✨ Fees for Official Assignee and Liquidator Services
Nov. 20.] THE NEW ZEALAND GAZETTE. 3699
No. 89. (Rule 178.)
MEMORANDUM OF ADVERTISEMENT OR GAZETTING.
(Title.)
Name of Paper. Date of Issue. Date of Filing. Nature of Order, &c.
[Signed.]
SECOND SCHEDULE.
FEES PAYABLE TO THE PUBLIC ACCOUNT.
Rule 183.
Cf. Companies
(Board of
Trade) Fees
Order, 1929,
Table B
(Imperial)
I. For the audit of the Official Assignee's or liquidator's accounts by the Audit Office-
(a) A fee according to the following scale on the gross value of the assets realized
by the Official Assignee or liquidator, including the produce of calls on
contributories, but after deducting-(1) Amounts on which fees are chargeable
under subparagraph (b) of this paragraph, and (2) amounts expended by
the Official Assignee or liquidator by way of auction charges and agents'
commission and expenses in respect of assets realized by him: Provided
that where the company's business is carried on by the Official Assignee or
liquidator the gross receipts resulting therefrom shall be included in the
amount on which the fee is computed-
On the first £5,000 or fraction thereof: 1½ per cent., with a minimum
of £3 3s.
On the next £95,000 or fraction thereof: 1 per cent.
On the next £400,000 or fraction thereof: ½ per cent.
On the next £500,000 or fraction thereof: ¼ per cent.
Above £1,000,000: ⅛ per cent.
(b) Where the Official Assignee or liquidator collects, calls, or realizes property
for debenture-holders or secured creditors-
A fee (to be paid out of the proceeds of such property) according to the
scale in subparagraph (a) of this paragraph on the gross value of
such property, but after deducting amounts expended by the Official
Assignee or liquidator by way of auction charges and agents'
commission and expenses in respect of such property: Provided
that where the company's business is carried on by the Official
Assignee or liquidator for debenture-holders or secured creditors
the gross receipts resulting therefrom shall be included in the
amount on which the fee is computed.
II. Where the Official Assignee acts as a provisional liquidator only-
(a) Where no winding-up order is made upon the petition, or where a winding-up
order is rescinded, or all further proceedings are stayed prior to the
summoning of the statutory meetings of creditors and contributories-
Such amount as the Court may consider reasonable, to be paid by
the petitioner or by the company, as the Court may direct, in
respect of the services of the Official Assignee as provisional
liquidator.
(b) Where a winding-up order is made but the Official Assignee is not continued
as liquidator after the statutory meetings of creditors and contributories-
Such amount as the Court, on the application of the Official Assignee,
may consider reasonable.
III. Where the Official Assignee acts as liquidator of the company and a special manager is appointed (to include the Official Assignee's services as provisional liquidator)-
Such amount as the Court, on the application of the Official Assignee, may consider reasonable.
IV. In all other cases where the Official Assignee acts as liquidator of the company (to include his services as provisional liquidator)-
A fee according to the following scale on the amount on which fees are chargeable under paragraph I (a) of this Schedule:-
On the first £250 or fraction thereof: 12½ per cent., with a minimum of £3 3s.:
On the next £1,750 or fraction thereof: 6½ per cent:
Above £2,000: 3½ per cent.
V. Where the Official Assignee collects, calls, or realizes property for debenture-holders or secured creditors-
A fee (to be paid out of the proceeds of such property) according to the scale in paragraph IV of this Schedule on the amount on which fees are chargeable under paragraph I (b) of this Schedule.
VI. Where the Official Assignee performs any special duties not provided for in the foregoing paragraphs-
Such amount as the Court, on the application of the Official Assignee, may consider reasonable.
F. D. THOMSON,
Clerk of the Executive Council.
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VUW Te Waharoa —
NZ Gazette 1934, No 84
NZLII —
NZ Gazette 1934, No 84
✨ LLM interpretation of page content
🏭 Memorandum of Advertisement or Gazetting
🏭 Trade, Customs & IndustryAdvertisement, Gazetting, Companies
💰 Fees Payable to the Public Account for Official Assignee and Liquidator Services
💰 Finance & RevenueFees, Official Assignee, Liquidator, Audit, Companies
- F. D. Thomson, Clerk of the Executive Council