3. Number of members of a creditors' committee

(1) A creditors' committee must have at least three members but not more than five members.
(2) Sub-paragraph (1) is subject to paragraphs 8 (Cessation of creditors' committee in a winding-up when creditors are paid in full) and 9 (Vacancies — creditor members of creditors' committee) of Part 3 (Membership and formalities) of this Schedule.