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TMI BlogCommittee of inspection.X X X X Extracts X X X X X X X X Extracts X X X X ..... pection (hereafter referred to as the Committee) to act with the liquidator. (2) A Committee of inspection appointed shall consist of such number of members not exceeding twelve, as the Tribunal may order, being creditors and partners of the LLP or persons holding general or special powers of attorney from creditors or partners in such proportions as may be agreed on by the meeting of creditors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall not act unless a quorum is present. (7) A member of the committee may resign by notice in writing signed by him and delivered to the liquidator. (8) If a member of the committee is adjudged an insolvent, or compounds or arranges with his creditors, or is absent from five consecutive meetings of the Committee without the leave of those members who, together with himself, represent the cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or shall not be filled except in such circumstances as may be specified in the order. (11) The continuing members of the Committee, if not less than two, may act notwithstanding any vacancy in the committee. (12) As soon as possible after the holding of the said meetings, the Liquidator shall report the result thereof to the Tribunal for further directions. (13) An application by the Liqu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be, and the Tribunal may make such order as to costs, as it may think fit. (15) Where the sanction of the Tribunal to a payment to a member of the Committee of Inspection for services rendered by him in connection with the administration of the LLP's assets is obtained, the order of the Tribunal shall specify the nature of the services, and such sanction shall only be given where the servic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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