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[25th July 1978] [{3} by regulations made by the Department subject to
negative resolution ],the Department shall credit to the account of the
company interest on the excess at such rate as the Department of Finance may
determine. B>(3) On or before 31st March in each year all sums standing to the
credit of the account of a company which has been dissolved for a period of at
least two years (other than sums falling to be dealt with under section 308 of
the principal Act) shall be paid to the Department and applied as the
Department of Finance may direct. N Returns by Officers of the High Court A >
95. Officers of the High Court shall make to the Department such returns of
that part of the business of the High Court which relates to the winding up of
companies, at such times, and in such manner and form, as may be prescribed,
and from those returns the Department shall cause records to be prepared which
shall be kept by the registrar of companies. N >> Art.96(1) substitutes s.317
of 1960 c.22 (NI); para.(2) rep. by 1980 c.25 s.4(3) sch.5. Art.97 inserts
s.349A in 1960 c.22 (NI) N Increase of monetary limits relating to winding up
A > 98. (1) In each of the provisions of the principal Act listed in column 1
of Part I of Schedule 3 (being provisions which relate to the winding up of
companies and are concerned with the matters described in column 2 of that
Part) for the sum specified in column 3 of that Part in relation to that
provision there shall be substituted the sum so specified in column 4 of that
Part. B>(2) The Department may by regulations increase or reduce any of the
sums for the time being specified C >>( a ) in the provisions amended by
paragraph (1); or C >>( b ) in section 287(2) of the principal Act or Article
75(3) of this Order. B >(3) The transitional provisions set out in Part II of
Schedule 3 shall have effect in relation to any increase or reduction by or
under this Article. B>(4) No regulations shall be made under this Article
unless a draft of them has been approved by resolution of the Assembly. N
Transitional provisions relating to winding up A > 99. (1) Articles 66 to 74,
77 to 84, 87(1) to (3), 88 and 89 shall not apply to a winding up which
commenced before the date on which those provisions come into operation. B>(2)
The references in section 308(2) and (3) of the principal Act (as inserted by
Article 91) to a lodgment made in pursuance of subsection (1) of that section
shall be construed as including a reference to a lodgment made to the
Companies Liquidation Account or to the Companies Voluntary Liquidation
Account. B>(3) Where the period between the coming into operation of Article
93 and 31st March next following is a period of less than a year any reference
in that Article to a year ending on 31st March shall be construed as including
a reference to that period. 4 P ART V ] , and which have not been produced in
compliance with that requirement, the justice may issue a warrant authorising
any constable, together with any other persons named in the warrant and any
other constables, to enter the premises specified in the information (using
such force as is reasonably necessary for the purpose) and to search the
premises and take possession of any books or papers appearing to be such books
or papers as aforesaid, or to take, in relation to any books or papers so
appearing any other steps which may appear necessary for preserving them and
preventing interference with them.
(2) Every warrant issued under this Article shall continue in force until the
end of the period of one month after the date on which it is issued.
(3) Any books or papers of which possession is taken under this Article may be
retained for a period of three months or, if within that period there are
commenced any such criminal proceedings as are mentioned in Article 109(1)(a)
or (b) (being proceedings to which the books or papers are relevant) until the
conclusion of those proceedings.
(4) Any person who obstructs the exercise of a right of entry or search
conferred by virtue of a warrant issued under this Article, or who obstructs
the exercise of a right so conferred to take possession of any books or
papers, shall be guilty of an offence and liable on summary conviction to
imprisonment for a term not exceeding three months, or to a fine not exceeding
#200, or to both.
© 1978 Crown Copyright
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