Power of Company Liquidator to accept shares, etc., as consideration for sale of property of company.

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..... up voluntarily and the whole or any part of its business or property is proposed to be transferred or sold to another company (the transferee company), the Company Liquidator of the transferor company may, with the sanction of a special resolution of the company conferring on him either a general authority or an authority in respect of any particular arrangement, (a) receive, by .....

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..... who did not vote in favour of the special resolution and expresses his dissent therefrom in writing addressed to the Company Liquidator, and left at the registered office of the company within seven days after the passing of the resolution, may require the liquidator either (a) to abstain from carrying the resolution into effect; or (b) to purchase his interest a .....

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