In re Hartley and Riley Consolidated Gold-Dredging Company Limited (In Liquidation) (No 3) - [1934] NZLR 50

Company — Mining Company — Resolution purporting to rescind Valid Call ineffective — Shares "absolutely forfeited" — Failure of Directors to sell Forfeited Shares by Auction — Return by them of Moneys paid as Call — Money had and received to use of Company — Liability of Shareholders whose Shares forfeited — Remedies of Liquidator — Companies Act, 1908, Part XII, ss 353 to 361, ss 226, 199 (b).