THE FIRST GROUP OF PARTS

PART 4COMPANIES WINDING UP

CHAPTER 17CALLS (NO CVL APPLICATION)

Control by liquidation committee4.203

1

Where the liquidator proposes to make a call, and there is a liquidation committee, he may summon a meeting of the committee for the purpose of obtaining its sanction.

2

At least 7 days' notice of the meeting shall be given by the liquidator to each member of the committee.

3

The notice shall contain a statement of the proposed amount of the call, and the purpose for which it is intended to be made.