Document ID: chunk:federal_register_of_legislation:C2004A02530:body:0:p22
Version: federal_register_of_legislation:C2004A02530
Segment Type: other
Provision Reference: 
Character Range: 53541–56447

and, where the Court makes such an order, the company is dissolved on the date specified in the order.".

Disqualification of liquidators
69. Section 417 of the Principal Act is amended by omitting from sub-section (5) "14" and substituting "7".

Notice of appointment and address of liquidator
70. Section 421 of the Principal Act is amended by omitting from sub-section (1) "situation" (first occurring) and substituting "address".

Unclaimed property to be paid to Minister
71. Section 427 of the Principal Act is amended by omitting from sub-section (3) "the prescribed certificate of receipt" and "that certificate" and substituting "a receipt" and "that receipt" respectively.

Disclaimer of onerous property
72. Section 454 of the Principal Act is amended—
    (a) by omitting from sub-section (2) "or the committee of inspection" and "or the committee";
    (b) by omitting from sub-section (4) "or committee of inspection"; and
    (c) by omitting from sub-section (4) "or committee" (second and third occurring).

Application of Act to no liability companies
73. Section 475 of the Principal Act is amended by omitting "section 378" and substituting "paragraphs 378 (1) (a) and (b), sub-sections 378 (2), (3) and (4)".

Unregistered foreign company not to establish place of business or carry on business in the Territory
74. Section 512 of the Principal Act is amended—
    (a) by omitting paragraphs (2) (c) and (d) and substituting the following paragraphs:
        "(c) a list of its directors or the members of its committee of management, council or other governing body by whatever name called, containing particulars with respect to those directors or members that are equivalent to the particulars that are required by this Act to be contained in the register of the directors, principal executive officers and secretaries of a company incorporated under this Act;
        (d) where the list referred to in paragraph (c) includes directors, or members of a committee of management, council or other governing body, who are—
             (i) resident in the Territory; and
             (ii) members of a local board of directors, committee of management, council or other governing body,
        a memorandum duly executed by or on behalf of the foreign company stating the powers of those local directors or members;";
    (b) by omitting from paragraph (2) (e) "(being a memorandum or power of attorney verified by a statement in writing)";
    (c) by inserting after paragraph (2) (f) the following paragraph:
        "(fa) notice of the address of its registered office or, if there is no registered office, of its principal place of business, in its place of incorporation or formation;"; and
    (d) by omitting from paragraph (2) (g) "situation" and substituting "address".

Agents
75. Section 514 of the Principal Act is amended by omitting from sub-section (1) "by a statement in