Constitution and proceedings of committee of inspection.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r special powers of attorney from creditors or contributories, in such proportions as may be agreed on by the meetings of creditors and contributories, or in case of difference of opinion between the meetings, as may be determined by the [1] [Tribunal]. (2) The committee of inspection shall have the right to inspect the accounts of the liquidator at all reasonable times. (3) The c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ho, together with himself, represent the creditors or contributories, as the case may be, his office shall become vacant. (8) A member of the committee may be removed at a meeting of creditors if he represents creditors, or at a meeting of contributories if he represents contributories, by an ordinary resolution of which seven days' notice has been given, stating the object of the meeting. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -------------------------------------- Notes:- [1] Substituted for "Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [2] The words "and, failing such appointment, at least once a month," omitted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 174. [3] Substituted for "Court" by the Companies (Second Amendment) Act, 2002, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X