Committee of Inspection appointment at creditors' meeting determines creditor representation and requires proofs and proxies lodged with the liquidator. A creditors' meeting is called under rule 170 to determine whether a Committee of Inspection shall be appointed to act with the liquidator and who its members will be. Creditors must lodge their proof with the liquidator by the stated deadline to vote; forms of proof and of general and special proxies are provided and proxies must be lodged by the prescribed time. The LLP's statement of affairs may be inspected at the liquidator's office on payment of the prescribed fee.
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.
Committee of Inspection appointment at creditors' meeting determines creditor representation and requires proofs and proxies lodged with the liquidator.
A creditors' meeting is called under rule 170 to determine whether a Committee of Inspection shall be appointed to act with the liquidator and who its members will be. Creditors must lodge their proof with the liquidator by the stated deadline to vote; forms of proof and of general and special proxies are provided and proxies must be lodged by the prescribed time. The LLP's statement of affairs may be inspected at the liquidator's office on payment of the prescribed fee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
