section 12 of the Act to change the name of the company m
ust not be made without the prior approval of the shareholder.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5128513 Part 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares and share register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5128513\charrsid5128513 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5128513 Company has single shareholder only
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5128513 The company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has 1 shareholder; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not offer any of its shares or securities to the public.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5128513 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5128513 Number of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
At the time of registration or re-registration under the Act, the company has the number of shares specified in the application for registration or re-registration, as the case may be.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5128513\charrsid5128513 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid5128513 Share register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The company may appoint an agent to maintain the share register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No notice of a trust, whether express or implied, may be entered on the share register.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5128513 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5128513\charrsid5128513 7. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid5128513 Form and location of share register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339 
The share register must be kept -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in written form; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in a form or in a manner that a
llows the contents of the register to be readily accessible so as to be usable for subsequent reference and convertible into written form.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1447426 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The share register must be kept at the company's registered office.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4351339\charrsid4351339 8. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid4351339 Status of registered shareholder
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The c
ompany must treat the registered holder of a share as the only person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339 entitled to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the right to vote attaching to the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive notices; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive a distribution in respect of the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the other rights and powers attaching to the share.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1447426 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the shareholder dies, the shareholder's legal representative is the only person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 recognised by the company as having any title to, or interest in, the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person who becomes entitled to a share as a consequence of the death,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
bankruptcy, insolvency, or incapacity of the shareholder may be registered as the holder of the shareholder's shares on making a request in writing to the company to be registered, accompanied by proof satisfactory to the directors of that entitlement.

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4351339 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4351339 
Transfer of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The shares of the company are transferable by entry in the share register in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 accordance with clause 10.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, the transfera}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339 bility of a share is subject to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the terms of issue of the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the right of the directors to refuse registration under clause 10(4).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1447426 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The personal representative of a deceased shareh}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 older may transfer a share even }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 though the personal representative is not a shareholder at the time of transfer.
\par }\pard\plain \ltrpar\s1\ql \li0\ri0\sb240\sa120\keep\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \ab\af0\afs28\alang1025 \ltrch\fcs0 
\b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 10.\tab Procedure for transfer of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1447426 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the transfer of shares a form of transfer signed by the shareholder or the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder's agent or attorney must be delivered to the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a share certificate has been issued, the compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 ny must not register a transfer }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of shares unless the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339 transfer form is accompanied by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the share certificate relating to the shares; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the evidence as to its loss of destruction and, if required, an indemnity in a form determined by the directors.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1447426 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (4), the company must without dela}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 y on receiving a }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 properly executed transfer form that complies with subclause (2) enter the name of the transferee in the share register as the holder of the shares.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If any amount is due and payable by the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 transferring shareholder to the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 compa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339 ny, the directors may, within 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
0 working days after receiving the transfer, resolve to refuse to register the transfer.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the directors resolve under subclause (4) to refuse to register a transfer, they}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must give the transferor notice of the refusal within 5 working days after the date of the resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If shares to which a share certificate relates are t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1447426 o be transferred, and the share }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 certificate is sent to the company to enable the registration of the transfer, the share certi
ficate must be cancelled and no further share certificate issued except at the request of the transferee.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4351339\charrsid4351339 11. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid4351339 Shareholder decisions and exercise of shareholder powers
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1447426 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A resolution in writing signed by the shareholder is as valid as if it had been passed at a meeting of the shareholder.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The company need not hold an annual meeting if everything required to be done at that meeting (by resolution or otherwise) is done by resolution in accordance with subclause (1).
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4351339 12.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid4351339\charrsid4351339  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid4351339 Distributions
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No dividend may be p
aid or other distribution made unless it is first approved by the shareholder.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4351339\charrsid4351339 13. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid4351339 Company may acquire its own shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to section 20 of the Act, the company may agree to acquire its own shares from the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company acquires its own shares, those shares are cancelled immediately on acquisition.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4351339 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4351339\charrsid4351339 14. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid4351339 Annual report to shareholder
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors are not required to prepare an annual report in respect of any accounting period, unless requested to do so by the shareholder.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4351339  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2695289\charrsid2695289 15. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2695289 Number of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The shareholder may fix the number of directors by notice in writing to the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2695289\charrsid2695289 16. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid2695289 Appointment and removal of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A director may be appointed or removed by the shareholder by notice in writing to the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2695289 17. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2695289 
When director vacates office
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2695289 
tor vacates office if he or she -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is removed from office in accordance with clause 16; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resigns in ac}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 cordance with sections 80 and 8}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 l}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 becomes disqualified from being a director under section 75 of the Act; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 dies.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2695289\charrsid2695289 18. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2695289 Powers and duties of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The business and affairs of the company must be managed by or under the direction or supervis}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2695289 ion of the directors subject to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 61 of the Act (which relates to shareholder appro
val of major transactions); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any directions given to the board in writing by the shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2695289 19. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2695289 Delegation by directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14711383 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors may delegate any of their powers that may be lawfully delegated}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14711383  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to a committee of directors, or to a directo
r or employee of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7038859 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors must monitor, by means of reasonable methods properly used, the exercise of powers by any delegate.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The provisions of this constitution relating to proceedings of directors also apply to proceedings of an
y committee of directors, except to the extent that the directors determine otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2695289 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2695289 20. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2695289 
Interested directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7038859 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A director must not exercise any power as a director if the director is directly or indirectly interested in the exercise of that power unless the matter in question has been approved by the shareholder.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5995465 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5995465 21. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5995465 
Use of company information
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7038859 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
This clause authorises the use of company information for the purpose of section 91(2)(a) of the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director may disclose (including disclose to the shareholder), use, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5995465 
or act upon company information -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if such disclosure or use is approved by the shareholder; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2127\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2127\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
such disclosure or use is authorised by any contract of employment entered into between that director and the company; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the relevant terms of the contract have been approved by the shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5995465 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5995465\charrsid5995465 22. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5995465 Indemnity and insurance
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7038859 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to section 101 of the Act, the comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 any may provide an indemnity or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
purchase insurance for a director of the company or a related company with the approval of the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5995465 (2) In sub clause (1), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5995465 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid7038859 director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5995465  includes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 

\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5995465 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person referred to in section 96(1) of the Act (Extended meaning of director for purposes of liability); and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a former director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7038859  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 indemnify includes relieve or exclude from liability, whether before or after the liability arises; and indemnity has a corresponding meaning.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5995465 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5995465 23. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5995465 Remuneration of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7038859 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors may receive remuneration and other benefits from the company with the approval of the shareholder.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6041708 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Directors' meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5928778 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5928778 24. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5928778 Procedure at meetings of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6041708 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6041708 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Clauses 25 to 31 set out the procedure to be followed at meetings of directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6041708 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (1), a meeting of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6041708 directors may determine its own }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 procedure.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2498230\charrsid2498230 25. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid2498230 Chairperson
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6041708 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The shareholder may appoint a director as chairperson of directors and may determine the period for which the chairperson is to hold office.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If no chairperson is appointed, or if at a meeting of directors the chairperson is not p
resent within 5 minutes after the time appointed for the commencement of the meeting, the directors present may choose 1 of their number to be the chairperson of the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2498230\charrsid2498230 26. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid2498230 Notice of meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A director or, on the request of a director, an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  employee may convene a meeting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of directors by giving notice in accordance with this clause.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Not less than 24 hours' notice of a meeting of d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 irectors must be given to every }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 director who is in the Cook Islands or who may be readily contacted outside the Cook Islands.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An irregularity in the notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2498230  of a meeting is waived if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
all directors entitled to receive notice of the meeting attend the meeting without protest as to the irregularity; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all directors entitled to receive notice of the meeting agree to the waiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2498230\charrsid2498230 27. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 Methods of holding meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A meeting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2498230 
of directors may be held either -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by a number of the directors who constitute a quorum being assembled together at the place, date, and time appointed for the meeting; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by means of audio, or audio and visual, communication by which all directors participating and constituting a quorum may simultaneously hear each other throughout the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 28.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2498230\charrsid2498230  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 Quorum
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A quorum for a meeting of directors is a majority of directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No business may be transacted at a meeting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 of directors unless a quorum is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 present.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2498230\charrsid2498230 29. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid2498230 Voting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Each director has 1 vote.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The chairperson has a casting vote.
\par (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A resolutio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2498230 n of the directors is passed if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 it is agreed to by all directors present without dissent; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a majority of the votes cast are in favour.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4139293 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director present at a meeting is presumed to have agreed to, and to have voted}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in favour of, a resolution of the directors unless he or she expressly dissents from or votes against the resolution at the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 30.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2498230  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 Minutes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors must ensure that minutes are kept of all proceedings at meetings of directors.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2498230 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 31.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid2498230\charrsid2498230  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid2498230 Unanimous resolution of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A resolution in writing signed or assented to by all directors is as valid and effective as if it had been passed at a meeting of the directors duly convened and held.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any such resolution may consist of several documents (including fax or other similar
 means of communication) in like form, each signed or assented to by 1 or more directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A copy of any such resolution must be entered in the minute book of the directors' meetings.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Managing director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid8008080 32. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8008080 Shareholder may appoint managing director
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 T
he shareholder may, from time to time, appoi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 nt a director of the company as }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
managing director for such period and on such terms as the shareholder thinks fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the terms of a managing director's ap}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 pointment, the shareholder may, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 at any time, cancel the appointment of a director as managing director.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director who holds office as managing di}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 rector ceases to hold office as }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 managing director if he or she ceases to be a director of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8008080\charrsid8008080 33. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid8008080 Delegation to managing director
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The directors may delegate to the managing dire}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 ctor, subject to any conditions }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
or restrictions that they consider appropriate, any of their powers that may be lawfully delegated.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors may at any time withdraw or vary the delegation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The delegation of a power of the directors to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  the managing director does not }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 prevent the exercise of the power by the directors, unless the terms of the delegation expressly provide otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8008080 34. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8008080 
Remuneration of managing director and executive directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The
 remuneration of the managing d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 irector must be approved by the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A director (other than the managing director) who is employed by the company may be paid such remuneration as approved by the shareholder.

\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Company records and auditor
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid8008080 35. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8008080 Access to company records
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The shareholder is entitled to access to the company's records as if the shareholder were a director.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8008080\charrsid8008080 36. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid8008080 Appointment of auditor
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The shareholder may, by notice in writing to the company, appoint an auditor}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 who is qualified to hold that office }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8008080 under section 169 of the Act to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 hold office for the period specified in the notice; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 audit the financial statements of the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008080 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The shareholder may remove an auditor by notice in writing to the company and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4139293  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 to that auditor.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008080  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Liquidations
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid8008080\charrsid8008080 37. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8008080 Resolution to appoint liquidator
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4139293 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 (1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215\charrsid7160700 ) }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid7160700 The shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  may resolve to appoint a liquid}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 ator by a resolution in writing }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 signed by the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors may resolve to appoint a liqui}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 dator if they consider that the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company is unable to meet its debts as they become due in the normal course of business.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The directors must not resolve to appoint }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 a liquidator without giving the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder 5 working days' notice of the meeting at which the resolution will be considered, and must permit the shareholder to attend and speak at that meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8008080\charrsid8008080 38. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid8008080 Distribution of surplus assets
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2040215 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The surplus assets of the company available for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 distribution to the shareholder }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 after all creditors of the company have been paid must be distr
ibuted to the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may, with the approval of the shar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2040215 eholder, distribute the surplus }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 assets to the shareholder in kind.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard \ltrpar\s39\qr \li0\ri0\sb600\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008080  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid465816 15(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid465816\charrsid4487102 
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2040215 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 3
\par Default constitution for company registered with 2 to 9 shareholders
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008080 Part 1 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 General provisions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008080 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid8008080\charrsid8008080 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid8008080 Constitution supplements provisions of Act
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
This constitution supplements certain provisions of the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This is the default constitution fo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14317189 r a company that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has 2 to 9 shareholders; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 otherwise has no constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14317189 Interpretation
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
This constitution must be read in conjunction with, and subject to, the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this constitution, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid9773913 Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the Companies Act 2017.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid14317189 Name of company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The name of the company on registration or re-re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 gistration under the Act is the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
name that appears on the application for registration or re-registration, as the case may be.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An application under section 12 of the Act to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532  change the name of the company }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not be made without the prior approval of all shareholders.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14317189 Part 2 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Shares and share register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14317189 Number of shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14317189 The company -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has 2 to 9 shareholders:
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 must not offer any of its shares or securities to the public.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid14317189 Number and classes of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At the time of registration or re-registr
ation under the Act, the company has the number and classes of shares specified in the application for registration or re-registration, as the case may be.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid14317189 Share register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The company may appoint an agent to maintain the share register.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 No notice of a trust, whether express or impli}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 ed, may be entered on the share }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 register.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 7. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid14317189 Form and location of share register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14317189 
The share register must be kept -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in written form; or
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in a form or in a manner that allows the contents of the register to be readily accessible so as to be usable for subsequent reference and convertible into written form.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13064532 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The share register must be kept at the company's registered office.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14317189 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14317189\charrsid14317189 8. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid14317189 Status of registered shareholder
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The company must treat the registered holde}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 r of a share as the only person }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7477425 entitled to -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the right to vote attaching to the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive notices; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 receive a distribution in respect of the share; and
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the other rights and powers attaching to the share.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13064532 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11696104 (2) If a joint holder of a share dies, the company must treat the remaining holders as the holders of the share.
\par (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a sole shareholder dies, the shareholder's legal representative is the only}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 person recognised by the company as having any title to, or interest in, the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696104 (4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13064532 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person who becomes entitled to a share as a consequence of the death,}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13064532  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 bankruptcy, insolvency, or incapacity of the shareholder may be registered as the hold
er of the shareholder's shares on making a request in writing to the company to be registered, accompanied by proof satisfactory to the directors of that entitlement.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11696104 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11696104 Issue of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7477425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid7477425 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11696104\charrsid7477425 Issue of shares
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696104\charrsid11696104 (1) The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696104 company may issue shares \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid7477425 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696104 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2719513 a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2719513\charrsid7477425 in accordance with clause 10; or}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696104\charrsid7477425 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2719513\charrsid7477425 (b) with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2719513  the prior approval of all }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8341493 shareholders, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13971743 to shareholders or any other person on any other basis.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2719513 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13971743 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13971743 (2) With }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14223285 the prior approval of all shareholders, the company may issue more than 1 class of shares.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13971743 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14223285 (3) In particular, the company may issue shares that \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9265031 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14223285 (a) are redeemable; or
\par (b) confer preferential rights to distributions of capital or income; or
\par (c) confer special, limited, or conditional voting rights; or
\par (d) do not confer voting rights
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7477425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid7477425\charrsid7477425 10. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14223285\charrsid7477425 Procedure for issue of shares 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13971743 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14223285 (1) The company may issue shares in accordance with the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10112506 procedure set out in subclauses (2) to (5).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14223285 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10112506 (2) The share
s must first be offered to all shareholders proportionally, on such terms as the directors think fit, pursuant to an offer that, if accepted by all shareholders, would not affect the relative voting or distribution rights.
\par (3) The shareholders must have a reasonable opportunity to consider and respond to the offer.
\par (4) Any shares not accepted by the shareholders to whom they were offered under subclause (2) must then be offered to those shareholders who did accept the shares offered to them under subclause}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7555878  
(2), on a fair and equitable basis determined by the directors and on the same terms and conditions as the offer made under subclause (2).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10112506 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7555878 (5) Any shares that are offered under subclause (4) but not taken up }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9265031 may then be offered to shareholders or any other
 persons as the directors think fit, on the same terms and conditions as the offer made under subclause (2).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7555878 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9773913 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9265031 Transfer of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9265031\charrsid11696104 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7477425 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid9265031\charrsid7477425 11}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7477425\charrsid7477425 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7690777\charrsid7477425 Transfer}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid7477425  of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7690777 
(1) The shares of the company are transferable by entry in the share register }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with clause }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7477425 12.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7690777 (2) However, the transferability of a share is subjected to - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7690777\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7690777 (a) the terms of issue of the share; and 
\par {\listtext\tab}(b) the right of the directors to refuse registration under clause 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10095608 2(4); and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7690777 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9265031 (c) the pre-emptive rights of other shareholders under clauses 17 to 24.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7690777 (3) The personal representatives of a deceased shareholder may transfer a share even though the personal representative is not a shareholder at the time of transfer.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9265031\charrsid10095608 12}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608 . }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6237891\charrsid10095608 Procedure for transfer of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6237891 (1) For the transfer of shares a form of transf
er signed by the shareholder or the shareholder's agent or attorney must be delivered to the company.
\par (2) If a share certificate has been issued, the company must not register a transfer of shares unless the transfer form is accompanied by \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6237891 (a) the share certificate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6627079 relating to the shares; or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6237891 

