THE FIRST GROUP OF PARTS

PART 4COMPANIES WINDING UP

CHAPTER 8MEETINGS OF CREDITORS AND CONTRIBUTORIES

SECTION A: RULES OF GENERAL APPLICATION

The chairman at meetingsI14.55

(NO CVL APPLICATION)

1

This Rule applies both to a meeting of creditors and to a meeting of contributories.

2

Where the convener of the meeting is the official receiver, he, or a person nominated by him, shall be chairman.

A nomination under this paragraph shall be in writing, unless the nominee is another official receiver or a deputy official receiver.

3

Where the convener is other than the official receiver, the chairman shall be he, or a person nominated in writing by him.

A person nominated under this paragraph must be either—

a

one who is qualified to act as an insolvency practitioner in relation to the company, or

b

an employee of the liquidator or his firm who is experienced in insolvency matters.