PART 4Meetings and Reports

Resolutions

32.—(1) Subject to paragraph (2) and (3), at a creditors’ or members’ meeting in postal administration proceedings, a resolution is passed when a majority (in value) of those present and voting, in person or by proxy, have voted in favour of it.

(2) Every resolution passed must be recorded in writing and authenticated by the chair, either separately or as part of the minutes of the meeting, and the record must be kept as part of the sederunt book.

(3) Any resolution is invalid if those voting against it include more than half in value of the creditors to whom notice of the meeting was sent and who are not, to the best of the chair’s belief, persons connected with the company.

(4) In this Rule, “connected with the company” has the same meaning as the phrase “connected with a company” in section 249 of the 1986 Act (“connected” with a company).