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6627079 (b) the evidence as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10095608  to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6627079  its loss o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10095608 r}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6627079  destruction and, if required, an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10095608 appropriate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6627079 indemnity.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6627079 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10095608 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6627079 ubject to subclause (4), the company must without delay on receiving a properly executed transfer form that complies 
with subclause (2) enter the name of the transferee in the share register as the holder of the shares.
\par (4) If any amount is due and payable by the transferring shareholder to the company, the directors may, within 30 working days after receiving the transfer, resolve to refuse to register the transfer.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2897260 (5) If the directors resolve under subclause (4) to refuse to register a transfer, they must give the transferor notice of the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11218932 
refusal within 5 working days after the date of the resolution.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2897260 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11218932 
(6) If shares to which a share certificate relates are to be transferred, and the share certificate is sent to the company to enable the registration of the transfer, the share certificate must be cancelled and no further share certificate must be cancell
ed and no further share certificate issued except at the request of the transferee.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9265031 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9265031 Shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10095608\charrsid10095608 13. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11696924\charrsid10095608 Shareholders entitled to receive distributions
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696924 (1) The Shareholders who are entitled to receive distributions are \endash 
 }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696924\charrsid11696924 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8205494 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696924 (a) if the directors fix a date for this purpose, those shareholders whose names are registered in the share register on that date; or}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11696924\charrsid11696924 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696924 (b) if the directors do not fix a date, those shareholders whose names are registered }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8205494 in the share register on the day on which the dividend is approved.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11696924\charrsid8205494 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8205494 (2) A date fixed under subclause (1)(a) must not be more than 20 working days before the date on which it is proposed to pay the dividend.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8205494\charrsid8205494 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608 14. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8205494\charrsid10095608 
Shareholders entitled to exercise pre-emptive rights
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8205494 The shareholders who are en
titled to pre-emptive rights to acquire shares in accordance with clauses 17 to 24 are those shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16456617  whose}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8205494  names a}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16456617 re registered in the share register on the day on which notice is given to the company by the selling }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13180473 shareholder under clause 18.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid8205494\charrsid13180473 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13180473\charrsid10095608 15.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13180473\charrsid10095608 Shareholders entitled to attend shareholder meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13180473 
(1) The shareholders who are entitled to receive notice of a meeting of shareholders are \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13180473\charrsid13180473 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13180473 (a) if the direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8588103 
tors fix a date for this purpose, those shareholders whose names are registered in the register on that date; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13180473\charrsid8588103 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8588103 (b) if the directors do not fix a date, those shareholders are registered in the share register at the close of business on the day immediately preceding the day on which the notice is given.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8588103\charrsid8588103 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8588103 (2) A date fixed under subclause (1)(a) must not be more than 30 working days before the date on which the meeting is to be held.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8588103\charrsid8588103 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9911003 (3) Before a meeting of shareholders, the company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224 may prepare a list of shareholders entitled to receive notice of the meeting that \endash  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid8588103\charrsid1198224 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6703307 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224 (a) is arranged in alphabetical order; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224\charrsid1198224 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224 (b) shows the number of shares held by each shareholder,- }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224\charrsid1198224 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6703307 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1198224 (i) if a date has been fixed under subclause (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344 (a), as at that date; or }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1198224\charrsid16199344 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344 (ii) if no such date has been fixed, as at the close of business on the day immediately preceding the day on which notice is given.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344\charrsid16199344 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16199344 (4) A person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16199344\charrsid10095608 P}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344 
) named in a list prepared under subsection (3) is entitled to attend the meeting and vote in respect of the shares shown opposite P's name in person or by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344\charrsid12472838 proxy, except to the extent that 
\endash }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16199344\charrsid15036452 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452 
(a) P has, since the date on which the shareholders entitled to receive notice of the meeting were determined, transferred any of P's shares to some other person; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452\charrsid15036452 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452 (b) the transferee of those shares has \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452\charrsid15036452 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452 (i) been registered as the holder of the shares; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452\charrsid15036452 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15036452 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10564873 requested, before the commencement of the meeting, that the transferee's name be entered on the list prepared under subclause (3).}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15036452\charrsid10564873 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14888247 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10564873 (5) A shareholder may, on giving notice of less than 2 working days, examine any list prepared under subclause (3) during normal business}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247  hours}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10564873  at the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247  registered office the company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10564873\charrsid14888247 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608 16. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14888247\charrsid10095608 
Dividends
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247 Subject to com
pliance with the solvency test and to the terms of issue of any shares, the company may pay a dividend to shareholders \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247\charrsid14888247 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12731984 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247 (a) of the same amount in respect of each share of the same class, if the payment of the dividend is authorised by the directors; or}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid14888247\charrsid14888247 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247 (b) on any }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12731984 other basis, with the prior approval of all shareholders.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14888247\charrsid12731984 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12731984 Pre-emptive rights
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10095608 17. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12731984\charrsid10095608 Restrictions on selling shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12731984 
(1) A shareholder must not sell or otherwise dispose of the shareholder's shares in the company without first offering to sell them to
 the other holder of the shares of the same class in accordance with the procedure set out in clauses 18 to 24, unless all the other shareholders agree otherwise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7108277 (2) Any share transfer delivered to the company by a shareholder who has not complied with subclause (1) is of no effect and the transfer must not be entered in the register.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608 18. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7108277\charrsid10095608 
Selling shareholder must notify company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7108277 
A shareholder who wishes to dispose of some or all of the shareholder's shares (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7108277\charrsid10095608 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7108277\charrsid4743463 selling shareholder}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid7108277 ) must give written notice to the company of \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid293230 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7108277 (a) the number }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid293230 of shares to be sold; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7108277 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid293230 (b) the price at which the selling shareholder is willing to sell the shares.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10095608 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid293230\charrsid10095608 19.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10095608  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid293230\charrsid10095608 Company must notify shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid293230 The company must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 ,}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid293230  within 10 working days after receiving a notice under clause 18, give to each }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4743463 shareholder \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid293230 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16330974 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4743463 (a) a copy of the notice; and 
\par (b) a notice advising each holder of shares of the same class as those to be sold that \endash  
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid16330974 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4743463 (i) the recipient is entitled to purchase
 a proportional number of the shares that the selling shareholder wishes to sell (the number appropriately rounded as determined by the directors); and 
\par (ii) if the recipient wishes }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16330974 to purchase those shares, the recipient must advise the company in writing within 10 working days after the notice is delivered to the recipient.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4743463 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3041034\charrsid3041034 20. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16330974\charrsid3041034 Notice given by company constitutes offer to sell
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16330974 
The company's notice given under clause 19(b) constitutes an offer by the selling }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15680738 shareholder to sell }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15680738 
the recipient of the notice the number of shares specified in the notice at the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15680738 rice specified by the selling shareholder in the selling }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4535062 shareholder's notice to the company given under clause 18.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16330974 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3041034 21. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4535062\charrsid3041034 
Contract concluded on advice of acceptance
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12731984 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4535062 
(1) Subject to clause 24, written advice to the company by a shareholder (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4535062\charrsid8810897 purchasing shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4535062 
) in accordance with clause 19(b)(ii) concludes a contract between that shareholder and the selling shareholder for the sale}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8810897  and purchase of the relevant number of shares.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11098892 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8810897 The company must without }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810 delay \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8810897 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4011810 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810 (a) advise the selling shareholder of acceptance of the offer; and 
\par (b) give the selling shareholder a copy of the purchasing shareholder's advice of acceptance.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3041034 22. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4011810\charrsid3041034 Shares offered but not accepted must be offered to other shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8937353 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810 (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid4011810 This clause applies if a shareholder to whom notice has been given under clause 19(b) has not advised acceptance of the offer in accordance with that clause.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810\charrsid4011810 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810 (2) The relevant }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16260470 shares must be offered, on a fair and equit
able basis determined by the directors, to those shareholders who did the accept the shares offered to them.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4011810\charrsid16260470 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16260470 (3) Clauses 20 and 21 apply to any notice given to a shareholder, and to any notice of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6891849 acceptance given }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11098892 
by a purchasing shareholder, under this clause.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16260470 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11098892\charrsid3041034 23.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3041034  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11098892\charrsid3041034 Shares }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13969107\charrsid3041034 offered without any acceptance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7039702\charrsid3041034 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8937353 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13969107 
(1) If there has been no acceptance of shares offered under clause 19 or 22, the selling shareholder may, at any time in the 12 months following the selling }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7039702 shareholder's notice }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid12984678 under clause 18, sell some or all of those shares }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14687459 to any other person at a price not less than the price specified in that notice.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13969107 

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14687459 (2) Before registering a transfer of shares sold under subclause (1), the directors may require reasonable evidence of the terms (including price) on which the shares were sold.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14687459\charrsid3041034 24.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid3041034\charrsid3041034  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14687459\charrsid3041034 Selling shareholder not obliged to sell
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8937353 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3615159 
(1) This clause applies if, after 40 working days following the selling shareholder's notice under clause 18, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1269199 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3615159 sell}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1269199 ing}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3615159  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1269199 shareholder has been notified of acceptances in respect of some but not all of the shares referred to in the notice.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid3615159 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1269199 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2062093 The selling shareholder may, at the selling }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16452265 
shareholder's option, give written notice to the company terminating the offer to sell the shares to the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2115982 other shareholders.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1269199 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2115982 (3) If the selling shareholder gives a notice under subclause (2), clause 23 applies as if no shareholder had wished to purchase the selling shareholder's shares.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2115982 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2115982 Company acquisition of its }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 own }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2115982 shares, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3041034 25.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2115982\charrsid3041034  Approval of all shareholders required for company acquisition of own shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8937353 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2115982 
The company may agree to acquire its own shares from a shareholder only with the prior approval }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2651731 of all shareholders.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2115982 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3041034 26.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2651731\charrsid3041034 
 Approval of all shareholders required for financial assistance by company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8937353 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2651731 The company may give financial ass
istance to a person for the purpose of, in connection with, the purchase of a share issued or to be issued by the company only with the prior approval of all shareholders.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2651731 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2651731 Deemed shareholder approval
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2651731\charrsid3041034 27.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3041034  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2651731\charrsid3041034 Deemed approval by all shareholders for certain purposes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2651731 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2651731 For the purposes of clauses 9, 16, 25, or 26, a decision }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11537469 must be treated as approved by all shareholders if \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2651731 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11537469 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11537469 (a) notice of the decision has been given to all shareho}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 lders in accordance with clause}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11537469  62 (Service of documents on shareholders); and
\par (b) no shareholder has responded within 10 working days objecting to that decision; and 
\par (c) shareholders entitled to cast not less than 75% of the votes in relation to a resolution to alter the constitution of the company have responded with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3041034 in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11537469 
 10 working days approving that decision.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12155889 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7172478 Part 3 \endash  Shareholder meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid12155889\charrsid3041034 28. Shareholder meetings
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9983793 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12155889 (1) Clauses 29 to 41 set out the procedure for meetings of shareholders.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12155889\charrsid12155889 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12155889 (2) A meeting of shareholders may determine its own procedure to the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9983793 extent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12155889  that it is not governed by these }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12155889\charrsid2428226 provisions.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3041034 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3041034\charrsid3041034 29. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid2428226\charrsid3041034 Notice of meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9983793 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2428226 (1) A company must give }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 
written notice of a meeting of shareholders to \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2428226\charrsid8999499 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9983793 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (a) every shareholder entitled to receive notice of the meeting; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499\charrsid8999499 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (b) every director; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499\charrsid8999499 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (c) the auditor, if any.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499\charrsid8999499 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9983793 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8999499 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243657  The notice must -
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9983793 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5243657 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 
) be given not less than 10 working days before the meeting; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499\charrsid8999499 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (b) set out \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499\charrsid8999499 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9983793 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 (i) the nature of the business to be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15080297 
transacted at the meeting in enough detail to enable a shareholder to make a reasoned judgment in relation to it; and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8999499 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15080297 (ii) the text of any special resolution to be submitted to the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15080297 (3) If a meeting of shareholders is adjourned }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10888647 
for less than 30 working days, it is not necessary to give notice of the time and place of the adjourned meeting other than by announcement at the meeting that is adjourned.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15080297 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5243657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5243657\charrsid5243657 30. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10888647\charrsid5243657 Irregularity }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9773913\charrsid5243657 in notice or accidental omission of notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10888647\charrsid5243657 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9773913 (1) An irregularity in a notice of meeting is waived if \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1459764 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9773913 (a) all the shareholders entitled to attend a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 nd vote at the meeting attend the meeting withou
t protest to the irregularity; or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9773913 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 (b) all those shareholder agree to the waiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1459764 (2) An accidental omission to give notice of a meeting to a shareholder, or a shareholder's failure to receive notice of a meeting, does not invalidate the proceedings at the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9118056 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9118056 31. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1459764\charrsid9118056 
Methods of holding meetings
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 A meeting of shareholders may be held either \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9118056 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 (a) by a number of shareholders, who constitute a quorum, being assembled together at the place, date, and time appointed for the meeting; or
\par {\listtext\tab}(b) by means of audio, or audio and visual communication by which all shareholders participating and constituting a quorum may simultaneously hear each other throughout the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9118056 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid1459764\charrsid9118056 32.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9118056\charrsid9118056  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1459764\charrsid9118056 Quorum
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 
(1) Subject to subclause (3), no business may be transacted at a meeting of shareholders if a quorum is not present.
\par (2) A quorum for a meeting of shareholders is present if shareholders or their proxies are present who are between them able to exercise a majority of the votes of the votes to be cast on the business to be transacted at the beginning.
\par (3) If a quorum is not present within 30 minutes }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16528206 after the time appoin
ted for the meeting is adjourned to the same day in the following week at the same time or place, or to such other date, time, and place as the directors may appoint.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1459764 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16528206 (4) If, at the adjourned meeting, a quorum is not present within 30 minutes after the time appointed for the meeting, the shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4619216 s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid16528206  present or their proxies are a quorum.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4619216 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4619216\charrsid4619216 33. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid16528206\charrsid4619216 Chairperson
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16528206 
(1) If the directors have elected a chairperson of the directors, and that person is present at a meeting of shareholders, he or she must chair the meeting.
\par (2) If there is no chairperson of directors or if the chairperson of directors is not present within 15 minutes after the time appointed for the commencement of the meeting, the shareholders present may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559 
choose 1 of themselves to chair the meeting.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16528206 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3090935 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3090935\charrsid3090935 34. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid9245559\charrsid3090935 Voting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559 
(1) Unless a poll is demanded, voting at a meeting of shareholders must take place by \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3090935 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559 (a) voting by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559\charrsid3090935 voice or show of hands, whichever the chairperson determines; or 
\par {\listtext\tab}(b) if the meeting is held by audio and visual communication, by shareholders signifying}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559  their assent or dissent by voice.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9245559 (2) A declaration by the chairperson of the meeting that a resolution is carried by the requisite majority is conclusive evidence of that fact unless a poll is demanded in accordance with clause 35.
\par (3) The chairperson of a shareholders' meeting does not have a casting vote.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3090935 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3090935 35. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9245559\charrsid3090935 Poll

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559 (1) At a meeting of shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15496054 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15469938 a poll may be demanded by \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9245559 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15469938 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15469938 (a) not fewer than 3 shareholders having the right to vote on the question at the meeting; or
\par (b) a shareholder or shareholders representing not less than 10% of the total voting rights of all shareholders having the right to vote on the question at the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15080297 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid15469938 (2) A poll may be demanded either before or after a vote is taken on a resolution.
\par (3) If a poll is taken, - 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15469938 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15469938 (a) votes must be counted according to the votes attached to the shares of each shareholder present and voting; and
\par (b) the vote of each shareholder must be recorded in the minutes of the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12322699 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid12322699\charrsid12322699 36.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15469938\charrsid12322699  Votes of joint shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15469938 If 2 or more persons are re
gistered as the joint holders of a share, the vote of the person named first in the share register and voting on a matter must be accepted to the exclusion of the votes of the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5904773 other joint holders.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15469938 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12322699 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12322699\charrsid12322699 37. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5904773\charrsid12322699 Proxies
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5904773 (1) A shareholder may exercise the right to vot
e either by being present in person or by proxy.
\par (2) A proxy for a shareholder is entitled to attend and participate in a meeting of shareholders as if the proxy were a shareholder.
\par (3) A proxy must be appointed by notice in writing signed by the shareholder.
\par (4) The notice must state whether the appointment is for a particular meeting or for a specified term.
\par (5) No proxy is effective in relation to a meeting unless a notice of appointment is given to the company at least 24 hours before the start of the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1184818 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1184818\charrsid1184818 38. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5904773\charrsid1184818 Corporations may act by representatives 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5904773 
(1) A corporation that is a shareholder may appoint a representative to attend a meeting of shareholders on its behalf by notice in writing signed by a director }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1779715 or secretary of the corporation.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5904773 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1779715 (2) The notice must state whether the appointment is for a particular meeting or for a specified term.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1184818 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1184818\charrsid1184818 39. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid1779715\charrsid1184818 Minutes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1779715 
(1) The directors must ensure that minutes are kept of all proceedings at meetings of shareholders.
\par (2) Minutes that have been signed correct by the chairperson of the meeting are prima facie evidence of the proceedings at the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1184818 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1184818\charrsid1184818 40. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid1779715\charrsid1184818 Written resolution of shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1779715 
(1) A resolution in writing signed by shareholders, who together hold not less than 75% of the votes entitled to be cast on that resolution at a meeting of shareholders, is as valid as if it had been passed at a meeting of those shareholders.
\par (2) Any such resolution may consist of several documents (including}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130  fax or other similar means of communication) in like form each signed or assented to by 1 or more shareholders.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid1779715 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6560609 T}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 
he company need not hold an annual meeting if everything required to be done at the meeting (by resolution or otherwise) is done by resolution in accordance with subclause (1).
\par (4) Within 5 working days of a resolution being passed under subclause (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6560609 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 ), the company must send a copy of the resolution to every shareholder who did not sign it.

\par (5) A resolution may be signed under subclause (1) without any prior notice being given to the shareholders.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6560609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8130\charrsid6560609 41. Special meeting of shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15469938 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 A special meeting of shareholders entitled to vote on an issue \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6560609 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 (a) may be called at any time by a director; and
\par {\listtext\tab}(b) must be called by the directors on the written request of shareholders holding shares carrying together not less than 5% of the votes that may be cast on that issue.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130\charrsid12155889 
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15691105 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9773913\charrsid12476025 Part 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105\charrsid12476025  \endash  Directors 
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6560609 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9773913\charrsid12476025 Directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9773913\charrsid9773913 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6560609 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid9773913\charrsid6560609 42}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6560609\charrsid6560609 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15691105\charrsid6560609 Number of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 The shareholder may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8130 by ordinary 
resolution fix the number of directors.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6560609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8130\charrsid6560609 43}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid6560609\charrsid6560609 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15691105\charrsid6560609 Appointment and removal of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 A director may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 
 be appointed or removed by ordinary resolution passed at a meeting called for the purpose, or by a written resolution in accordance with clause 40.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6560609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6560609\charrsid10578308 44. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid16591854\charrsid10578308 Term of office
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 
(1) The resolution appointing a director may specify the period for which the director is to hold office.
\par (2) A director appointed by resolution specifying the term of appointment ceases to hold office on the expiry of that term unless he or she is reappointed.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16591854\charrsid10578308 45}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10578308\charrsid10578308 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308 When director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15691105\charrsid10578308  vacates office
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 A director vacates office if he or she \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 (a) is removed from office in accordance with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 clause 43; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15691105 
\par {\listtext\tab}(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 ceases to hold office }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 under clause 44(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 ; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 

\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16591854 (c) resigns in accordance with sections }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 80 and 81 of the Act; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 (d) becomes disqualified from being a director under section 75 of the Act; or 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 ) dies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15691105 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10578308\charrsid10578308 46. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308 Casual v}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4525943\charrsid10578308 acancies
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4525943 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 
The directors may appoint any person to be a director to fill a casual vacancy until the next annual meeting of the company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943\charrsid4525943 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4525943\charrsid10578308 47}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10578308\charrsid10578308 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15691105\charrsid10578308 Delegation by directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15691105 
(1) The directors may delegate any of their powers that may be lawfully delegated to a committee of directors, or to a director or employee of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9984334 (2) The directors must monitor, by means of reasonable methods properly used, the exercise of powers by any delegate.
\par (3) The provisions of this constitution relating to proceedings of directors also apply to proceedings of any committee of directors, except to the extent that the directors determine otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4525943\charrsid10578308 48}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid8980089\charrsid10578308 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308\charrsid10578308  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid8980089\charrsid10578308 Indemnity and insurance
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8980089 (1) Subject to section }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9980920 
101 of the Act, the company may provide an indemnity or purchase insurance for a director of the company or a related company with the approval of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13984095 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 (a) the directors, but no director may vote on a resolution concerning an indemnity or insurance to be provided for him or her; or 
\par (b) the shar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 eholders by ordinary resolution, but no director may vote on a resolution concerning an indemnity or insurance to be provided for him or her; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4525943 

