Meeting Of Creditors

Electrakel Pty Ltd

ACN: 153777372

ABN: 62153777372

Published: 24/10/2017

Agenda items are:

1. To receive an update from the Liquidators of the Company.



2. To consider a resolution: " That the remuneration of the Liquidators of Electrakel Pty Ltd (In Liquidation) for the period from 18 January 2017 to 4 October 2017 be determined at a sum equal to the cost of time spent by the Liquidators and their partners and staff of Cor Cordis, calculated at the hourly rates set out in the schedule of Cor Cordis Standard Rates effective 1 July 2016, 1 July 2017 and is approved for payment in the amount of $17,432.00 plus GST, and that the Liquidators can draw the remuneration immediately or as required. "



3. To consider a resolution: " That the future remuneration of the Liquidators of Electrakel Pty Ltd (In Liquidation) for the period from 5 October 2017 to the end of the liquidation be determined and approved for payment at a sum equal to the cost of time spent by the Liquidators and their partners and staff of Cor Cordis, calculated at the hourly rates set out in the schedule of Cor Cordis Standard Rates effective 1 July 2017, up to a capped amount of $15,000.00 plus GST, and that the Liquidators can draw the remuneration on a monthly basis or as required. "



4. " That the internal disbursements of the Liquidators of Electrakel Pty Ltd (In Liquidation) and their firm for the period from 1 September 2017 to the end of the liquidation be calculated as per the method and rates set out in the remuneration approval report dated 24 October 2017 and approved for payment in the amount of $500.00 plus GST and that payment can be made payment immediately. "



5. To consider a resolution that the Liquidators be authorised to destroy the books and records of the Company six months after deregistration of the Company, subject to obtaining prior approval of the Australian Securities and Investments Commission.



6. To consider appointing a committee of inspection and, if so, who are to be the committee ' s members.



7. Any other business that may lawfully arise.

Cor Cordis Chartered Accountants

Melbourne VIC 3000
E-mail: rkatsambanis@corcordis.com.au