Section 446 of Insolvency Act CAP 53: Duty of liquidator to convene final general meeting of company's creditors

    

(1) If, in the case of a company that is being liquidated by the Court, the liquidator (not being the Official Receiver) is satisfied that the liquidation of the company is for all practical purposes complete, the liquidator shall convene a final general meeting of the company's creditors.
(2) At the final meeting, those present shall—
(a) consider the liquidator's report of the liquidation; and
(b) determine whether the liquidator should be released under section 471.
(3) If appropriate, the liquidator may give the notice convening the final general meeting at the same time as giving notice of any final distribution of the company's property.
(4) The liquidator shall ensure that sufficient funds from the company's property are retained to cover the expenses of convening and holding the meeting required by this section.


Disclaimer: This document is not to be taken as legal advise.

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