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 (c) all shareholders under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9980920 (2) In subclause (1), - 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13984095 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid9980920 irector}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9980920  includes \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9980920 (a) a person referred to in section 96(1) of the Act (Extend}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 ed}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid9980920  meaning of director for purposes of liability}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9980920 ; and 
\par {\listtext\tab}(b) a former director
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid9980920 indemni}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid9980920 y}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9980920  includes relieve or exclude from liability, whether before or after the liability arises; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid9980920 indemnity}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid9980920  has a corresponding meaning.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid13984095\charrsid10578308 49}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid10578308 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11102102\charrsid10578308 
Remuneration of directors }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9980920\charrsid10578308 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 D}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11102102 
irectors may receive remuneration and other benefits from the company with the approval of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11102102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13984095 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 (a) the directors, but no director may vote on a resolution relating to remuneration or other benefits to be provided for him or her; or
\par (b) the shareholders by ordinary resolution, but no director may vote on a resolution relating to remuneration or other benefits to be provided for him or her; or 
\par (c) all shareholders under section 62 of the Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10578308\charrsid10578308 50. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13984095\charrsid10578308 Use of company information 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13984095 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 (1) This clause authori}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 se}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 s the use of company information for the purpose of section 91(2)(a) of the Act.
\par (2) A director may disclose, use, or act upon company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2324327 information if \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13984095 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2324327 (a) such disclosure or use is authorised by any contract of employment entered into between that director and the company; and
\par {\listtext\tab}(b) the relevant terms of the contract have been approved by the shareholders by ordinary resolution.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6035949 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11102102 Directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 '}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11102102  meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6426030\charrsid10578308 51}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308\charrsid10578308 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11102102\charrsid10578308 Procedure at meetings of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6426030 (1) Clauses }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 52}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6426030  to 58}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6035949  set out the procedure to be followed at meetings of directors.
\par (2) Subject to subclause (1), a meeting of directors may determine its own procedure.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10578308 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6426030\charrsid10578308 52}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid6035949\charrsid10578308 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10578308  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6035949\charrsid10578308 Chairperson
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6035949 (1) The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 directors}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6035949  may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10578308 elect 1 of their number}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6035949 
 as chairperson of directors and may determine the period for which the chairperson is to hold office.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid140075 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11500186 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11677727 If no chairperson is appointed, or if at a meeting of directors the chairperson is not present within 5 minutes after the time
 appointed for the commencement of the meeting, the directors present may choose 1 of their number to be the chairperson of the meeting.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6035949 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid140075\charrsid9656735 53}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid9656735\charrsid9656735 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11677727\charrsid9656735 Notice of meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11677727 (1) A director or, on the request of a }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid3412866 director, an employee may convene a meeting of directors by giving notice in accordance with this clause.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11677727 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3412866 (2) Not less than 24 hours' notice of a meeting of directors must be given to every director who is in the Cook Islands or who may be readily contacted outside the Cook Islands.
\par (3) An irregularity in the notice of a meeting is waived if \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3412866 (a) all directors entitled to receive notice of the meeting attend the meeting without protest as to the irregularity; or 
\par {\listtext\tab}(b) all directors entitled to receive notice of the meeting agree to the waiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 54}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12476025\charrsid9656735 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12476025\charrsid9656735 Methods of ho
lding meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3412866\charrsid9656735 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3412866 A meeting of directors may be held either \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12742983 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3412866 (a) by a number of the directors who constitute a quorum being assembled together at the place, date, and time appointed for the meeting; or 
\par {\listtext\tab}(b) by means of audio, or radio and visual, communication by which all directors participating and cons}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4015208 tituting a quorum may simultaneously hear each other throughout the meeting.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3412866 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 55}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735\charrsid9656735 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13191302\charrsid9656735 Quorum}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid4015208\charrsid9656735 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13191302 (1) A quorum for a meet}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12592102 
ing of directors is a majority }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11076251 of directors.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13191302 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11076251 (2) No business may be transacted at a meeting of directors unless a quorum is present.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 56}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735 . }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11076251\charrsid9656735 Voting 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11076251 (1) Each director has one vote.
\par (2) The chairperson has a casting vote.
\par (3) A resolution of the directors is passed if \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12220904 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11076251 (a) it is agreed to by all directors present without dissent; or 
\par (b) a majority of the votes cast are in favour.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11076251 (4) A director present at a meeting is presumed to have agreed to, and to have voted in favour of, a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12220904 
resolution of the directors unless he or she expressly dissents from or votes against the resolution at the meeting.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11076251 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 57}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid9656735\charrsid9656735 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12220904\charrsid9656735 Minutes }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11076251\charrsid9656735 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12220904 
The directors must ensure that minutes are kept of all proceedings at meetings of directors.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 58}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid9317713\charrsid9656735 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735\charrsid9656735  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9317713\charrsid9656735 Unanimous resolution of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9317713 (1) A }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9656735 resolution}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9317713  in writing signed or assented to by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8810782 all directors is as valid and effective }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13973226 as if it had bee
n passed at a meeting of the directors duly convened and held.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9317713 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13973226 (2) Any such resolution may consist of several documents (including fax or other similar means of communication) in like form, each signed or assented to by 1 or more directors.
\par (3) A copy of any such resolution must be entered in the minute book of the directors' meetings.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13973226 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13973226 Managing director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid9656735 59. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16743616\charrsid9656735 Directors may appoint managing director
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16743616 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12994931 
(1) The directors may, from time to time, appoint a director of the company as managing director for such period and on such terms as they think fit.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16743616 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12994931 (2) Subject to the terms of a managing director's appointment, the directors may, at any time, cancel the appointment of a director as managing director.
\par (3) A director who holds office as managing director ceases to hold office as managing director if he or she ceases to be a director of the company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12994931\charrsid16743616 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12994931\charrsid9656735 60}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid12651558\charrsid9656735 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5975813\charrsid9656735 Delegation to managing director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12651558\charrsid9656735 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5975813 
(1) The directors may delegate to the managing director, subject to any conditions or restrictions that they consider appropriate, any of their powers that may be lawfully delegated.
\par (2) The directors may at any time withdraw or vary the delegation.
\par (3) The delegation of a power of the directors to the managing director does not prevent the exercise of the power by the directors, unless the terms of the delegation expressly provide otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid12994931\charrsid9656735 61}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735 . }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5975813\charrsid9656735 Remuneration of the managing }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2247576\charrsid9656735 director and executive directors}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5975813\charrsid9656735 

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 (1) The }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12994931 
managing director may be paid such remuneration as he or she may agree with the directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 (2) A director (other than the managing director) who is employed by the company may be paid such remuneration as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11680835 
 may be agreed between that director and the other directors.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11680835 
\par (3) Remuneration payable under this clause may be paid by way of salary, commission, participation in profits, or any combination of those methods, or any other method of fixing remuneration.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10309927 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11680835 Part 5}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9656735  \endash  Liquidation}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11680835\charrsid9656735 62}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10309927\charrsid9656735 Resolution to appoint liquidator
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 (1) The shareholder may resolve to appoint a liquidator }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11680835 by special resolution.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2247576 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 (2) The directors may resolve to appoint a liquidator if they consider that the company is unable to meet its debts as they become due in the normal course of business.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9656735 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid7872351\charrsid9656735 63}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10309927\charrsid9656735 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9656735  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10309927\charrsid9656735 Distribution of surplus assets
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 (1) The surplus assets of the company ava}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid8264545 ilable for distribution to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8264545 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 
 after all creditors of the company have been paid must be distributed }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 in pro}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8264545 p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 o}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid8264545 r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 tion }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 to the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 
number of shares held by each shareholder, subject to the terms of issue of any shares.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 
\par (2) The liquidator may, with the approval of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351  a special resolution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 , distribute the surplus assets }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 of}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10309927  the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 company among the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8264545 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10309927  in kind.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 (3) For the purposes of subclause (2), the liquidator may \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid7872351 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7872351 (a) set such value as he or she considers fair on the property to be distributed; and
\par (b) determine how the division of the property will be carried out as between shareholders or different classes of shareholders.
\par }\pard\plain \ltrpar\s41\qc \li0\ri0\sb240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2308312 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid2308312 Part 6 \endash  Miscellaneous
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2063991 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2308312\charrsid2063991 64. Service of documents on shareholder
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2308312 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 A notice, statement, report, copy of accounts, or other document
 to be sent or given to a shareholder may be sent or given in accordance with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2308312\charrsid12476025 Schedule 14}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312  of the Act.
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\sb600\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2063991 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10309927 Schedule}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312  4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 
\par }\pard \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10172268 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 Default constitution fo}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 
r company registered with 10 or more}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927  shareholders
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10172268 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10309927 Part 1 \endash  General provisions
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2063991 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid2063991 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10309927\charrsid2063991 Constitution supplements provisions of Act 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 (1) This constitutio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10172268 
n supplements }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid992676 certain }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10172268 provisions of the Act.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10309927 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10172268 (2) This is the default constitution for a company that \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10172268 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10172268 (a) has }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid992676 10 or more}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10172268  shareholders; and 
\par (b) otherwise has no constitution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid992676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid992676 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4609595\charrsid992676 Interpretation
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595 (1) This constitution must be read i
n conjunction with, and subject to, the Act.
\par (2) In this constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595\charrsid992676 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4609595\charrsid12476025  Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid992676  means the C}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid4609595 ompanies Act 2017.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 (3) For the purpose}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid992676 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312  of this constitution, - 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2308312 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid2308312\charrsid12476025 voting share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 
 means a share that confers on its holder the right to vote on a resolution at a meeting of shareholders: and
\par (b) the percentage of voting shares held by any person is treated as equal to the percentage of votes that that person is entitled to cast on such a resolution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2308312 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2308312 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494136 For the purpose of this constitution, a person is interested in a voting share if that person \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2308312 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10817097 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494136 (a) is a beneficial owner of the share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10314454 ; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11494136 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10314454 (b) has the power to exercise any right to vote attached to the share; or
\par (c) has the power to control the exercise }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716 of any righ}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 t to vote attached to the share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716 ; or}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10314454 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716 (d) has the power to acquire or dispose of the share; or
\par (e) has the power to control the acquisition or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716\charrsid4073686 disposition}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4073686 of the share by another person; or}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411716 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4073686 (f) under, or by virtue of, any trust, agreement, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 arrangement, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4073686 
or understanding relating to the share (whether or no}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12476025 t that person is a party to it,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4073686 
 and whether or not it is legally enforceable) may, at any time, have any of the powers referred to in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10817097 paragraphs (b) to (e).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4073686 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2308312 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10817097 (5) A person who has, or may have, a power referred to in subclause (4)(b) to (f) is interested in a share, regardless of whether the power is \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5517406 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10817097 (a) express or implied; or 
\par (b) direct or indirect; or
\par (c) legally enforceable or not}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 ;}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10817097  or
\par (d) related to a particular share or not; or 
\par (e) subject to restraint or restriction or is capable of being }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5517406 made subject }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5517406 restraint or restriction; or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10817097 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5517406 (f) exercisable presently or in the future; or
\par (g) exercisable only on the fulfilment of a condition; or 
\par (h) exercisable alone or jointly with another person.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6447397 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6447397 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4609595\charrsid6447397 Name of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6447397\charrsid6447397 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4609595\charrsid6447397 company

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595 (1) The name of the company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 at
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 the time of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595 registration or re-registration under the Act appears on the application for registration or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 for }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595 re-registration, as the case may be.
\par (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13255569 The name of the company may be changed in accordance with section 12 of the Act with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13255569 
prior approval of the directors.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4609595 
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5181976 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4609595 Part 2 \endash  Shares and share register
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6447397 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6447397 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid13255569\charrsid6447397 Number of share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6447397 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid4609595\charrsid6447397 
\par }\pard\plain \ltrpar\s21\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin0\itap0\pararsid13255569 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13255569 At the time of registration or re-registration under the Act, the company has the number of shares specified in the application for registration or re-registration, as the case may be.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15876446 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6447397 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6447397 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11209634\charrsid6447397 Share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15876446\charrsid6447397 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11209634 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 (1) The company may appoint an agent to maintain the share register}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 
\par (2) No notice of a trust, whether express or implied, may be entered on the share register.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634\charrsid11209634 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6447397 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6447397 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11209634\charrsid6447397 
Form and location of share register}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15876446\charrsid6447397 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 (1) The share register must be kept \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11209634 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 (a) in written form; or
\par (b) in a form or in a manner that allows the contents of the register to be readily accessible so as to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6447397 be }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 
usable for subsequent reference and convertible into written form.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11209634 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11209634 (2) The share register must be kept at the company's registered office.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634\charrsid11209634 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6447397 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11209634\charrsid6447397 7.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6447397  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10750336\charrsid6447397 Status of registered shareholder
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750336 (1) The company must treat the regis
tered holder of a share as the only person entitled to \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5181976 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750336 (a) exercise the right to vote attaching to the share; and 
\par (b) receive notices; and 
\par (c) receive a distribution in respect of the share; and 
\par (d) exercise the other rights and powers attaching to the share.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12201451 (2) If the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750336  shareholder dies, the shareholder's legal representative is the only person recognised by the company as having any title to, or interest in, the share.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12201451 (3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10750336 ) Any person who becomes entitled to a share as a consequence of the death, bank
ruptcy, insolvency, or incapacity of the shareholder may be registered as the holder of the shareholder's shares on making a request in writing to the company to be registered, accompanied by proof satisfactory to the directors of that entitlement.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11209634 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid1639148 Issue of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16411410 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11209634\charrsid16411410 8.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16411410  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11209634\charrsid16411410 Issues of shares
\par }\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin879\itap0\pararsid11209634 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid11209634 (1) The company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid16411410 may issue more than 1 class of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid11209634 shares.
\par (2) The company may issue shares that \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid1002400 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9834846 (a) are redeemable; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11209634 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9834846 (b) confer preferential rights to distribution of capital or income; or 
\par (c) confer special, limited, or conditional voting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400 rights; or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9834846 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400 (d) do not confer voting rights}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16411410 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid16411410 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid1002400\charrsid16411410 Procedure for issue of shares
\par }\pard\plain \ltrpar\s46\ql \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1002400 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b0\insrsid1002400 (1) The company may issue shares in accordance with the procedure set out in subclause}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid16411410 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\insrsid1002400  (2) to (4).
\par (2) The company may issue shares \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12156437 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400\charrsid12156437 (a) pursuant to an offer made}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12156437 
to all shareholders proportionally that, if accepted by all shareholders, would not affect the relative voting or distribution rights, on such terms as the directors think fit (including issuing shares without consideration or instead of dividends); or}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1002400 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12156437 (b) to shareholders or any other persons for a consideration determined by the directors.
\par }\pard\plain \ltrpar\s46\ql \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1002400 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b0\insrsid12156437 (3) If an offer is made to all shareholders, the shareholders must have a reasonable opportunity to consider and respond to the offer.
\par (4) If shares are issued under subclause (2)(b), the directors must use reasonable endeavours to obtain the best price reasonably obtainable for the shares.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12156437 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16411410 Transfer o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12156437 f shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12156437\charrsid1002400 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16411410 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid12156437\charrsid16411410 10}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14449730\charrsid16411410 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid16411410  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14449730\charrsid16411410 
Transfer of shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 (1) The shares of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 the }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 company are transferable by entry in the share register in accordance with claus}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 e 11}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 .
\par (2) However, the transferability of a share is subject to \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14449730 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 (a) the terms of issue of the share; and 
\par (b) the right of the directors to refuse registration under clause 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 (4).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7690777 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14449730 (3) The personal representative of a deceased shareholder may transfer a share even though the personal representative is not a shareholder at the time of transfer.
\par }\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin879\itap0\pararsid8420698 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12156437 11}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 .\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8420698 Procedure for transfer of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14449730 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8420698 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8420698 (1) For the transfer of shares}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8420698  a form of trans
fer signed by the shareholder or the shareholder's agent or attorney must be delivered to the company.
\par (2) If a share certificate has been issued, the company must not register a transfer of shares unless the transfer form is accompanied by \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11287448 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8420698 (a) the share certificate relating to the shares; or
\par (b) the evidence as to its }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13107575 loss o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13107575  destruction and, if required, an }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid16411410 appropriate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13107575 indemnity}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16411410 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8420698 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8420698 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13107575 (3) Subject to subclause (4), the company must without delay on receiving a properly executed transfer form that complies with subclause (2) enter the name of the transferee in the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid8862395 share register as the holder of the shares.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13107575 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8862395 (4) If any amount is due and payable by the transferring shareholder to the company, the directors may, within 30 working days after receiving the transfer, resolve to refuse to register the transfer.
\par (5) If the directors resolve under subclause (4) to refuse to register a transfer, they must give the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6097586 transferor notice of the refusal within 5 working days after the date of the resolution.}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8862395 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6097586 (6) If shares to which a share certificate relates are to be transferred, and the share certificate is sent to the company to enable the registration o
f the transfer, the share certificate must be cancelled and no further share certificate issued except at the request of the transferee.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12156437 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12156437 Shareholders
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10573678 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11469961\charrsid10573678 12}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10573678 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11287448\charrsid10573678 Shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid593421 s}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\insrsid11287448\charrsid10573678  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11105711\charrsid10573678 entitled to receive dividends}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6097586\charrsid10573678 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx7710\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11105711 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 (1) The shareholders who are entit}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10573678 led to receive dividends are - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7305244 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid593421 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 (a) if the directors fix a date for this purpose, those shareholders whose names are registered in the register on that date; or 
\par {\listtext\tab}(b) if the directors do not fix a date, those shareholders whose names are registered in the share register on the day on which the dividend is approved.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx7710\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11105711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 (2) A date fixed under subclause (1)(a) must not be more than 30 working days before the date on which it is proposed to pay the dividend.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid593421 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11105711\charrsid593421 13.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid593421  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11105711\charrsid593421 Shareholders entitled to attend shareholder meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx7710\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11105711 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 (1) The shareholders who are entitled to receive }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid593421 notice of a meeting of shareholders are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 , - 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid275667 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 (a) if the directors fix a date for this purpose, those shareholders whose names are registered in the register on that date; or
\par (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid593421 if the directors do not fix a date, those shareholders whose names are registered in the share register at the close of business on the day immediately preceding the day on which the notice is given.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11105711 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx7710\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11105711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 (2) A date fixed under subclause (1)(a) must not be more than 30 working days before the date on which the meeting is to be held.
\par (3) Before a meeting of shareholders, the company may prepare a list of shareholders entitled to receive notice of the meeting that \endash  
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid275667 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 (a) is arranged in alphabetical order; and
\par (b) shows the number of shares held by each shareholder, - 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid275667 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 (i) if a date has been fixed under subclause (1)(a), as at that date; or 
\par (ii) if no such date has been fixed, as at the close of business on the day immediately preceding the day on which notice is given.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx7710\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11105711 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 (4) A person (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9454125\charrsid9454125 P)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 
 named in a list prepared under subsection (3) is entitled to attend the meeting and vote in respect of the shares shown}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16385786  opposite P's name in person or by proxy, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid593421 except}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16385786  to the extent that \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9454125 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid275667 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16385786 (a) P has, since the date on which the shareholders entitled to r
eceive notice of the meeting were determined, transferred any of P's shares to some other person; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7824572 (b) the transferee of those shares has \endash  
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid275667 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7824572 (i) been registered as the holder of the shares; and 
\par (ii) requested, before the commencement of the meeting, that the transferee's }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid275667 name be entered on the list prepared under subclause (3).}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7824572 
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid275667 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid275667 (5) A shareholder may, on giving notice of not less than 2 working days, examine any list prepared under subclause (3) during normal business hours at the registered office of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid593421 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid593421 14. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid275667\charrsid593421 Dividends

