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Power of court to stay or restrain proceedings. 353.(1) Subject to sub-section (2), the provisions of this Part with respect to unregistered companies shall be in addition to and not in restriction of the foregoing provisions of this Act with respect to winding up companies by the court, and the court or liquidator may exercise any powers or do any act in the case of unregistered companies which might be exercised or done by it or him in winding up companies formed and registered under this Act. (2) An unregistered company shall not, except in the event of its being wound up, be deemed to be a company under this Act, and then only to the extent provided by this Part.
© 1960 Crown Copyright
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