SCHEDULE 7 CREDITORS' COMMITTEES
- PART 1 INTRODUCTORY
- PART 2 INTERPRETATION
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PART 3 MEMBERSHIP AND FORMALITIES
- 3. Number of members of a creditors' committee
- 4. Eligibility to be a member of a creditors' committee
- 5. Eligibility of body corporate to be a member of creditors' committee
- 6. Formalities of establishment (certificate of due constitution)
- 7. Issue of an amended certificate of due constitution
- 8. Cessation of creditors' committee in a winding-up when creditors are paid in full
- 9. Vacancies — creditor members of creditors' committee
- 10. Resignation
- 11. Termination of membership
- 12. Removal
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PART 4 MEETINGS OF COMMITTEE
- 13. Meetings of committee
- 14. The chairman at meetings
- 15. Quorum
- 16. Committee members' representatives
- 17. Voting rights and resolutions
- 18. Resolutions by correspondence
- 19. Remote attendance at meetings of creditors' committees
- 20. Procedure for requests that a place for a meeting should be specified
- PART 5 SUPPLY OF INFORMATION TO THE LIQUIDATION COMMITTEE
- PART 6 MISCELLANEOUS
- PART 7 WINDING-UP BY THE COURT — ADMINISTRATION FOLLOWED BY WINDING-UP