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid275667 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid275667 
Subject to compliance with the solvency test and the terms of issue of any shares, the company may pay a dividend to shareholders \endash  
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid593421 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid275667 (a) of the same amount in respect of each share of the same class, if the payment of the dividend }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10894965 
is authorised by the directors; or }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid275667 
\par {\listtext\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10894965 (b) on any other basis, with the prior approval of all shareholders.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid593421 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid593421\charrsid593421 15. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid593421 Distributions}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10894965\charrsid593421  to shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid593421 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
No dividend or other distribution by the company bears interest unless the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 applicable terms of issue of a share
 expressly provide for interest to be paid.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A dividend or other distribution that is unclaimed for 1 year after the due date for payment may be invested or otherwise applied by the directors for the benefit of the company until claimed.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The company
 is entitled to mingle an unclaimed distribution with other money of the company and is not required to hold it or treat it as being impressed with a trust but, subject to compliance with the solvency test, must pay the distribution to the person producin
g evidence satisfactory to the directors of entitlement to receive it.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Company acquisition of its own shares, etc
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid593421 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11671519\charrsid593421 16.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid593421  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid593421 Company may acquire its own shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid593421 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Subject to compliance with the solvency test, the company may agree to acquire}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 it}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid593421 
s own shares from a shareholder -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
pursuant to an offer to acquire shares made to all holders of shares of the same class that would, if accepted by all persons to whom the offer is made, leave unaffected relative voting and distribution rights; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 on any other basis, with the prior approval of shareholders by special resolution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid593421 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If the company acquires its own shares, those s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 hares are cancelled immediately }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 on acquisition.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 17.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6684807  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 Company may provide financial assistance for purchase of its own shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
The company may, in accordance with section 44 of the Act, provide financial assistance to a person for the purpose of, or in connection with, the purchase of a share issued or to be issued by the company.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Part 3}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Compulsory acquisition of shares
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6684807 18. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 Notice of compulsory acquisition of minority holdings
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A shareholder who holds not less than 90% of the voting shares of the company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid6684807 majority shareholder}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 ) may give a notice (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 purchase notice}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 ) to the other holders of voting shares (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 minority shareholders}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
) that complies with clause 20, requiring the minority shareholders to sell their voting shares to the majority shareholder.
\par (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807  majority shareholder must also -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 give the purchase notice to the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 give public notice that the purchase notice has been given.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6684807 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The majority shareholder may give a purch}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ase notice at any time within 6 }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 months after the majority shareholder first becomes interested in not less than 90% of the voting shares of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6684807\charrsid6684807 19. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid6684807 Price for voting share
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
The majority shareholder must pay a price for each voting share tha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 t is -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
equal to the highest price paid for a voting share by that majority shareholder in an arm's length sale and purchase of those shares during the 6-month perio
d ending on the date on which the majority shareholder first became interested in not less than 90% of the voting shares; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 if the majority shareholder so elects, a price to be fixed by an independent arbitrator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6684807 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The majority shareholder must request the direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 tors of the company to nominate }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 an independent arbitrator if subclause (1)(b) applies.
\par (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If the directors fail to do so within 10 working days after receiving a request}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 under subclause (2), the majority shareholder may nominate an arbitrator.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6684807 20. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 
Requirements for purchase notice (price already determined)
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
This clause applies if the price is determined under clause 19(1)(a).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 The purchase notice must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the name of the majority shareholder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the date on which the majority shareholder first became interested in not less than 90% of the voting shares; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the price to be paid for each voting share; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify a date (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid11671519 transfer date}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 ) not less than 20 working days after the date of the purchase notice on which the price will be paid and the shares acquired by the majority shareholder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
advise the minority shareholder that no payment will be made to the shareholder until any share certificate issued in respect of the voting shares has been delivered to the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 require the minority shareholder to specify the method of payment of the price; and
\par (g) advise the minority shareholder that payment may be made by cheque to be collected from the company at a specified address, or posted to a postal address specified by the shareholder, and may provide for other payment options.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The majority shareholder must certify that the price accords with th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 e requirements of clause 19(1)(a}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7160700 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The date for holding the arbitration must not be less
 than 60 working days after the date on which the purchase notice is given to the minority shareholders.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6684807 21. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 
Requirements for purchase notice (price to be fixed by arbitrator)
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
This clause applies if the price is to be fixed under clause 19(1)(b) by an arbitrator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The purchase notice must specify}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6684807  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the name of the majority shareholder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the date on which the majority shareholder first became interested in not less than 90% of the voting shares; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the name of the arbitrator and the date and place at which the arbitration is to be held; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the rights of the minority shareholders under clause 22.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6684807\charrsid6684807 22. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 Court appointment of arbitrator
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
This clause and clauses 23 and 24 apply if the p}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 urchase price is to be fixed by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 an arbitrator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If any minority shareholder considers that the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  arbitrator nominated under the }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 purchase notic
e is not suitably qualified or is not independent, the minority shareholder may give notice to the company within 10 working days requiring the company to apply to the Court for the appointment of another person as arbitrator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If the company receives a notice under subcl}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ause (2), it must without delay }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 apply to the Court for the appointment of an arbitrator.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 In this clause, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 Court}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102  means the High Court of the Cook Islands.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6684807 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6684807 23. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6684807 
Conduct of arbitration
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Each minority shareholder is entitled to attend the arbitration and to be heard,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
in person or by a representative (who may, but need not, be a legal practitioner or a chartered accountant).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The arbitrator must expeditiously determine a fair and reasonable price per share}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 for the shares to be acquired.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The price must not include any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11759980  discount or premium to reflect -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the size of the parcels of shares to be acquired; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the circumstances of the acquisition.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The costs of the arbitration must be paid by the majority shareholder.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11759980 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid11759980 24.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11759980  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid11759980 Notice of determination of price by arbitrator
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Within 10 working days after the date of the arbitrator's determination of the price, the company must give a notice to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11759980  each minority shareholder that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 advises the shareholder of the price determined by the arbitrator; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specifies a date (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid11759980 transfer date}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 ) not less than 20 working days after the date of the notice on which the price will be paid and the shares acquired by the majority shareholder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 advises the minority shareholder that no payment wil
l be made to the shareholder until any share certificate issued in respect of the voting shares has been delivered to the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 requires the minority shareholder to specify the method of payment of the price; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 advises the minority shareho
lder that payment may be made by cheque to be collected from the company at a specified address, or posted to a postal address specified by the shareholder, and may provide for other payment options.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid598657\charrsid598657 25. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 Requirements on transfer date
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
On the transfer date}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
the majority shareholder must pay (in cleared funds) the full amount of the price for all voting shares held by minority shareholders to the company to be held on trust by the company for the benefit of those shareholders; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
all voting shares held by minority shareholders are deemed to be transferred to the majority shareholder on payment to the company in accordance with paragraph (a); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the company must register the majority shareholder as the holder of those shares 
despite any outstanding share certificates in respect of those shares.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Subject to subclause (5), within 5 working days after the transfer date the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 company must pay each minority shareholder the price for that shareholder's voting shares, by the method specified by the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If the shareholder has specified that a cheque will be collected from the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 company by that shareholder, the cheque must be held ready for collection from that date.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If the company fails to make a payment, or to ma}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ke it available for collection, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
the company must pay interest to the shareholder from the due date to the date on which the payment is made, or is made available for collection, at the rate of 15% per annum, accruing daily and compounding monthly.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If a share certificate has been issued in respect of voting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 shares held by a }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 minority shareholder, no payment may be made to that minority shareholder until the minority shar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 eholder delivers to the company -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the share certificate; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 evidence as to its loss or destruction and, if required, an appropriate indemnity.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid598657 Part 4 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Exit rights
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid598657 26. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 When exit rights apply
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Subject to subclause (2), clauses 27 to 32 apply to a shareholder (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid2623307 acquirer}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 )}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 who -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 makes an acquisition (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid2623307 acquisition}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 ) of an interest in the voting shares in the company (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid2623307 voting shares}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 ); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 before the acquisition had an interest in less than 50% of the voting shares; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 after the acquisition has an interest in 50% or more of the voting shares.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid8337756 However, clauses}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102  27 to 42 do not apply to an acquirer if the acquirer is exempted}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 by a special resolution of hold}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 ers of voting shares other than -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 voting shares in which the acquirer is interested; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 voting shares in which any other person is interested who is interested in not less than 50% of the voting shares.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid598657 27. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 Acquirer must give notice to company
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
An acquirer must, within 10 working days of first becoming a shareholder to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
which this clause applies, give notice to the company that complies with subclause (2).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 The notice must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
advise the company that the acquirer is a shareholder to whom this clause applies; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 identify the holders of all voting shares in which the acquirer is interested and the number of voting shares that each
 holds in which the acquirer is interested; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 offer to purchase all voting shares in which the acquirer is not interested (the remaining shares); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 contain the information set out in subclause (3); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify in accordance with clause 28 the terms on which the acquirer offers to purchase the remaining shares; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 be accompanied by an independent report that complies with clause 29; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 be dated; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 be signed by the acquirer or, if the acquirer is a corporate body, a director of the acquirer.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 The notice must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
specify the highest price paid for any voting shares in the company by the acquirer, or by any person holding shares in which the acquirer is interested, from the date of 6 months befor
e the date on which the acquirer first became a person to whom this clause applies up to the date of the notice; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 if any voting shares in which the acquirer is interested were acquired during this period for a non-cash consideration, describe that c
onsideration and state an assessment of the cash value to which that consideration corresponds; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the rights of the remaining shareholders under clause 31.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid598657 28. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 Terms of purchase of remaining shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 The notice must -}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the consid
eration offered by the acquirer for each remaining share, which may, but need not, be a cash consideration; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 specify the date (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 transfer date}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 ) on which the acquirer will provide the consideration for any remaining shares in respect of which the offer is accepted.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The transfer date must not be less than 20 working days nor more than 40}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 working days from the date on which the notice is given to the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657 29. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 
Independent report
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A notice given under clause 27 must }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 be accompanied by a report that -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
is made by an independent, appropriately qualified person previously approved by the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 complies with subclause (2).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The report must confirm that the consideration o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ffered is a fair and reasonable }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 consideration for a voting share in the company, without any discount or premium to reflect the size of the parcels of shares to be acquired or the circumstances of the acquisition.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657 30. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 
Notice to holders of remaining shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Within 10 working days of receiving a no}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid858591 tice given under clause 27, the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 company must forward the notice to all holders of remaining shares.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The notice forwarded to holders of remaining shar}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 es may, but need not, be }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid598657 accompanied by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 additional information provided by the directors in relation to the offer:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 a recommendation by the directors as whether or not the offer should be accepted.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Without delay after forwarding the notice, the compan}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 y must give public notice }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 of the notice.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657 31. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 
Rights of holder of remaining shares
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A shareholder to whom notice is given under clause 30}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 \_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 is not required to accept the offer:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
may accept the offer by notice in writing to the company within 20 working days after the date on which the notice was given to the shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If a shareholder gives notice accepting an off}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 er in accordance with subclause }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 (1)(b), there is concluded a contract between the acquirer and the shareholder for the purchase by the acquirer of the remaining shares held by that shareholder on the specified 
transfer date and for the specified consideration.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657 32. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 
Acquirer's failure to give notice precludes exercise of voting rights
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If a shareholder to whom this clause applies fails to give the notice required under clause 27 within the time specified by tha
t clause, no voting rights may be exercised in respect of any shares in which the acquirer is interested until the notice has been given.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If a person who is not a shareholder becomes interested in 40% or more of the voting shares of the company, no vot
ing rights may be exercised in respect of any shares in which that person i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 s interested unless that person -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 is exempted by a special resolution under clause 26(2); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 undertakes to the company to make an offer as if that person were an acquirer, and complies with that undertaking.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid598657 Part 5 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Shareholder meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid598657 33. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 Shareholder meetings
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Clauses 34 to 47 set out the procedure for meetings of shareholders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid9063191 ) A meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
 of shareholders may determine its own procedure to the extent that it is not governed by these provisions.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657\charrsid598657 34. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid598657 Notice of meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A company must given written notice of a meeting of shareholders to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657  -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 every shareholder entitled to receive notice of the meeting; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 every director; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the auditor, if any.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid598657 (2) The notice must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 be given not less than 10 working days before the meeting; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 set out}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 \_
\par {\listtext\tab}}\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\ilvl1\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid598657 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the nature of the business to be transacted at the meeting in enough detail to }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid598657 enable a shareholder to make a reasoned judgment in relation to it; and
\par {\listtext\tab}(ii) the text of any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102  special resolution to be submitted to the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If a meeting of shareholders is adjourned for less than 30 working days, it is not}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 necessary to give notice of the time and place of the adjourned meeting other than by announcement at the meeting that it is adjourned.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid598657 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 35.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid598657  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid598657 Irregularity in notice or accidental omission of notice
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
An irregularity in a notice of me}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid598657 eting is waived if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 all the shareholders entitled to attend and vote at the meeting attend t
he meeting without protest as to the irregularity; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 all those shareholders agree to the waiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14906717 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 An accidental omission to give notice of a meeting to a shareholder, or a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 shareholder's failure to receive notice of a meeting, does not invalidate the proceedings at the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14906717 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14906717 36. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid14906717 
Methods of holding meetings
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A meeting of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519 shareholders may be held either - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
by a number of shareholders, who constitute a quorum, being assembled together at the place, date, and time appointed for the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
by means of audio, or audio and visual communication by which all shareholders participating and constituting a quorum may simultaneously hear each other throughout the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14906717 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid14906717 37. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid14906717 Quorum
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Subject to subclause (3), no business may be transacted at a meeting of shareholders if a quorum is not present.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A quorum for a meeting of shareholders is present if shareholders or their proxies are present who are between them able to exercise a majority of the votes of the votes to be cast on the business to be transacted at the meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If a quorum is not present within 30 minutes after the time appointed for the meeting, the meeting is adjourned to the same day in the following week at the same time or place, or to such other date, time, and place as the directors may appoint.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If, at the adjourned meeting, a quorum is not present within 30 minutes after the time appointed for the meeting, the shareholders present or their proxies are a quorum.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14906717 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14906717 38. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid14906717 
Chairperson
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If the directors have elected a chairperson of the directors, and that person is present at a meeting of shareholders, he or she must chair the meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If there is no chairperson of directors or if the chairperson of directors is not present within 15 minutes after the time appointed for th
e commencement of the meeting, the shareholders present may choose 1 of themselves to chair the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14906717 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14906717\charrsid14906717 39. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid14906717 Voting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
Unless a poll is demanded, voting at a meeting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 of shareholders must take place }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14906717 by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 voting by voice or show of hands, whichever the chairperson determines; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 if the meeting is held by audio or audio and visual communication, by shareholders signifying their assent or dissent by voice.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A declaration by the chairperson of the meeting that a resolution is carried by}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 the requisite majority is conclusive evidence of that fact unless a poll is demanded in accordance with clause 40.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The chairperson of a shareholders' meeting does not have a casting vote.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14906717 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid14906717\charrsid14906717 40. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid11671519\charrsid14906717 Poll
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10254363 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
At a meeting of shareho}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10254363 lders a poll may be demanded by -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
not fewer than 5 shareholders having the right to vote on the question at the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
a shareholder or shareholders representing not less than 10% of the total voting rights of all shareholders having the right to vote on the question at the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10254363 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A poll may be demanded either before or after a vote is taken on a resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10254363 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 If a poll is taken, votes must be counted according to the votes attached to the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 shares of each shareholder present and voting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10254363 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10254363 41. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid10254363 
Votes of joint shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If 2 or more persons are registered as the joint holders of a share, the vote of the person named first in the share register and voting on a matter must be accepted to the exclusion of the votes of the other joint holders.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10254363 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid10254363 42.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10254363  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid10254363 Proxies
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10254363 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A shareholder may exercise the right to vote ei}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ther by being present in person }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 or by proxy.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A proxy for a shareholder is entitled to attend and participate in a meeting of shareholders as if the proxy were a shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A proxy must be appointed by notice in writing signed by the shareholder.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The notice must state whether the appointment is for a particular meeting or for a specified term.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 No proxy is effective in relation to a meeting unless a notice of appointment is given to the company at least 24 hour
s before the start of the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10254363 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10254363 43. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid10254363 
Corporations may act by representatives
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A corporation that is a shareholder may appoi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 nt a representative to attend a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
meeting of shareholders on its behalf by notice in writing signed by a director or secretary of the corporation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The notice must state whether the appointment is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 for a particular meeting or for }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 a specified term.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10254363 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid10254363 44.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10254363\charrsid10254363  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid10254363 Postal votes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A shareholder may exercise the right to vote a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 t a meeting by casting a postal }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 vote in accordance with this clause.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The notice of a meeting at which shareholders are}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  entitled to cast a postal vote }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 must state the name of the person authorised by the directors to receive and count postal votes at that meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A shareholder may cast a postal vote on all or an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 y of the matters to be voted on }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 at the meeting by sending a notice of the manner in which the shareholder's shares are to be voted to a person authorised to receive and count postal votes at that meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A notice under subclause (3) must reach the pers}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 on authorised to receive it not }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 later than 48 hours before the start of the meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A shareholder who has submitted }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2378416 a postal vote on any resolution -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 may attend and speak at the meeting; but
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 must not vote on that resolution in person at the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid15497821 45. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid15497821 Duty of person authorised to receive and count postal votes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1000455 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If no person has been authorised to receive and c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 ount postal votes at a meeting, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
or if no person is named as being so authorised in the notice of meeting, every director is authorised to do so.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1000455 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The person authorised to receive and count}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1000455  postal votes at a meeting must -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (a) collect together all postal votes received by him or her or the company; and
\par (b) in relation to each resolution to be voted on at the meeting, count}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1000455  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 \_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
the number of shareholders voting in favour of the resolution and the number of votes cast by each shareholder in favour of the resolution; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the number of shareholders voting against the resolution and the number of votes cast by each shareholder against the resolution; and

