PART 6CREDITORS' VOLUNTARY WINDING UP

CHAPTER 3Nomination and appointment of liquidators and information to creditors

Invitation to creditors to form a liquidation committee6

1

Where any decision is sought from the company's creditors—

a

in a creditors' voluntary winding up; or

b

where a members' voluntary winding up is converting in a creditors' voluntary winding up;

the convener of the decision must at the same time deliver to the creditors a notice inviting them to decide whether a liquidation committee should be established if sufficient creditors are willing to be members of the committee.

2

The notice must also invite nominations for membership of the committee, such nominations to be received by a date specified in the notice.

3

The notice must state that nominations—

a

must be delivered to the convener by the specified date; and

b

can only be accepted if the convener is satisfied as to the creditor's eligibility under rule 17.4.