PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Advisory committee vacancies in winding-up: creditors or contributories recommend replacements; liquidator or tribunal may decide otherwise. On a vacancy in an advisory committee the Company Liquidator must summon creditors or contributories to recommend a replacement, or may apply to the Tribunal to permit the vacancy to remain unfilled; continuing members (if at least two) may act despite vacancies, and if creditors or contributories fail to fill the vacancy the Liquidator must report to the Tribunal which may order a replacement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Advisory committee vacancies in winding-up: creditors or contributories recommend replacements; liquidator or tribunal may decide otherwise.
On a vacancy in an advisory committee the Company Liquidator must summon creditors or contributories to recommend a replacement, or may apply to the Tribunal to permit the vacancy to remain unfilled; continuing members (if at least two) may act despite vacancies, and if creditors or contributories fail to fill the vacancy the Liquidator must report to the Tribunal which may order a replacement.
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