\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (c) sign a certificate that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9532489  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11671519\charrsid4487102 \_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (i) certifies that he or she has carried out the duties set out in paragraphs (a) and (b); and
\par (ii) sets out the results of the counts required by paragraph (b); and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9532489 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9532489 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 (d) ensure that the certificate is given to the chairperson of the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9532489 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5115533\charrsid9532489 46.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid9532489  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid9532489 Duty of chairperson in relation to postal votes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
If a vote is taken at a meeting on a resolution }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 on which postal votes have been }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 cast, the ch}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9532489 
airperson of the meeting must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
on a vote by a show of hands, count each shareholder who has submitted a postal vote for or against the resolution; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 on a poll, count the votes cast by each shareholder who has submitted a postal vote for or against the resolution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6042609 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The chairperson must call for a poll on a resolution on which postal votes have}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11671519\charrsid4487102 been cast if the chairperson believes that on a poll the result may be different from that obtained on a show of hands.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6042609 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The chairperson must ensure that any certificate of postal votes is annexed to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 the minutes of the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609 47. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6042609 
Written resolution of shareholders
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
A resolution in writing signed by shareholders, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 who together hold not less than }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 75% of the 
votes entitled to be cast on that resolution at a meeting of shareholders, is as valid as if it had been passed at a meeting of those shareholders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Any such resolution may consist of several do}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 cuments (including fax or other }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 similar means of communication) in like form each signed or assented to by 1 or more shareholders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 The company need not hold an annual meeting if}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  everything required to be done }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 at that meeting (by resolution or otherwise) is done by resolution in accordance with subclause (1).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Within 5 working days of a resolution being }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 passed under subclause (1), the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 company must send a copy of the resolution to every shareholder who did not sign it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 A resolution may be signed under subclause (1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  without any prior notice being }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 given to the shareholders.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609 48. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11671519\charrsid6042609 
Minutes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11671519 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 
The directors must ensure that minutes are kept}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519  of all proceedings at meetings }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 of shareholders.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 Minutes that have been signed correct by the chairperson of the meetin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11671519 g are }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11671519\charrsid4487102 prima facie evidence of the proceedings at the meeting.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid6042609 Part 6 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid6042609 49. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid6042609 Number of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The minimum number of directors is 2.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The maximum number of directors is 10.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The shareholders may by ordinary resolut}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 ion vary the minimum or maximum }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 numbers of the directors.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3805792\charrsid6042609 50.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid6042609 Appointment and removal of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A director may be appointed or removed by ordinary resolution passed at a meeting called for the purpose, or by a written resolution in accordance with clause 47.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3805792\charrsid6042609 51.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid6042609 Term of office
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The resolution appointing a director may specify the period for which the director is to hold office.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A director appointed by resolution specifying the term of appointment ceases to hold office on the expiry of that term unless he or she is reappointed.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609 52. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid6042609 
When director vacates office
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\tx6090\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A direc}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6042609 
tor vacates office if he or she -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 is removed from office in accordance with clause 50; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 ceases to hold office under clause 51(2); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 resigns in accordance with sections 81 and 82 of the Act; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 becomes disqualified from being a director under section 75 of the Act; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 dies; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
is absent from 3 consecutive meetings of the directors without leave being granted by a resolution of directors, and the directors resolve that the director has vacated office.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3805792\charrsid6042609 53.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid6042609 Casual vacancies
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 T
he directors may appoint any person to be a director to fill a casual vacancy until the next annual meeting of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6042609 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid6042609\charrsid6042609 54. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid6042609 Delegation by directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The directors may delegate any of their powers that may be lawfully delegated to a committee of directors, or to a director or employee of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The directors must monitor, by means of reasonable methods properly used, the exercise of powers by any delegate.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The provisions of this constitution relating to proceedings of directors also appl
y to proceedings of any committee of directors, except to the extent that the directors determine otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3805792\charrsid15497821 55.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Indemnity and insurance
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
Subject to section 101 of the Act, the company may provide an indemnity or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 purchase insurance for a director of the company or a relat}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 ed company with the approval of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
the directors, but no director may vote on a resolution concerning an indemnity or insurance to be provided for him or her; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 the shareholders by ordinary resolution, but no director may vote on
 a resolution concerning an indemnity or insurance to be provided for him or her; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 all shareholders under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 In subclause (1), -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid4157162 director}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821  includes -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 

\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
a person referred to in section 96(1) of the Act (Extended meaning of director for purposes of liability); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 a former director
\par {\listtext\tab}}\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls12\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid4157162 indemnify}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
 includes relieve or exclude from liability, whether before or after the liability arises; and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 indemnity}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
 has a corresponding meaning.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3805792\charrsid15497821 56.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Remuneration of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Directors may receive remuneration and other benefits from t}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 he company with the approval of -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
the directors, but no director may vote on a resolution relating to remuneration or other benefits to be provided for him or her; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
the shareholders by ordinary resolution, but no director may vote on a resolution relating to remuneration or other benefits to be provided for him or her; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 ) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 all shareholders under section 62.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid15497821\charrsid15497821 57. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Use of company information
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
This clause authorises the use of company }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 information for the purposes of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 section 91(2)(a) of the Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A director may disclose, use, or a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 ct upon company information if -}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 such disclosure or use is authorised by any contract of employ
ment entered into between that director and the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 the relevant terms of the contract have been approved by the shareholders by ordinary resolution.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Disclosure of interests
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid15497821\charrsid15497821 58. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Directors' interests register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 (1) The company must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 maintain an interests register; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
permit any director or shareholder to inspect the interests register as if it were a company record which directors and shareholders are entitled to inspect under section 147 of the Act.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The annual report of the company must contain all entries made in the interests}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 register in the course of the accounting period to which the report relates.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821\charrsid15497821 59. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid15497821 Contents of interests register
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The directors must enter in the in}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15497821 terests register details of any -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 indemnity or insurance provided for a director under clause 55; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 details of any remuneration or other benefits provided to a director under clause 56; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 contract of employment to which clause 57(2)(a) relates; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 disclosure by a director under clause 60.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid15497821 60. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Disclosure of interest in company transaction
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A director who is in any way, directly or indirectly, materially interested in a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
transaction or proposed transaction with the company, must within 10 working days after }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15497821 becoming aware of that interest -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 disclose that interest in writing to the directors; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 ensure that the details of that disclosure are entered in the interests register.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A director may disclose to the other directors, and enter in the interests register,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 a general disclosure that the director is a director or employee or shareholder of another company, or is otherwise associated with another company or another person.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Disclosure under subclause (2) is disclosure of the director's interest in any}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 transaction entered into with that other company or person for the purpose of subclause (1).
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Directors' meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid3805792\charrsid15497821 61.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821\charrsid15497821  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 Procedure at meetings of directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
Clauses 62 to 68 set out the procedure to be followed at meetings of directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Subject to subclause (1), a meeting of directors may deter}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 mine its own }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 procedure.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821 62. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 
Chairperson
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The directors may elect 1 of their number as c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 hairperson of directors and may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 determine the period for which the chairperson is to hold office.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 If no chairperson is elected, or if at a meeting of directors the chairp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 erson is not }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 present within 5 minutes after the time appointed for the commencement of the meeting, the directors present may choose 1 of their number to be the chairperson of the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15497821 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid15497821 63. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid15497821 
Notice of meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A director or, on the request of a director, an employee may convene a meeting of directors by giving notice in accordance with this clause.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Not less than 24 hours' notice of a meeting of directors must be given to every direct
or who is in the Cook Islands or who may be readily contacted outside the Cook Islands.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 An irregularity in the n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199 otice of a meeting is waived if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
all directors entitled to receive notice of the meeting attend the meeting without protest as to the irregularity; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 all directors entitled to receive notice of the meeting agree to the waiver.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5600199 64. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 Methods of holding meeting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A meeting }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199 
of directors may be held either -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 by a number of the directors who constitute a quorum being assembled together at
 the place, date, and time appointed for the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
by means of audio, or audio and visual, communication by which all directors participating and constituting a quorum may simultaneously hear each other throughout the meeting.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 65. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 Quorum
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A quorum}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199  for a meeting of directors is, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 if there are 2 directors, both directors:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 if there are more than 2 directors, a majority of the directors.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 No business may be transacted at a meeting of directors unless a quorum is}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5115533\charrsid4487102 present.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid3805792\charrsid5600199 66.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5600199\charrsid5600199  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 Voting
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
Each director has 1 vote.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The chairperson has a casting vote.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A resolutio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199 n of the directors is passed if -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 it is agreed to by all directors present without dissent; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 a majority of the votes cast are in favour.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A director present at a meeting is presumed to ha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 ve agreed to, and to have voted }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5115533\charrsid4487102 in favour of a resolution of the directors unless he or she expressly dissents from or votes against the resolution at the meeting.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 67. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid5600199 Minutes
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The directors 
must ensure that minutes are kept of all proceedings at meetings of directors.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 68. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid5600199 Unanimous resolution
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A resolution in writing signed or assented to b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 y all directors is as valid and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
effective as if it had been passed at a meeting of the directors duly convened and held.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Any such resolution may consist of several do}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 cuments (including fax or other }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 similar means of communication) in like form, each signed or assented to by 1 or more directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A copy of any such resolution must be entered in the minute book of the directors' meetings.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \i\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Managing director
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 69. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 Directors may appoint managing director
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The directors may, from time to time, appoint a director of the company as managing director for such period and on such terms as they think fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Subject to the terms of a managing director's app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 ointment, the directors may, at }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 any time, cancel the appointment of a director as managing director.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 A director who holds office as managing director ceases to hold office as managing director if he or sh
e ceases to be a director of the company.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 70. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid5600199 Delegation to managing director
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The directors may delegate to the managing director, subject to any conditions or restrictions that they consider appropriate, any of their powers that may be lawfully delegated.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The directors may at any time withdraw or vary the delegation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The delegation of a power of the directors to the managing director does not prevent the exercise of the power by the directors, unless the terms of the delegation expressly provide otherwise.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5600199 71. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 
Remuneration of managing director and executive directors
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The managing director may be paid such remuneration as he or she may agree with the directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
A director (other than the managing director) who is employed by the company may be paid such remuneration as may be agreed between that director and the other directors.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
Remuneration payable under this clause may be paid by way of salary, commission, participation in profits, or any combination of those methods, or any other method of fixing remuneration.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5600199 Part 7 - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 Liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 72. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5115533\charrsid5600199 Resolution to appoint liquidator
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The shareholders may resolve to appoint a liquidator by special resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The directors may resolve to appoint a liqui}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 dator if they consider that the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 company is unable to meet its debts as they become due in the normal course of business.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid5600199\charrsid5600199 73. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid5115533\charrsid5600199 Distribution of surplus assets
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5115533 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
The surplus assets of the company available for dis}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 tribution to shareholders after }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
all creditors of the company have been paid must be distributed in proportion to the number of shares held by each shareholder, subject to the terms of issue of any shares.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 The liquidator may, with the approval of a spe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 cial resolution, distribute the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 surplus assets of the company among the shareholders in kind}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 For the purposes of su}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5600199 bclause (2), the liquidator may -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5115533\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5115533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 set such value as he or she considers fair on the property to be distributed; and

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5115533\charrsid4487102 determine how the division of the property will be carried out as between shareholders or different classes of shareholders.
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\sb600\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5600199 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 5
\par }\pard \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13587560 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Procedure for minority buy-out
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 1. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 Buy-out notice
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13587560 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A shareholder (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 S}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) who is entitled to require the company to buy S's shares under section 65 may give the company a buy-out notice }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid11690676 (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3214348 buy-out notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) requiring it to do so.

\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 2. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Time for giving buy-out notice
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13587560 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 S must give the buy-out notice, -}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if the resolution triggering the buy-out right was passed at a meeting of shareholders, within 10 working days after the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the resolution was passed in lieu of a meeting, within 10 working days of the date on which the company gave notice 
of the resolution to S.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 3. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 How company must respond to buy-out notice
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13587560 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Within 20 working days after receiving the b}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11690676 uy-out notice, the company must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 (a) do 1 of the following -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 agree to buy the shares; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 arrange for some other person to buy them; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 arrange for the shareholders' resolution triggering the buy-out to be rescinded; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 decide not to take the action concerned; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) give S written notice of the decision (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3214348 decision notice}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 4. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 Decision notice must nominate buy-out date and price
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the company agrees to buy the shares, th}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 e decision notice must nominate -}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the buy-out date; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the buy-out price.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11690676 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The buy-out date must not be earlier than 10 working days, nor later than 20}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 working days, after the company gives S the decision notice.
\par (3)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The buy-out price must be fair and reasonable, that is, a fair and reasonable price}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for a share in the company as at the buy-out date, disregarding}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560  - }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13587560 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any premium or discount in respect of the number of shares to be bought; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the fact that the shares are being bought under section 65; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13587560 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the effect or likely effect on the company and the value of its shares of the resolution triggering the buy-out right.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 5. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 Transfer of shares on buy-out date if no objection
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12058703 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Unless S objects to the nominated buy}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid11690676 -out price, on the buy-out date -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12058703 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12058703 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the shares are transferred to the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12058703 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to compliance with the solvency test, the company must pay the nominated buy-out price.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 6. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 Objection to nominated buy-out price
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12058703 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12058703 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
S may object that the nominated buy-out price is not fair and reasonable by giving the company a notice of objection (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3214348 objection notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12058703 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 S must give the objection notice to the company within 10 working days after the company gives S the decision notice.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12058703 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 The company must -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12058703 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
on the nominated buy-out date, pay S a provisional price for each share that is the nominated buy-out price; and
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 refer the question of what is a fair and reasonable price for determination by an expert in accordance with clause 7.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 7. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid11690676 Company must nominate expert to determine buy-out price
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Within 10 working days after receiving the objection notice, the company must give S a notice (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3214348 nomination notice}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
) nominating an independent expert to determine the buy-out price.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
If S does not object to the expert nominated, that person must as expeditiously as possible determine a fair and reasonable price for the shares.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 8. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Objection to nominated expert
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
S may object to the nominated exper}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 t on the grounds that he or she -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is not independent; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 does not have the appropriate expertise.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11690676 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 To object to the nominated expert, S must give the company a notice within 10}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 working days after receiving the nomination notice.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 9. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Court must appoint expert in case of objection
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
If S objects to the nominated expert, the comp}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 any must without delay apply to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court for an order appointing an expert.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676 (2) The Court may appoint -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the nominated expert; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an expert nominated by S; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other independent person with the appropriate expertise as the Court thinks fit.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11690676 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On appointment by the Court, the person appointed must as expeditiously as}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 possible }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317\charrsid4487102 determine}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  a fair and reasonable price for the shares.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid15486087  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 10. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Expert's determination of buy-out price is final
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The expert's determination is final and is made by the expert as an expert, not as an arbitrator.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 11. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Adjustment for provisional buy-out price
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11690676  price determined by the expert -}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) exceeds the provisional buy-out price alr
eady paid, the company must, subject to satisfying the solvency test, without delay pay the balance owing to S:
\par (a) is less than the provisional buy-out price already paid, the company may recover the excess paid from the shareholder.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9335317 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9335317 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The expert may award interest on any balance payable or excess to be repaid at}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9335317  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the rate that he or she thinks fit.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 12. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Purchase of shares by third party
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Clauses 4 to 11 apply, with all necessary modifications, to a buy-out by a third party arranged by the company as if references in those clauses were references to the third party.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The company indemnifies a shareholder whose shares are bought by a third party arranged by the company in respect of any loss suffered because of the third party's failure to buy the shar
es or to buy them at the nominated price or the price determined by an expert, as the case may be.
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid11690676\charrsid11690676 13. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid11690676 Inability of company to pay buy-out price
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Section 33 applies to the purchase of shares under this Schedule as if there were a contract between the shareholder and the company for the purchase of the shares in accordance with this Schedule.
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\sb600\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11690676 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid2504719 Schedule 6}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2504719  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Amalgamations
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Companies may amalgamate
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Two or more companies may amalgamate, and continue as 1 company, in accordance with this Schedule.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of proposed amalgamation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1) Each amalgamating company must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
send a copy of the amalgamation proposal to every secured creditor of the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 give public notice of the proposed amalgamation that complies with clause 3.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5855266 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The steps set out in subclause (1) must be taken}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266  not less than 20 working clays }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 before the amalgamation is proposed to take effect.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Content of public notice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The public notice required under clause 2(1)(b) must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) state that any shareholder or creditor of an amalgamating company 
or any person to whom an amalgamating company is under an obligation\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 may inspect the amalgamation proposal; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is entitled to be supplied on request with a free copy of the amalgamation proposal; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(b) state that inspection of the amalgamation proposal is available at the registered offices of the amalgamating companies and any other specified places, during normal business hours.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registration of amalgamation proposal
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For amalgamation, the following documents must be delivered to the Registrar for registration\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5855266 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the amalgamation proposal:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in respect of each amalgamating company, a certificate signed by the directors certifying that the amalgamation proposal has been approved in accordance with this Act and the company's constitution:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a consent to be a director of the amalgamated company that is
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3935950 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3935950 (i)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5855266  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3935950 (ii)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
signed by each person named in the amalgamation proposal as a director of the amalgamated company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Certificate of amalgamation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4787078 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without delay after receiving the documents speci}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 fied in clause 4, the Registrar }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 must issue a certificate of amalgamation in the prescribed form.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the amalgamation proposal specifies a date on which }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 the amalgamation is }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 intended
 to become effective, the certificate of amalgamation must be expressed to have effect on the specified date, and it does not matter that the Registrar has received the documents on or before that date.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of certificate of amalgamation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the date shown in a certificate of amalgamation,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the amalgamation is effective; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to section 11 (Name of company), the amalgamated company has the name specified in the amalgamation proposal; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the amalgamated company is entitled to all of the property, rights, powers,
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 and privileges of each of the amalgamating companies; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the amalgamated company is subject to all the liabilities and obligations of each of the amalgamating companies; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any proceeding already commenced by, or against, an amalgamating company may be continued by, or against, the amalgamated company; and

