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 for creditor meetings: adjournment, reduced attendance allowing business, and chair reporting to the Tribunal. If a quorum is not present within half an hour of the appointed time, the meeting is adjourned to the same day the following week; at that adjourned meeting, at least two creditors or contributories present in person shall form a sufficient quorum to transact the business, and if even that attendance is not met the chairman must submit a report to the Tribunal for directions.
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Provisions expressly mentioned in the judgment/order text.
Quorum requirements for creditor meetings: adjournment, reduced attendance allowing business, and chair reporting to the Tribunal.
If a quorum is not present within half an hour of the appointed time, the meeting is adjourned to the same day the following week; at that adjourned meeting, at least two creditors or contributories present in person shall form a sufficient quorum to transact the business, and if even that attendance is not met the chairman must submit a report to the Tribunal for directions.
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