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COMPANY.

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amended or altered, or in which a matter has been wrongly or inaccurately gazetted, the Board of Trade shall re-gazette such order or matter with the necessary amendments and alterations in the prescribed form, at the expense of the company's assets, or otherwise as the Board of Trade may direct.

Liquidators and Committees of Inspection.

Remuneration of Liquidator.

154.—(1) The remuneration of a Liquidator shall, unless the Court shall otherwise order, be fixed by the committee of inspection, and shall be in the nature of a commission or per-centage of which one part shall be payable on the amount realised after deducting the sums (if any) paid to secured creditors out of the proceeds of their securities and the other part on the amount distributed in dividend.

(2) If there is no committee of inspection the remuneration of the Liquidator shall be in accordance with the scale of per-centage payable for realisation and distribution of the Official Receiver as Liquidator.

Limit of remuneration.

155.. Except as provided by the Acts or these rules, no Liquidator shall be entitled to receive out of the estate any remuneration for services rendered to the company, except the remuneration to which under the Acts and rules he is entitled as Liquidator.

Dealings with assets.

156. Neither the Liquidator nor any member of the committee of inspection of a company shall, while acting as Liquidator or member of such committee, except by leave of the Court, either directly or indirectly, by himself or any partner, clerk, agent, or servant, become purchaser of any part of the company's assets. Any such purchase made contrary to the provisions of this rule may be set aside by the Court on the application of the Board of Trade or any creditor or contributory, and the Court may make such order as to costs as the Court shall think fit.

Liquidator not to purchase from his employer or partner without Court's sanction.

157. Where the Liquidator carries on the business of the company, he shall not, without the express sanction of the Court, purchase goods for the carrying on of such business from any person whose connexion with the Liquidator is of such a nature as would result in the Liquidator obtaining any portion of the profit (if any) arising out of the transaction.

Committee of inspection.

158. No member of a committee of inspection, in a winding up shall, except under and with the sanction of the Court, directly or indirectly, by himself or any employer, partner, clerk, agent, or servant, be entitled to derive any profit from any transaction arising out of the winding up, or to receive out of the assets any payment for services rendered by him in connexion with the administration of the assets, or for any goods supplied by him to the Liquidator for or on account of the Company. If it appears to the Board of Trade that any profit or payment has been made