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a conviction, ruling, order or judgment in favour of or against, an amalgamating company may be enforced by or against the amalgamated company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any provisions of the amalgamation proposal that provide for the conversion of shares or rights of shareholders in the amalgamating companies have effect as proposed.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Registers
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4787078 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Registrar of Land Titles or any other person with the f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 unction of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
maintaining books or records, is not obliged, solely because an amalgamation becomes effective, to change the name of an amalgamating company to that of an amalgamated company in those books or register or in any documents.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An instrument (whether or not it is an instrument }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 of transfer) is, in the absence }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of evidence to the contrary, sufficient evidence that the property to which it relates (}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid1184868 the property}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 ) has become the property of an amalgamated company if the instrument\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is executed or purports to be executed by the amalgamated company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 relates to property that was held immediately before the amalgamation by an amalgamating company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4787078 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 states that the property has become the property of the amalgamated company by virtue of this Schedule.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Certificate by amalgamated company as to property
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab Without limiting clause 7, this clause applies if\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4787078 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
any security issued by a person (an issuer) or any rights or interests in property of any person (an owner) become, by virtue of this Schedule, the property of an amalgamated company; and
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9243286 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 there is presented to the issuer or owner a certificate signed on behalf of the amalgamated company stating that the security or the rights or interests have, by virtue of this Schedule, become the property 
of the amalgamated company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9243286 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)\tab On presentation of the certificate referred to in subclause (1)(b), the issuer or}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the owner, as the case may be, must register the amalgamated company as the holder of the security or as the person entitled to the rights or interests in the property.
\par (3)\tab Subclause (2) has effect despite any other enactment or rule of law or the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 provisions of any instrument.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 No derogation from provisions of enactment}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286  relating to transfer of estate }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 or interest in land
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9243286 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except as expressly provided, nothing in this Schedule derogates from the provisions of any enactment relating to the transfer of an estate or interest in land.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls14\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Power of Court in relation to amalgamations
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9243286 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab A shareholder or creditor of an amalgamating company, or a person to whom}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an amalgamating company is under an obligation, may apply to the Court for an order under subclause (2) on the ground that giving effect to the amalgamation proposal would unfairly prejudice the applicant.
\par (2)\tab On an application under subclause (I), the Court may make an order\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9243286 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 directing that effect must not be given to the proposal; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 modifying the proposal in the manner specified in the order; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9243286 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 directing the company or its directors to reconsider the proposal or any part of it.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15237071 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (3)\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid10639564 An order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  under subclause (2) may be made o}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid15237071 n any conditions that the Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 thinks fit.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ss 191,192, 193, 228
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 7
\par Meetings of creditors
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 1\emdash Provisions that apply to meeting of creditors generally
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Methods of holding meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A meeting of creditors may be held\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by assembling together those creditors entitled to take part who choose to attend at the place, date, and time appointed for the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by means of audio, or audio and visual, communication by which all cred
itors participating can simultaneously hear each other throughout the meeting; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by conducting a postal ballot in accordance with clause 7 of those creditors entitled to take part.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice of meeting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At least 5 working days before a creditors meeting, written notice must be sent to every creditor entitled to attend and to any liquidator of\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the time and place of the meeting if it is to be held under clause 1(a); or
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the time and method of communication for the meeting if it is to be held under clause 1(b); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the time and address for the return of voting papers if it is to be held under clause 1(e).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Contents of notice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The notice of meeting must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) state the nature of the business to be transacted at the meeting in sufficient detail to en
able a creditor to form a reasoned judgment in relation to it; and
\par (b) set out the text of any resolution to be submitted to the meeting; and
\par (c) include a voting paper in respect of each resolution and voting and mailing instructions; and
\par (d) state that, if a creditor votes by casting a postal vote in respect of a resolution that is to be submitted to the meeting and a different resolution is submitted to the meeting,\emdash 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor's postal vote is invalid in respect of that different resolution; but

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10639564 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor may vote, in respect of that different resolution, either by being present in person or by proxy; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (e) state the name of the person authorised to receive and count postal votes in relation to the meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of irregularity, etc, in notice
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An irregularity in the notice of a meeting of creditors, or failure to receive the notice, does not invalidate anything done by the meeting if\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10639564 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the irregularity or failure is not material; or
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid7081781 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 all the creditors entitled to attend and vote at the meeting attend without protest to the irregularity or failure; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all those creditors agree to waive the irregularity or failure.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Adjournment of meeting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7081781 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the meeting of creditors agrees, the chairperson may adjourn the meeting from time to time and from place to place.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An adjourned meeting must be held in the same place unless another place is specified in the resolution for the adjournment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a meeting of creditors held under 
clause 1(a) or (b) is adjourned for less than 30 days, it is not necessary to give notice of the time and place of the adjourned meeting other than by announcement at the meeting that it is adjourned.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Chairperson
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab The chairperson of a meeting held under clause 1(a) or (b) is\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator, if appointed and present; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator's nominee, if appointed and present.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid7081781 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the liquidator or his or her nominee is not present, or there is no liquidator acting, the credi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid1184868 
tors participating must choose 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  of their number to be chairperson.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
For a meeting held under clause 1(c), the person convening the meeting must do everything necessary that would otherwise be done by the person chairing a meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Quorum
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab A quorum for a meeting of creditors is present when\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid7081781 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
3 creditors who are entitled to vote or their proxies are present or have cast postal votes; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7081781 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if the number of creditors entitled to vote is 3 or less, the creditors who are entitled to vote or their proxies are present or 
have cast postal votes.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2713376 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)\tab If a quorum is not present within 30 minutes after the time appointed for the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2713376  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
meeting, the meeting is adjourned to the same day in the following week at the same time and place, or to such other date, time, and place as the chai
rperson may appoint, and if, at the adjourned meeting, a quorum is not present within 30 minutes after the time appointed for the meeting, the creditors present or their proxies are a quorum.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Voting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2713376 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid2713376 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At any meeting of creditors or a class of creditors
, other than a meeting to approve a compromise under section 193, a resolution is adopted if a majority in number and value of the creditors or class of creditors vote in favour of the resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2713376 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 At any meeting of creditors or a class of creditors for
 the purpose of approving a compromise under section 193, a resolution is adopted if a majority in number representing 75% of the value of the creditors or class of creditors vote in favour of the resolution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2713376 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor chairing the meeting does not have a casting vote.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Proxies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9726195 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor may vote either by being present in person or by proxy.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A proxy for a creditor is entitled to attend and speak at a meeting of creditors as if the proxy were the creditor.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 A creditor may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  appoint any person, including the liquidator, to act as the creditor's proxy.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A proxy must be appointed by notice in writing signed by the creditor and the notice must state whether the appointment is for a particular meeting or a specified term (which must not exceed 12 months).
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
No proxy is effective in relation to a meeting unless, not less than 2 working days before the meeting, a copy of the notice of appointment is delivered to the liquidator or, if there is no liquidator acting, to the person
 who gave the notice convening the meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Postal votes
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor entitled to vote at a meeting of creditors held under clause 1(a), (b),}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 or (c) may vote by casting a postal vote in relation to a matter to be decided at the meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a creditor votes by casting a postal vote in respec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 t of a resolution that is to be }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 submitted to the meeting and a different resolution is submitted to the meeting,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor's postal vote is invalid in respect of that different resolution; but

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor may vote, in respect of that different resolution, either by being present in person or by proxy.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor may cast a postal vote on all or any o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 f the matters to be voted on at }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the meeting by sending a marked voting paper to a person authorised
 to receive and count postal votes in relation to that meeting, so as to reach that person not less than 2 working days before the start of the meeting or, if the meeting is held under clause 1(e), not later than the date named for the return of the votin
g paper.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If no person has been authorised to receive and co}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 unt postal votes in relation to }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a meeting, or if no person is named as being so authorised in the notice of the meeting, every director or, if the company is in liquidation, the liquidator, is deemed to be so authorised.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a vote is taken at a meeting held under clause 1(a) or (b) on a resolution on}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 which postal votes have been cast, the person chairing the meeting must include the results of voting by all creditors who have sent in a voting
 paper duly marked as for or against the resolution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Duty of person authorised to receive and count postal votes
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person authorised to receive and count postal votes in relation to a meeting}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 collect together all postal votes received by him or her; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9726195 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in relation to each resolution to be voted on\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(i) count the number of creditors or creditors belonging to a class of creditors, as the case may be, voting in favour of the resolution and}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
determine the total amount of the debts owed by the company to those creditors; and
\par (ii) count the number of creditors or creditors belonging to a class of creditors, as the case may be, voting against the resolution and determine the total amount of the debts owed by the company to those creditors; and
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) sign a certificate\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
certifying that he or she has carried out the duties set out in paragraphs (a) and (b); and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 stating results of the counts and determinations required by paragraph (b); and
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9726195 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (d) ensure that the certificate required by paragraph (c) is presented to the person chairing or convening the meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A certificate given under subclause (1)(c) must be annexed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396  to the minutes of the }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Record of attendance and minutes
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab The chairperson of a meeting of creditors or, if the meeting is held under clause}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
1(c), the person convening the meeting must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) ensure that an accurate record is kept of all creditors present or represented at the meeting, including\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the name of each creditor present or represented; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether the creditor has made a claim, and the amount of the claim; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether the creditor has filed a proxy or is present in person; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (iv) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the total number of creditors present or represented; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) ensure that minutes are kept of all proceedings.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Records of attendance or minutes that have been signed as correct by the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 chairperson or the person convening the meeting are prima facie evidence of the details recorded and the proceedings of the meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Body corporate may act by representative
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A body corporate that is a creditor may appoint a representative to attend a meeting of creditors on its behalf.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure generally
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Except as provided in this Schedule and in any regulations made under this Act, a meeting of creditors may regulate its own procedure.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Effect of irregularity or defect
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 An irregularity or defect in the proceedings at }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 a meeting of creditors does not }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 invalidate anything done by the meeting, unless the Court orders otherwise.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may, on the application of a liquidato}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 r or a creditor of the company, }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make an order under subclause (1) if it is satisfied that substantial injustice would be caused if the order were not made.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 2\emdash Provisions that apply to meeting of creditors of company in liquidation
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 16\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Creditors entitled to vote
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person is not entitled to vote as a creditor unless, by the time the vote is taken, the creditor has made a claim under Schedule 9 and either\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator has admitted the claim wholl
y or in part either for payment or for voting purposes; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the chairperson of the meeting of creditors allows the person to vote in accordance with clause 17.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 17\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Chairperson has power to admit or reject claim for purposes of voting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The chairperson 
of a meeting of creditors has the power to admit or reject a claim for the purposes of voting at that meeting but his or her decision is subject to appeal to the Court.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the chairperson is uncertain as to whethe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 r a person is a creditor of the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 company
 or as to the value of the person's claim against the company, the company must allow the person to vote subject to the vote being declared invalid in the event of rejection of the claim for purposes of voting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 18\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator must not solicit for proxies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4786396 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to a direction of a meeting of creditors, a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 liquidator must not solicit for }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 proxies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Without limiting the orders that the Court ma}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 y make, if a liquidator has not }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 complied with subclause (1), the Court may\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4786396 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order that the liquidator is not entitled to his or her remuneration:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 remove the liquidator from office:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4786396 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
declare any transaction entered into by the liquidator to be void or overturn any vote, and grant any consequential relief that the Court thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 19\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Irregularity in notice of proxy
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
If a notice of proxy is irregular but the irregularity is not material, the liquidator or chairperson of a meeting, as the case may be, may accept the proxy as being valid for voting purposes, if he or she is satisfied that the proxy holder rep
resents the creditor.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 20\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Disqualification from voting
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13726434 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to subclause (2), no person acting under a proxy may vote in favour of or against any resolution that would place that person, either directly or indirectly, in a position to receive any ben
efit out of the assets of the company otherwise than as a creditor rateably with the other creditors of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Any person who holds a proxy to vote for the app}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 ointment of a liquidator may}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  use the proxy to vote in favour of the appointment of himself or herself as liquidator if it is not inconsistent with the terms of the proxy to do so.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 21\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls15\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Use of proxy by liquidator's nominee
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13726434 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a liquidator who holds a proxy cannot attend a meeting of creditors, he or she may, in writing, nominate his or her 
business or professional partner (if the liquidator is a member of a partnership) or a person in his or her employment to use the proxy on his or her behalf and in such manner that the liquidator may direct
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in subclause (1) authorises the perso
n nominated to vote in a manner that would be a contravention of clause 20 if the liquidator had acted under the proxy personally.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 216(2)
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 8
\par Restrictions on prior execution process
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restriction on creditor's right to complete execution process
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13726434 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Subject to subclause (2) and section 216(2), a creditor is not entitled to retain the benefit of any execution process, distraint, or attachment over or against the property of a company unless the execution process, distraint, or attachment is complete
d before,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by a resolution of shareholders, the passing of the resolution or the date on which the creditor had notice of the meeting at which the resolution was proposed, whichever occurred earlier:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by a resolution of directors, the passing of the resolution or the date on which the creditor had notice of the meeting at which the resolution was proposed, whichever occurred first:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by the Court, the making of the application for the appointment.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may set aside the application of subclause (1) to the extent and on the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 terms and conditions that the Court thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 When execution process is completed
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid13726434 For the purposes of clause 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  ,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an execution or distraint against personal property is completed by seizure and sale:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an attachment of a debt is completed by receipt of the debt:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an execution against land is completed by sale, and, in the case of an equitable interest, by the appointment of a receiver.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Good faith purchaser protected
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Despite clause 1,\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person who, in good faith, purchases property of a company from a court officer responsible for an execution process acquires a good title as against the liquidator of the company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person who, in good faith, purchases property of a company on which distress has been levied acquires a good title as against the liquidator of the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Section 279 not limited or affected
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in clauses 1 to 3 limits or affects section 279.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may require transfer of company property if court officer had}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 notice of appointment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The court officer responsible for an exe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14248069 cution process in which company }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 property has been taken must deliver or transfer to the liquidator that property (including any money received in satisfaction or partial satisfaction of an execution or paid to avoid a sale of the property) if\emdash 

\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 before completion of the execution process, the court officer received notice 
that the liquidator had been appointed; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator requires the delivery or transfer of the property.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The costs of the execution process are a first }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 charge on any property or money }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered or transferred to the liquidator under subclause (1) and the liquidator may sell all or some of the property to satisfy that charge.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court officer must retain proceeds of sale, etc for 10 working days
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This clause applies where\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 property of a company is sold in an execution process in respect of
 a judgment for a sum exceeding $500 (or such sum as may be prescribed); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 money is paid to the court officer responsible for the execution process to avoid a sale.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The court officer must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 retain the proceeds of sale or the money paid for 10 working days; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
if, within that period, the court officer has notice of the liquidation, pay the proceeds or money to the liquidator after deducting the costs of the execution.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subclause (2), the court office}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 r has notice of the liquidation }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 if he or she has notice,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a liquidator appointed by a resolution of shareholders, of the meeting at which the resolution was proposed:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by a resolution of directors, of the meeting at which the resolution was proposed:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a liquidator appointed by the Court, of the making of the application for the appointment.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator who is paid money under subclause }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid13726434 (2)(b) is entitled to retain it }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 as against the execution creditor.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls16\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Court may set aside application of clause 5 or 6
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court may set aide the application of clause 5 or 6 to the extent and on the terms and conditions that the Court thinks fit.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid13726434 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ss 216(2), 231, 232, 233
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 9
\par Creditors' claims
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 1\emdash Preliminary provisions
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Admissible claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11621923 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (2), a debt or liability may be admitted as a claim against a company in liquidation, whether the debt or liability is\emdash 

\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 present or future; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 certain or contingent; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an ascertained debt or a liability for damages.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Fines, monetary penalties, and costs to which clause 4 applies are not claims}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 that may be admitted against a company in liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Ascertainment of amount of claim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11621923 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The amount of a claim must be ascertained as at the date and time of commencement of the liquidation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The amount
 of claim based on a debt or liability denominated in a currency other than the currency of the Cook Islands must be converted into the currency of the Cook Islands at the rate of exchange on the date of commencement of the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Claim for unascertained amount
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This clause applies if \emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a claim is subject to a contingency; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a claim is a claim for damages; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for some other reason, the amount of the claim is not certain.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make an estimate of the amount of the claim; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 refer the matter to the Court for a decision on the amount of the claim.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On the application of the liquidator, or of a claimant who is aggrieved by an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 estimate made by the liquidator, the Court may determine the amount of the claim as it thinks fit.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Fines and penalties
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this Act limits or affects the recovery of\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a fine imposed on a company, whether before or after the commencement of its liquidation, for the commission of an offence; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a mo
netary penalty payable to the Crown imposed on the company by the Court, whether before or after the commencement of its liquidation, for breach of any enactment; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 costs ordered to be paid by the company in relation to proceedings for the offence or the breach.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Claims relating to debts payable after commencement of liquidation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11621923 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A claim in respect of a debt that, but for the li}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 quidation, would not be payable }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 until a date that is 6 months or more after the date of commencement of the liquidation must be treated as a claim for the present value of the debt.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The present value of a debt must be determin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923 ed by deducting from the amount }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the debt interest at the appropriate rate for the period from the date of commencement of the liquidation to the date when the debt is due.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 2\emdash Procedure for claims
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Claims by unsecured creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A claim by an unsecured creditor against a company in liquidation must be made}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11621923  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 in the prescribed form and must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain full details of the claim; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 identify any documents that evidence or substantiate the claim.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11621923 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the claimant identifies a document as evidencing or substantiating the claim,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator may require the claimant to produce it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a liquidator rejects a claim, w
hether in whole or in part, he or she must without delay give the creditor written notice of the rejection.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The costs of making a claim under subclause (1) or producing a document under subclause (2) must be met by the claimant.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Claim on behalf of employees
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14105352 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person may make a claim on behalf of all or a number of employees of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A list setting out the names of the employees, and the amounts due to each of them, must be attached to the claim.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A claim made in compliance with this clause has the same effect as if a separate claim had been made by each employee.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Notice to creditors to claim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to the provisions of this Act, and unless otherwise ordered by the Court,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidator may fix a certain time and date, which must not be less than 10 working days from the date of the notice, as the deadline for creditors of the company to\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 make their claims; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 establish any priority their claims may have under Part 4 of this Schedule.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must give public notice of the deadline for claims.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Late claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14105352 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (2), a creditor who fails to m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 ake a claim within the deadline }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 for claims must be excluded from the benefit of any distribution made before the creditor's claim is received.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor whose late claim is admitted is entitle}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 d to receive the benefit of any }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 distribution from which the creditor was previously excluded if any assets remain or, in the liquidator's opinion, are likely to remain, available for distribution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Failure to establish priority within deadline for claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14105352 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (2), a
 creditor who fails to establish priority for a claim within the deadline for claims may not object to any distribution made before the priority of the claim is established.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may, in making any distribution af}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 ter the claim is admitted, make }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an assumption as to the priority that the claim may have and accord the creditor the benefit of the distribution accordingly.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor who established the priority of a clai}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 m after the deadline for claims }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is entitled to receive the benefit of any 
distribution from which the creditor was previously excluded if any assets remain or, in the liquidator's opinion, are likely to remain, available for distribution.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Dividends in respect of rejected claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid14105352 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a creditor applies for an order under section 2}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 73(1)(b) reversing or modifying }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the decision of the liquidator to reject the creditor's claim, the liquidator may make provision for the dividend on the claim, and the probable cost of the application in the event of the claim being admitted.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If 
notice of an application under section 273(1)(b) has not been given within the time specified in the rules of court for appeals to the Court from a decision of the liquidator, the liquidator must exclude all claims that have been rejected from participati
on in the dividend.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Costs of proceedings relating to liquidator's decision on claim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 On an application by a creditor for an order under section 273(1)(b) reversing or modifying the decision of the liquidator to reject the creditor's claim, the Court may, if it thinks fit,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 allow any costs of the creditor to be added to the claim:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 allow any costs of any party to the proceedings to be paid out of the assets of the company as expenses of the liquidator:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid14105352 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 order any costs to be paid by any party to the proceedings other than the liquidator.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 3\emdash Secured creditors
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Secured creditor's options
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A secured creditor has the option to \_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid14105352 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) realise property subject to a charge or security interest, if entitled to do so (}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid8008700 option 1}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ); or
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8008700 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 value the property subject to the charge or security interest and claim in the liquidation as an unsecured creditor for the balance due, if any (option 2); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 surrender the charge or security interest to the liquidator for the general benefit of the cr
editors and claim in the liquidation as an unsecured creditor for the whole debt (option 3).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A secured creditor may exercise option 1 whether or not the creditor has}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 exercised option 2.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Realisation of property subject to charge or security interest
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A secured creditor who realises property subject to a charge or security interest\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
may, unless the liquidator has accepted a valuation and claim by the creditor under clause 16, claim as an unsecured creditor for any balance due after deducting the net amount realised:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
must account to the liquidator for any surplus remaining from the net amount realised after satisfaction of the debt, including interest payable in respect of that debt up to the time of its satisfaction, and after making proper payme
nts to the holder of any other charge over, or security interest in, the property.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Valuation of security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008700 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This clause applies if a secured creditor values the security and claims as an}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 unsecured creditor for the balance due, if any.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The valuation and any claim must be made in the prescribed form and\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain full details of the valuation and any claim; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain full details of the charge or security interest, including the date on which it was created; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 identify any documents that evidence or substantiate the claim and the charge or security interest.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008700 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the claimant identifies a document as evidencing or substantiating the claim}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 and the charge or security interest, the liquidator may require the claimant to produce it.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 16\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Procedure on claim by secured creditor after valuation of security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008700 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a secured creditor makes a claim under clause 15, the liquidator must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 accept the valuation and claim; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reject the valuation and claim, in whole or in part.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid8008700 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the valuation and claim are rejected, in whole or in part, the creditor may}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 make a revised valuation and claim within 10 working days after receiving notice of the rejection.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may re-consider the rejection of a valuation and claim, in whole}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 or in part, and revoke or amend that decision.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the liquidator ultimately accepts a valuation and claim, the liquidator may,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 unless the secured creditor has realised the property, at any time redeem the security on payment of the assessed value.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must record in writing any decision that the liquidator makes}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 under this clause.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 17\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may require secured creditor to elect option
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4478583 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator may at any time, by written noti}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid8008700 ce, require a secured creditor, }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 within 20 working days after receipt of the notice, to\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid8008700 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 elect an option under clause 13(1); and
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4478583 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 if the creditor elects option 2 or 3, to exercise that option within the 20-working day period.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4478583 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If the creditor fails to comply with the notice, the creditor must be taken to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise option 3.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (4), a creditor who exercises, or is taken to exercise, option}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 3 may\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 withdraw the surrender and rely on the charge or security interest; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 submit a new claim.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4478583 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor may exercise the right to withdraw a surrender or submit a new claim}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 only if\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the creditor has obtained the leave of the Court; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 complies with any conditions that the Court or the liquidator impose; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 exercise the right before the liquidator has realised the property subject to the charge or security interest.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 4\emdash Preferential claims
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 18\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Interpretation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4478583 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this Part, holiday pay, in relation to a person (P), means all sums payab}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 le to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 P by the company that under any enactment, award, agreement, or contract of service are payable to P by the company as holiday pay.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this Part, remuneration, in re}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4478583 spect of a period of holiday or }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 absence from work through sickness or other good cause must be treated as wages for services rendered to the company during that period.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 19\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 First priority claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4478583 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The liquidator must first pay the following, in the order of priority in which they are listed\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the fees and expenses properly incurred by the liquidator in the process of the liqui
dation and the liquidator's remuneration:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the reasonable costs of a person who applied to the Court for an order that the company be put into liquidation, including the reasonable costs incurred between lawyer and client in obtaining the order:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) the actual out-of-pocket expenses necessarily incurred by a liquidation committee.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 20\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Second priority claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 After paying the claims listed in clause 19, t}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 he liquidator must next pay the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 following claims (to the extent that they remain unpaid)\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
subject to subclause (2), all wages or salary of any employee for services provided to the company during the 4 months before the commencement of the liquidation:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to subclause (2), any holiday pay payable to an employee on the termination of hi
s or her employment before, or because of, the commencement of the liquidation:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
subject to subclause (2), any compensation for redundancy owed to an employee that accrues before, or because of, the commencement of the liquidation:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to subclause (2), amounts deducted by the company from the wages of an employee in order to satisfy obligations of the employee:

