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CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)    View history reference

Note: See section 600K.

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 75 - Meetings  

CLAUSE 75-50  RULES RELATING TO MEETINGS  

75-50(1)  

The Insolvency Practice Rules may provide for and in relation to meetings concerning companies under external administration.

75-50(2)  

Without limiting subsection (1), the Insolvency Practice Rules may provide for and in relation to:


(a) the circumstances in which meetings must or may be convened; and


(b) notice for convening meetings; and


(c) agenda; and


(d) information to be given in connection with meetings; and


(e) who is to preside at meetings; and


(f) the number of creditors or contributories required to constitute a quorum; and


(g) proxies and attorneys; and


(h) motions; and


(i) voting (including casting votes); and


(j) the circumstances in which a resolution must or may be put to creditors or contributories in a meeting; and


(k) the circumstances in which a resolution or a special resolution put to creditors or contributories in a meeting is passed; and


(l) facilities, including electronic communication facilities, to be available at meetings; and


(m) minutes; and


(n) costs in relation to meetings and security for those costs.

 



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