SCHEDULE 8 Provisions Capable of Inclusion in Company Insolvency Rules
Conduct of insolvency
10
(1)
Provision as to the functions, membership and proceedings of a committee established under F1section 49, 68, 101, 141 or 142 of, or paragraph 57 of Schedule B1 to, this Act.
(2)
The following provision with respect to the establishment of a committee under section 101, 141 or 142 of this Act, that is to say—
(a)
provision for resolving differences between a meeting of the company’s creditors and a meeting of its contributories or members;
(b)
provision authorising the establishment of the committee without a meeting of contributories in a case where a company is being wound up on grounds including its inability to pay its debts; and
(c)
provision modifying the requirements of this Act with respect to the establishment of the committee in a case where a winding-up order has been made immediately upon the discharge of an administration order.