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contributions payable by the company to a superannuation scheme or provident fund of an employee:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts due in respect of any 
compensation or liability for compensation payable to an employee or his or her dependants that accrued before the commencement of the liquidation:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts that are preferential clams under section 264(2):
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 all sums that by any other enactment must be paid in accordance with the priority established by this clause.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The total sum to which priority is to be given under subclause (1)(a)-(e) must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 not, in the case of any 1 employee, exceed the greater of\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the equivalent of the employee's wages for
 the 3 month period before the commencement of liquidation; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 $5,000 (or any greater amount that is prescribed at the commencement of the liquidation).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 21\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Third priority claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 After paying the claims listed in clause 20, the liquidator must next pay the following claims (to the extent that they remain unpaid)\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 income and other tax payable by the company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 deductions made by the company in respect of the earnings of employees of the company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 customs and excise duty payable by the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 22\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Ranking of claims in clauses 20 and 21
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3951371 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The claims listed in each of clauses 20 and 21 rank equally among themselves}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 and must be paid in full, unless there are insufficient assets to pay them, in which case they abate in equal proportions.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The claims listed in each of clauses 20 and 21\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
have priority over the claims of any person under a security interest to the extent that the security interest is not a security interest that has been perfected under the Personal Property Securities Act 2017 at the commencement of the liquidation; and

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 if necessary, must be paid out of the assets subject to that security interest (or their proceeds).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3951371 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subclause (2), security inte}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 rest has the same meaning as in }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the Personal Property Securities Act 2017.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 To the extent that the claims listed in clauses 20 and 21 are paid out of assets}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 referred to in subclause (2)(b), the amount so paid is an unsecured debt due by the company to the secured party.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 23\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Subrogation following payment of preferential claim
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
If a payment has been made to a person (A) on account of any preferential claim set out in this Schedule out of money advanced by another person (B) for that purpose, then B has, in a liquidation, the same right of priority in respect of the
 money so advanced as A would have if the payment had not been made.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 24\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Priority given to person who distrains on goods
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3951371 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a person has distrained on goods or effec}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 ts of the company during the 20 }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 working days before the commencement of the liquidation, the preferential claims set out in this Schedule are a first charge on the goods or effects so distrained, of the proceeds from their sale.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 However, if any money is paid to a claimant under that charge, the person h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 as }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the same rights of priority as that claimant.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 5\emdash Mutual credit and set off
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 25\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Mutual credit and set off
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3951371 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This clause applies if there have been mutual }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 credits, mutual debts, or other }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 mutual dealings between a company and a person claiming to have a claim admitted in the liquidation of the company.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In a case to which this clause applies,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
an account must be taken of what is due from 1 party to the other in respect of their mutual credits, debts, or dealings; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an amount due from 1 party must set off against an amount due from the other party; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3951371 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 only the balance of the account may be claimed in the liquidation, or is payable to the company, as the case may be.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 26\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Restrictions on claiming set off
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3951371 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person is not entitled to claim a set off under clause 25 if\emdash 
\par }\pard \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5982924 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) the set off arises from\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a transaction (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid13913838 transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ) in which P gave credit to the company or the company gave credit to P; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the assignment (the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid13913838 assignment}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 ) to P of a debt owed by the company to another person; and
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) the transaction or assignment occurred\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 within the 2-year period, if P is a related person; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 within the 6-month period, if P is not a related person; and
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (c) P fails to prove that, at the time of the transaction or the assignment, P did not have reason to suspect that the company was unable to pay its debts as they became due.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 27\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Definitions for this Part
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this Part,\_
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5982924 2-year period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  means\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the period of 2 years counted back from the close of the day on which li
quidation commences; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of a company that was put into liquidation by the Court, the period of 2 years counted back from the close of the day on which the application was filed in the Court plus the period counted forward from that day unt
il the time and date of the order; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5982924 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
in the case of the appointment a liquidator by a resolution of the shareholders or the directors subsequent to an application to the Court, the period of 2 years counted back from the close of the day on which the
 application was filed in the Court plus the period counted forward from that day until the date and time of the appointment
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5982924 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5982924 6-month period}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the same meaning as 2-year period except that "6 months" must be substituted for "2 years"
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid5982924 related person}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  includes\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a related company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a director of the company in liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 28\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Exception for amount paid or payable by shareholder
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Clauses 25 to 27 do not apply to an amount paid or payable by a shareholder or former shareholder\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as the consideration, or part of the considerat}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid13913838 ion, for the issue of a share; o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 r
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in satisfaction of a call in respect of an outstanding liability of the shareholder made by the directors or the liquidator.
\par }\pard\plain \ltrpar\s45\qc \li0\ri0\sb240\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 6\emdash Miscellaneous
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 29\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Interest on claims
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The amount of a claim may include interest up to the date of commencement of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the liquidation\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
at the rate specified or contained in any contract that makes provision for the payment of interest on that amount; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid2689066 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a judgment debt, at the rate payable on the judgment debt.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2689066 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If any surplus assets remain after the payment of all admitted claims,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10045263 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
interest must be paid at the prescribed rate on those claims from the date of commencement of the liquidation to the date on which each claim is paid; but
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10045263 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
payment of interest must abate rateably among all claims in the event that that the surplus assets are insufficient to pay interest in full.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If any surplus assets remain after the payment of interest under subclause (2),\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) int
erest must be paid on all admitted claims referred to in subclause (1) from the date of commencement of the liquidation to the date on which the claim is paid at a rate equal to the excess between the prescribed rate and the rate referred to in subclause 
(1)(a); but
\par (b) payment of interest must abate rateably among all claims in the event that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10045263  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
that the surplus assets are insufficient to pay interest in full.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid4932637 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of this clause, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid10045263 prescribed rate}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the rate prescribed in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10045263  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 regulations made u
nder this Act or, if no such rate is prescribed, the rate at which interest is payable on money due under a judgment of the Court.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 30\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Trade discounts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A creditor making a claim must deduct all trade discounts that the creditor would otherwise have given if the company had not gone into liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 31\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls17\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Periodical payments
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10045263 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
When liquidation commences between periodical payment dates, for example, between dates for payment of rent, the person entitled to payment may claim up to the date of commencement of liquidation as if the payment accrued on a daily basis.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10045263 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
Nothing in subclause (1) affects the right of the lessor of property to claim rent that accrues on or after the commencement of liquidation.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 229(3)
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10045263 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 10
\par Meetings of liquidation committees
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Frequency of meetings
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9588701 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The committee must meet at such times as it decides, and the liquidator or a member of the committee may also call a meeting of the committee as and when necessary.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Majorities
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5377499 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The committee may act by a majority of the members present at a meeting, but may not act unless a majority of the committee are present.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Resignation
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5377499 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A member of the committee may resign by notice in writing signed by him or her and delivered to the liquidator.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Office becoming vacant
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5377499 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The office of a member of the committee becomes vacant if the member\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5377499 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 becomes bankrupt in any jurisdiction; or
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid4932637 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 compounds or arranges with his or her creditors; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid4932637 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is absent from 3 consecutive meetings of the committee without leave of the committee.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Removal of member
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (1)\tab A member of the committee may be removed by a resolution\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 passed at a meeting of creditors, if the member represents creditors; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 passed at a meeting of shareholders, if the member represents shareholders.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (2)\tab Notice of the meeting, stating the object of the meeting, must be given at least}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
5 working days before the meeting.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Vacancy filled
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A vacancy in the committee may be filled by the appointment by the committee of\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a creditor or shareholder, as the case may be; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
a person who holds a general power of attorney from, or who is an authorised representative of, a company that is a creditor or shareholder, as the case may be.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls18\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Committee with vacancy may act
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The committee may act despite vacancies in membership, provided there are not less than 2 continuing members.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 258
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 11
\par Powers of liquidator
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator of a company has power to\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 commence, continue, discontinue, and defend legal proceedings:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to the extent necessary for the liquidation, carry on the business of the company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint a lawyer:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 pay any class of creditors in full:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
make a compromise or an arrangement with creditors or persons claiming to be creditors or who have or allege the existence of a claim against the company, whether present or future, actual or contingent, or ascertained or not:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 compromise calls and liabilities for calls, de}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 bts, and liabilities capable of }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 resulting in debts, and claims, present or future, actual or contingent, ascertained or not, sub
sisting or supposed to subsist between the company and any person and all questions relating to, or affecting the assets or the liquidation of, the company, on such terms as may be agreed, and take security for the discharge of any such call, debt, liabil
ity, or claim, and give a complete discharge:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (g) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sell or otherwise dispose of the property of the company:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (h) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 act in the name and on behalf of the company and enter into deeds, contracts, and arrangements in the name and on behalf of the company:

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
prove, rank, and claim in the bankruptcy or insolvency of a debtor or shareholder for any balance against that person's estate, and to receive dividends in the bankruptcy or insolvency, as a separate debt due from the bankrupt or insolvent and rateably wi
th other creditors:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (j) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
draw, accept, make, and endorse a bill of exchange or promissory note in the name and on behalf of the company, with the same effect as if the bill or note had been drawn, accepted, made, or endorsed by or on behalf of the company in
 the course of its business:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (k) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 borrow money on the security of the company's assets:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (l) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 take out, in his or her name as liquidator, letters of administration to a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 deceased shareholder, and to do in that name any other act necessary for obtaining payment
 of money due from a debtor or shareholder or his or her estate, that cannot be conveniently done in the name of the company. In all such cases, the money due is, for the purpose of enabling the liquidator to take out the letters of administration or reco
ver the money, deemed to be due to the liquidator:
\par (m) call a meeting of creditors or shareholders for\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the purpose of informing creditors or shareholders of progress in the liquidation:

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the purpose of ascertaining the views of creditors or shareholders on any matter arising in the liquidation:
\par (iii) such other purpose connected with the liquidation as the liquidator thinks fit; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (n) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 appoint an agent to do anything that the liquidator is unable to do:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid6906557 (o) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 change the registered office or address for service of the company.
\par }\pard\plain \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 ss 281, 287
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid6906557 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 12
\par Procedure for setting aside voidable transactions and securities
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator's notice for setting aside transaction or security
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator who wishes to set aside a transaction or security that is voidable under section 279 or 282 must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) file in the Court a notice specifying\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the transaction or security to be set aside; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the property or value that the liquidator wishes to recover; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the effect of clauses 2, 3, and 4; and
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) serve a copy of the notice on\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the other party to the transaction}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 or the security holder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other person from whom the liquidator wishes to recover.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Person affected may object
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A person affected may, within 20 working days after service of the liquidator's}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 notice,\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
file in the Court a notice objecting to the transaction or security being set aside; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 serve a copy of the notice on the liquidator.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The notice of objection must\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 contain full particulars of the reasons for objecting; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 identify documents that evidence or substantiate those reasons.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In subclause (1), person affected means a person who would b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 e affected by the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 transaction or security specified in the liquidator's notice being set aside and who considers that the transaction or the security is not voidable.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Transaction or security set aside if no objection
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The transaction or security is automatically set aside, as against a
 person on whom the liquidator's notice has been served, at the close of the 20th working day after service of the liquidator's notice unless that per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 son has objected under clause 2.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Liquidator may apply to Court if objection made
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5722825 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If 1 or more persons have objected under clause}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825  2, the liquidator may apply to }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 the Court for an order that the transaction or security be set aside.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The application must be served on every per}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 son referred to in clause 1(b), }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 whether or not that person has objected under clause 2.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Other orders Court may make
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 If a transaction or security is set aside, the Court may make 1 or more of the following orders\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) an order that a person pay to the company an amount equal to some or all}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 of the money that the company has paid under the transaction:
\par (b) an order that a person transfer to the company property that the company has transferred under the transaction:
\par (c) an order that a person pay to the company an amount that, in the Court's opinion, fairly represents some or all of the benefits that the person has received because of the transaction:
\par (d) an order that a person transfer to the company property that, in the Court's opinion, fairly represent he application of either or both of the following\emdash 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5722825 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5722825 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 money that the company has paid under the transaction:
\par }\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9852900 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 proceeds of property that the company has transferred under the transaction:
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (e) an order releasing, in whole or in part, a security given by a company:
\par (f) an order requiring security to be given for the discharge of an order under this clause:
\par (g) an order specifying the extent to which a person affected by the setting aside of a transaction or by an order made under this clause is entitled to claim as a creditor in the liquidation.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls19\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Additional provisions relating to setting aside transactions and securities
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The setting aside of a transaction under section 279, or the making of a order}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 under clause 5, does not affect the title or interest of a person in property that the person has acquired\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 from a person other than the company; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for valuable consideration; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 without knowledge of the circumstances under which the property was acquired from the company.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The setting aside of a security under section 282 or the making of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 an order under }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 clause 5 does not affect the title or interest of a person in property that the person has acquired\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as the result of the exercise of a power of sale by the security holder; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 for valuable consideration; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 without knowledge of the circumstances relating to the giving of the security.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Court must not order the recovery o}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 f property of a company (or its }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 equivalent value) by a liquidator, whether under this Act or any other enactment, or in law or equity, if the person from whom recovery is sought (A) proves that when A received the property\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A acted in good faith; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a reasonable person in A's position would not have suspected, and A did not have re
asonable grounds for suspecting, that the company was or would become insolvent; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A gave value for the property or altered A's position in the reasonably held belief that the transfer of the property to A was valid and would not be set aside.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in any enactment relating to the registration of an estate or interest in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 land restricts the operation of\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 sections 279 and 282:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 clause 5:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 this clause.
\par }\pard\plain \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 240
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 13
\par Liquidation of assets of overseas companies
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls20\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Modified application of Part 14
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Part 14 applies to the liquidation of the assets of an overseas company, with the following modifications and exclusions\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) references to a company must be taken as references to an overseas company:
\par (b) references to removal from the Cook Islands register must be taken as references to ceasing to carry on business in the Cook Islands:
\par (c) the following provisions of Part 14 do not apply to the liquidation of an overseas company\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 216(1)(d) to (g):
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 section 268:
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
(d) section 234 applies to the liquidation of an overseas company, but instead of making the statement required by section 234(2)(b)(iii), the liquidator must state that the company has ceased to carry on business in the Cook Islands and is ready to be re
moved from the Cook Islands register.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls20\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Rights of action not affected
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Nothing in this Act excludes the right of a creditor of an overseas company in relation to which a liquidator has been appointed\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to bring proceedings outside the Cook Islands against
 the overseas company in relation to a debt not claimed in the liquidation or the balance of a debt remaining unpaid after the completion of a liquidation; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 to bring an action in the Cook Islands in relation to the balance of a debt remaining unpaid after the completion of a liquidation.
\par }\pard\plain \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s313(1)
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 14
\par Requirements for receiver's reports
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls21\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for initial report
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver's initial report must report on the state of affairs with respect to the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 property in receivership, including the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 particulars of the assets comprising the property in receivership:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 particulars of the debts and liabilities to be satisfied from the property in receivership:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the names and addresses of the creditors with an interest in the property in receivership:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 particulars of any security over the property in receivership held by any creditor, including the date on which it was created:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 particulars of any default by the company in making information available:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 any other prescribed information.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid9852900 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The initial report must also include details of the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the events leading up to the receiver's appointment, so far as the receiver is aware of them:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 property disposed of and any proposal for the disposal of property in receivership:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of appointment, to any person in whose interests the receiver was appointed:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of appointment, to creditors of the company having preferential claims:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts likely to be available for payment to creditors other than those referred to in paragraph (c) or (d).
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid9852900 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver may omit from the report details of any proposals for disposal of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid9852900  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 property in receivership if he or she considers that their inclusion would materially prejudice the exercise of his or her functions.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls21\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for interim report
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11160596 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver's interim report must summarise\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the state of affairs with respect to the property in receivership as at the end of the relevant 6-month period; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct of the receivership, including all amounts received and paid, during the relevant 6-month period.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11160596 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The interim report must also include details of the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 property disposed of since the date of any previous 
report and any proposal for the disposal of property in receivership:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of the report, to any person in whose interests the receiver was appointed:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of the report, to creditors of the company having preferential claims:
\par (d) amounts likely to be available as at the date of the report for payment to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 creditors other than those referred to in paragraph (b) or (c).

