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)
Quorum requirements restrict meeting actions to adjournment unless three voting creditors or three contributories are present. Quorum requirements restrict meeting powers to adjournment unless at least three creditors entitled to vote are present or represented for creditors' meetings, or at least three contributories are present or represented for contributories' meetings; if the total number of creditors entitled to vote or contributories does not exceed three, the presence or representation of all satisfies the requirement.
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.
Quorum requirements restrict meeting actions to adjournment unless three voting creditors or three contributories are present.
Quorum requirements restrict meeting powers to adjournment unless at least three creditors entitled to vote are present or represented for creditors' meetings, or at least three contributories are present or represented for contributories' meetings; if the total number of creditors entitled to vote or contributories does not exceed three, the presence or representation of all satisfies the requirement.
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