S.L. 234.42 Art. 161Striking off of company on filing ofnoticeofjudicial sale of ship.

In the cases specified in regulation 111, the company shall be struck off upon the filing of a notice to the Registrar notifying him of the sale of the ship and the conclusion of the ranking of creditors procedure and this without the need of any further proceedings. The notice shall be in the form specified in the Seventh Schedule.