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver may omit from the report details of any proposals for disposal of the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 property in receivership if he or she considers that their inclusion would materially prejudice the exercise of his or her functions.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls21\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Requirements for final report
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11160596 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A receiver's final report must summarise\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
the state of affairs with respect to the property in receivership as at the end of the receivership; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the conduct of the receivership, including all amounts received and paid, since the date of any previous report.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid11160596 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The final report must also include details of the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 property disposed of since the date of any previous report:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of the report, to any person in whose interests the receiver was appointed:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts owing, as at the date of the report, to creditors of the company having preferential claims\bullet 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 amounts available as at the date of the report for payment to creditors other than those referred to in paragraph (b) or (c).
\par }\pard\plain \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 402
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 15
\par Service of documents
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service on company of documents in legal proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document in any legal proceeding may be served on a company as follows\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by delivery to a person named as a director of the company on the Cook Islands register; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by delivery to an employee of the company at the company's head office or principal place of business; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by leaving the document at the company's registered office or address for service; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by serving the document in accordance with any direction as to service given by a court having jurisdiction in the proceeding; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with an agreement made with the company; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by serving the document at an address for service given in accordance with the rules of the court having jurisdiction in the proceeding or by su
ch means as a legal practitioner has, in accordance with those rules, stated that the legal practitioner will accept service.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of other documents on companies
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document that is not a document in a legal proceeding may be served on a company as follows\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by any of the methods set out in clause 1(a), (b), (c), or (e); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by posting it to the company's postal address or address for service; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by emailing it to an electronic address used by the company; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by faxing it to a fax number used by the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service on overseas company of documents in legal proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document in any legal proceeding may be served on an overseas company as follows\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by delivery to a person named as a director of the overseas company on the Cook Isla
nds register and who is resident in the Cook Islands; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by delivery to a person named on the Cook Islands register as being authorised to accept service in the Cook Islands of documents on behalf of the overseas company; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by delivery to an emplo
yee of the overseas company at the overseas company's place of business (or principal place of business if more than 1) in the Cook Islands; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by serving the document in accordance with any direction as to service given by a court having jurisdiction in the proceeding; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in accordance with an agreement made with the overseas company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of other documents on overseas company
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document that is not a document in a legal proceeding may be served on an overseas company as follows:
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by any of the methods set out in clause 3(a), (b), (c) (e); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by posting it to the overseas company's address for service or postal address in the Cook Islands; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by posting it to a person named on the Cook Islands register as being authorised to
 accept service in the Cook Islands of documents on behalf of the overseas company; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by emailing it to an electronic address used by the overseas company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of documents on directors in legal proceeding
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document in any legal proceeding involving a director in his or her capacity as director may be served on the director as follows\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid11160596 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by delivery to the director; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by leaving the document at the director's residential address (as that address is shown in the register); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by leaving the document at the company's registered office or address for service; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11160596 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by serving the document in accordance with any direction as to service given by a court having jurisdiction in the proceeding; or
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 in accordance with an agreement made with the director; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
by serving the document at an address for service given in accordance with the rules of the court having jurisdiction in the proceeding or by such means as a legal practitioner has, in accordance with those rules, stated that the lega
l practitioner will accept service.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of other documents on directors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document that is not a document in a legal proceeding may be served on a director as follows\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by any of the methods set out in clause 5(a), (b), (c), or (e); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by posting it to the director at the director's residential address (as that address is shown in the register); or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by posting it to the company's postal address or address for service; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by emailing it to an electronic address used by the director; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by emailing it to an electronic address used by the company.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Service of documents on shareholders and creditors
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12477458 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A notice, statement, report, accounts or other document to be sent or given to a
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder or a creditor who is a natural person may be\emdash 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered to that person; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 posted to that person's postal address; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 subject to section 252, entailed to an electronic address used by that person.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12477458 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A notice, statement, report, accounts or other document to be sent or given to a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder or a creditor that is a company or an overseas company may be sent or given by any of the methods of serving documents referred to in clause 2 or 4.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A notice, statement, report, accounts or other document to be sent or given to a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 shareholder or a creditor that is a body corporate but not a company or an overseas company may be\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered to a person who is a principal officer of the body corporate; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered to an employee of the body corporate at the principal office or principal place of business of the body corporate; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered in the manner that the Court directs; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (d) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 delivered in accordance with an agreement made with the body corporate; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (e) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 posted to the postal address of the body corporate; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (f) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 emailed to an electronic address used by the body corporate.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls22\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Additional provisions relating to service
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid12477458 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Subject to subclause (2), for the purposes of clauses I to 7,\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (a) service of a document by delivery to a natural person is made\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 by handing the document to the person; or
\par }\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5194057 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458 (ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 if the person refuses to accept the document, by bringing it to the attention of, and leaving it in a place accessible to, the person:
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (b) a document that is posted is treated as received 5 working days after it is posted:
\par (c) for proving service of a document by post, it is sufficient to prove that\emdash (0 the document was properly addressed; and (ii) all postal or delivery charges were paid; and
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 (iii) the document was posted.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A document is not treated as having been served or sent, given, or delivered}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid12477458  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 to a person if the person proves that, through no fault of the person, the document was not received within the time specified.
\par }\pard \ltrpar\s39\qr \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 s 414
\par }\pard\plain \ltrpar\s49\qc \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid12477458 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 Schedule 16
\par Consequential amendments to other Acts
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 1\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Meaning of transitional period
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In this schedule, transitional period means the period of 1 year after the commencement of this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 2\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 References to Companies Act 1970-1971 in other Acts
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid280971 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A reference in another Act to the Companies Act 1970-1971 (or 1970-71) must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 be read (with any necessary modifications)\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a company incorporated under that Act and not re\-
registered, as unchanged for the transitional period of 1 year after the commencement of this Act:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a company incorporated under that Act and re-registered, as the Companies Act 2017:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 in the case of a company incorporated under this Act, as the Companies Act 2017.
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid280971 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A reference in another Act to the Companies Act 2017 must be read, in the case}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 of a company incorporated under the Companies Act 1970-1971 and not re\-registered, as a reference to the Companies Act 1970-1971 for the transitional period of 1 year after the commencement of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In the appropriate context, a reference in another Act to incorporation (for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 example, "a company incorporated under the Companies Act") includes re-registration under this Act.
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 3\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 International Companies Act 1981-1982
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 200(1) is amended by omitting "Companies Act 1970-1971" and substituting "Companies Act 2017".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 4\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Trustee Companies Act 2014
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 17 is repealed and the following section substituted\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \'93}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid280971 17 Application for licence}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par A company may apply to the Commission for a licence to carry on trustee company business if it is--\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 a company incorporated or re-registered under the Companies Act 2017; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 registered as an overseas company under Part 17 of that Act; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971\charrsid11207925 (c) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid11207925 until}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 the expiry of the period of 1 year after the commencement of the Companies Act 2017, is incorporated under the Companies Act 1970-1971 or registered as an overseas company under Part XII of the Companies Act 1970-1971.\'94
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 5\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Insurance Act 2008
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 2(1) is amended by repealin}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 g the definition of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid280971\charrsid280971 Company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 substituting the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid280971 Companies Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the Companies Act 2017".
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid280971 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 71(3) is amended by repealing par}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 agraph (f) and substituting the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(f)\tab apply to the Court for the liquidation of the licensee under}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 section 205 of the Companies Act or section 158 of the International Companies Act as applicable."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid280971 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid280971 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Sections 80 to 84 are repealed and the following substituted\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid280971 80 Liquidation of insurers, insurance intermed
iaries, and insurance managers
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The provisions listed in this subsection are modified in respect of insurers, relevant insurance intermediaries, and relevant insurance managers to the extent specified in this Part\emdash 

\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the Companies Act relating to the liquidation of companies:
\par }\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5194057 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 the International Companies Act relating to the winding up of international companies.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid280971 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid280971 "81 Restrictions on voluntary liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A long-term insurer, general insurer, relevant insurance intermediary, or relevant insurance m
anager that is a company must not be placed in liquidation by a resolution of the shareholders under section 204(1)(b) of the Companies Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A long-term insurer that is an international company must not be voluntarily wound up under Part IX, Division 
3 of the International Companies Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A general insurer, relevant insurance intermediary, or relevant insurance manage that is an international company may be voluntarily wound up under Part IX, Division 3 of the International Companies Act only if th
e Commission has given its prior written consent.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A resolution by shareholders or members for the liquidation of a company, or the winding up of an international company, in breach of this section is void and of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Where the members of a 
general insurer, relevant insurance intermediary, or relevant insurance manager that is an international company pass a resolution for its voluntary winding up with the prior consent of the Commission given under subsection (3), the Commission may by noti
ce in writing direct the liquidator to advertise his or her appointment in such manner as the notice specifies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid280971 "(6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator who fails to advertise his or her appointment in accordance with a direction of the Commission under subsection (5) commits an 
offence and is liable on conviction to a fine not exceeding $10,000.
\par }\pard \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16608510 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid10819251\charrsid16608510 82 When Commission may apply for liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(1) The Commission may apply to the Court under the Companies Act or the International Companies Act for the liquidation or winding up of\emdash 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an unlicensed insurer; or
\par }\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5194057 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 an insurer, a relevant insurance intermediary, or a relevant insurance manager, if the Commission is entitled to take enforcement action against the insurer under Part 6.
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(2) On an application under subsection (1), the Court may make an order appointing a liquidator on the grounds that\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 the company is unable to pay its debts; or
\par }\pard \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5194057 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 it is in the public interest that the company be liquidated or wound up.
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 For the purposes of subsection (2)(b), the public interes
t includes the interests of the policyholders of an insurer.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An insurer is deemed to be unable to pay its debts if the total value of its assets does not exceed the total amount of its liabilities by at least the minimum margin of solvency that it is required to maintain under section 18.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16608510 "83 Service on Commission
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
An application by a person other than the Commission for the liquidation or winding up of an insurer, a relevant insurance intermediary, or a relevant insurance manager must be served on the Commission.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 "(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 The Commission is entitled to appear and be heard at the hearing of the application.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16608510 "84 Reduction of contracts as alternative to liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(1) If, on an application for the liquidation or winding up of an insurer, the Court is sat
isfied that the insurer is unable to pay its debts, the Court may, instead of making an order for the liquidation or winding up of the insurer, reduce the amount of the insurer's contracts on such conditions as the Court thinks just."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16608510 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 85(2) is amended by inserting "the liquidation or" after "the commencement of'.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 86(1) is amended by omitting "the winding up" and substituting "the liquidation or the winding up".
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid16608510 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 86(3) is amended by omitting "a winding up order" and substituting "an order for liquidation or winding up".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 6\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Captive Insurance Act 2013
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16608510 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 3(1) is amended by repealing the definition of Companies Act and substituting the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16608510 Companies Act}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  means the Companies Act 2017".
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid16608510 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 3(1) is amended by repealing the definition of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid16608510 holding company}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  and substituting the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid16608510 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "holding company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has same meaning as in the Companies Act 2017".

\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 26(1) is amended by repealing paragraph (b) and substituting the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(b) the licensee\_
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 "(i) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is compulsorily liquidated or wound up; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 "(ii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 has passed a resolution for liquidation or voluntary winding up; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 "(iii) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 is dissolved:".
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 26(3) is amended by repealing par}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 agraph (d) and substituting the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(d)
 apply to the Court for the liquidation of the licensee under section 205 of the Companies Act or section 158 of the International Companies Act as applicable."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5194057 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Sections 32 to 35 are repealed and the following substituted\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "32 Liquidation of licensed captive insurers
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
The provisions of the Companies Act relating to the liquidation of companies and of the International Companies Act relating to the winding up of international companies are modified in respect of licensed captive insurers to the extent spe
cified in this Part.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "33 Restrictions on voluntary liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A licensed captive insurer that is a company must not be placed in liquidation by a resolution of the shareholders under section 204(1)(b) of the Companies Act unless the Commission has given its prior written consent.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A licensed captive insurer that is an international company must not be voluntarily wound up under Part IX, Division 3 of the International Companies Act unless the Commission has given its prior written consent.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
A resolution by shareholders or members for the liquidation of a company, or the winding up of an international company, in breach of this section is void and of no effect.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Where the shareholders or members of a licensed captive insurer pass a
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 reso
lution for its liquidation or voluntary winding up with the prior written consent of the Commission, the Commission may by notice in writing direct the liquidator to advertise his or her appointment in such manner as the notice specifies.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 A liquidator 
who fails to advertise his or her appointment in accordance with a direction of the Commission under subsection (4) commits an offence and is liable on conviction to a fine not exceeding $10,000.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "34 When Commission may apply for liquidation
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(1) The Commission may apply to the Court under the Companies Act or the International Companies Act for the liquidation or winding up of--
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an unlicensed insurer; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 an insurer if the Commission is entitled to take enforcement action against the insurer under section 26.
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
"(2) On an application under subsection (1), the Court may make an order appointing a liquidator on the ground that the company is unable to pay its debts. \_
\par "(3) An insurer is deemed to be unable to pay its debts if the total value of its assets does not exceed the total amount of its liabilities as calculated in accordance with the Act and regulations.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "35 Service on Commission
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 \'93(1) An application by a person other than the Commission for the liquidation or winding up of a licensed captive insurer must be served on the Commission.
\par "(2) The Commission is entitled to appear and be heard at the hearing of the application."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 7\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Banking Act 2011
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 4(1) is amended by repealing the def}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 initions of }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\insrsid3686324\charrsid12605562 holding company}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid12605562 subsidiary}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
 and substituting the following in their appropriate alphabetical order\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 holding company}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102  has the same meaning as in the Companies Act 2017:
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid3686324 "subsidiary}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102  has the same meaning as in the Companies Act 2017."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 16(3) is amended by omitting "be wound up" and substituting "be}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 placed in liquidation".
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 16 is amended by repealing subsection (4) and substituting the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324  }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid10819251\charrsid4487102 following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
"(4) If the Court orders that the licensee be placed in liquidation, the provisions of the Companies Act 2017 relating to the liquidation of a company by, or subject to the supervision of, the Court apply with all necessary modifications."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 23(3) is amended by repealing par}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 agraph (e) and substituting the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(e) apply to the Court in accordance with the provisions of the Co
mpanies Act 2017 for the liquidation of the licensee if sufficient grounds exist under that legislation."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid3686324 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 23 is amended by repealing subs}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid3686324 ection (4) and substituting the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 following--
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid3686324 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(4) For the purposes of this section, the provisions of the Co
mpanies Act 2017 relating to the liquidation of a company apply, with all necessary modifications, to a licensee\emdash 
\par }\pard\plain \ltrpar\s30\ql \li2160\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel1\adjustright\rin0\lin2160\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 (a) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 as if the licensee were incorporated as a company under the Companies Act 2017; and

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 (b) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 
except that, on the liquidation of a licensee, the depositors of a licensee that are residents of the Cook Islands must be paid prior to all other unsecured creditors of the licensee."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5199517 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 26(5) is amended by omitt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 ing "Companies Act 1970-71" and }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 substituting "Companies Act 2017".
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 (7) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 27(1)(b) is amended repealing subparagraph (ii) and substituting the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517  }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(ii) the power to apply to the Court for the liquidation of the licensee; and."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5199517 (8) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 27(1)(c) is amended by omitt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 ing "Companies Act 1970-71" and }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 substituting "Companies Act 2017".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 8\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Financial Institutions (Provision of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517  Customer Information) Act 2013
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 In section 3, the definition of Company is amended by omitting "under the Companies Act 1970-71" and substituting "incorporated or re-registered under the Companies Act 2017".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 9\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Incorporated Societies Act 1994
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 28 is amended by repealing subsection (3) and substituting the following\_
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(3) Subject to this Act and any regulations made under it, an application to the High Cour
t for the winding up of a society, and the winding up of a society, must be governed by the same rules that apply in the case of the liquidation of a company by the High Court under the Companies Act 2017."
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 10\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Law Practitioners Act 1993-1994
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5199517 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 62(1) is amended by omitting "Companies Act 1970-71" and substituting "Companies Act 2017".
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5199517 (2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 62 is amended by repealing subsection (2) and substituting the following\emdash 
\par }\pard\plain \ltrpar\s21\ql \li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel0\adjustright\rin0\lin1440\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 "(2) A firm of practitioners duly incorporated as a company under the Companies 
Act 2017 may, despite anything to the contrary in this Act or the Companies Act 2017, may use in place of the word "Limited" or Ltd" the words "professional corporation or "PC" as part of the name of the company."
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5199517 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 62 is amended by repealing subsection (3).
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 11\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Digital Registers Act 2011
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 3 is amended by repealing paragraph (b) of the definition of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\insrsid10819251\charrsid12660660 specified Act.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 12\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Defamation Act 1993
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Clause 13 of the Schedule is amended by omitting "(other than a private company within the meaning of the Companies Act 1970-71)".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 13\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Carriage of Goods Act 1998
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 11(4) is amended by omitting "Companies Act 1970-71" and substituting "Companies Act 2017",
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 14\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Leases Restrictions Regulations 1977
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Clause 19(e) (as inserted by clause 5 of the Leases Restricti
ons (Amendment) Regulations 2006) is amended by omitting "Company whose memorandum or articles are registered in the Cook Islands pursuant to section 26 of the Companies Act 1970-71" and substituting "company incorporated or re\-
registered under the Companies Act 2017".
\par {\listtext\pard\plain\ltrpar \s46 \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 \b\dbch\af0\insrsid10819251\charrsid4487102 \hich\af0\dbch\af0\loch\f0 15\tab}}\pard\plain \ltrpar\s46\ql \fi-879\li879\ri0\sb240\sa120\widctlpar
\jclisttab\tx879\wrapdefault\aspalpha\aspnum\faauto\ls23\adjustright\rin0\lin879\itap0\pararsid12852542 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \b\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid10819251\charrsid4487102 Cook Islands Investment Corporation Act 1998
\par }\pard\plain \ltrpar\s39\ql \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 Section 17(1) is amended by omitting "Companies Act 1970-71" and substituting "Companies Act 2017".
\par }\pard \ltrpar\s39\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5199517 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid10819251\charrsid4487102 This Act is administered by the Ministry of Justice.
\par Printed under the authority of the Cook Islands Parliament-2017.
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