Meeting Of Creditors

At the meeting creditors may consider a resolution:

1. to appoint a committee of inspection and, if so, who are to be the committee members; and
2. to remove the liquidator(s) from office and appoint someone else as liquidator(s) of the Company.

Other agenda items are:

To elect a Chairperson.



To consider a full statement of the affairs of the company.



To consider a statement by the director as to the circumstances leading up to the winding up.



Tabling of Declaration of Independence.



To nominate a person or persons to be Liquidator(s).



To consider the appointment of members of a Committee of Inspection if the creditors see fit to appoint such a Committee.



To fix the remuneration of the Liquidator.



To authorise the Liquidator to destroy at his discretion the books and records of the company within a period of five (5) years after dissolution of the company.