Meeting of creditors requirement: notice, statement of affairs, presiding director and penalties for noncompliance. Meeting of creditors must be called on the day of, or the day after, the company general meeting proposing voluntary winding up; notices must be posted and advertised; the board must lay before creditors a full statement of affairs with a creditors list and estimated claims, appoint a director to preside who must attend and chair; the creditors' meeting retains effect if the company meeting is adjourned and the winding up resolution is subsequently passed; defaults by the company, board, or director incur a monetary fine and liability for officers in default.
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Provisions expressly mentioned in the judgment/order text.
Meeting of creditors requirement: notice, statement of affairs, presiding director and penalties for noncompliance.
Meeting of creditors must be called on the day of, or the day after, the company general meeting proposing voluntary winding up; notices must be posted and advertised; the board must lay before creditors a full statement of affairs with a creditors list and estimated claims, appoint a director to preside who must attend and chair; the creditors' meeting retains effect if the company meeting is adjourned and the winding up resolution is subsequently passed; defaults by the company, board, or director incur a monetary fine and liability for officers in default.
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