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 governance: quorum, calling authority, resignation, vacancy and removal rules define meeting and membership controls. Meetings of the advisory committee may be scheduled by the committee or called by the Company Liquidator or one third of members; quorum is one third of members or two, whichever is higher, and the committee acts by majority of those present only when a quorum exists. Members may resign by written notice to the Company Liquidator; office becomes vacant on insolvency, composition with creditors, or five consecutive absences without leave; removal is by ordinary resolution at a meeting of the body represented, subject to Tribunal directions and seven days' notice stating the object.
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Provisions expressly mentioned in the judgment/order text.
Advisory committee governance: quorum, calling authority, resignation, vacancy and removal rules define meeting and membership controls.
Meetings of the advisory committee may be scheduled by the committee or called by the Company Liquidator or one third of members; quorum is one third of members or two, whichever is higher, and the committee acts by majority of those present only when a quorum exists. Members may resign by written notice to the Company Liquidator; office becomes vacant on insolvency, composition with creditors, or five consecutive absences without leave; removal is by ordinary resolution at a meeting of the body represented, subject to Tribunal directions and seven days' notice stating the object.
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