All sections · Part XVII: Striking Off, Winding Up And Dissolution · Sub-Part III: Voluntary Winding Up of Insolvent Company

300 如果发现公司无力偿债

(1) 如果根据第II部(有偿付能力的公司的自愿清盘)进行自愿清盘的公司的清算人在任何时候认为该公司无偿付能力,他应立即--。
(a) 根据第二分节中止自愿清算的进行;以及
(b) 向本公司的每个成员和已知债权人发出书面通知。
(2) 清算人如违反第(1)款,即属犯罪,一经定罪,可处以不超过10,000美元的罚款。

Translation for information only. Only the English original is legally binding.

Original wording (English, legally binding): Where company found to be insolvent
(1) If at any time the liquidator of a company in voluntary liquidation under
Sub-Part II (Voluntary Winding Up of Solvent Company) is of the opinion
that the company is insolvent, he shall forthwith —

(a) cease carrying out the voluntary winding up under Sub-Part II;
and

(b) provide a written notice thereof to each member and known
creditor of the company.

(2) A liquidator who contravenes subsection (1) commits an offence and is
liable on conviction to a fine not exceeding US$10,000.
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