614
No. 7 of 1891.
BANKRUPTCY.
First and other meetings of creditors. Proceedings consequent on Receiving Order.
15.-(1) As soon as may be after the making of a receiving order against a debtor, the first general meeting of his creditors shall be held for the purpose of considering whether a proposal for a composition or scheme of arrangement can be entertained or whether it is expedient that the debtor shall be adjudged bankrupt, and generally as to the mode of dealing with his property.
[46 & 47 Vict. c. 52 s. 15 form 16.
(2) Unless the Court otherwise orders, such meeting shall be held within 28 days of the date of the receiving order, and not less than 3 days' notice of the time and place thereof shall be given in the Gazette and a local newspaper.
(3) The meeting shall be presided over by the Official Receiver and the proceedings thereat shall be recorded by him in writing.
(4) A person shall not be entitled to vote at the first or any subsequent meeting unless he has proved his debt.
(5) A creditor who has proved may vote either in person or by proxy appointed under his hand or by attorney duly authorised in that behalf. A person claiming to vote for or on behalf of a creditor shall satisfy the Official Receiver of his right to do so or be precluded from voting.
(6) The meeting may be adjourned from time to time and from place to place.
(7) Previous to the first meeting it shall be the duty of the Official Receiver to give notice in writing, as he may think fit, to such persons as are mentioned as creditors in the debtor's statement of affairs or as he knows to be or has reason to believe are creditors of the estate. The notice shall state-
(a) the time and place of meeting;
(b) that the creditor cannot vote unless he previously proves his debt;
(c) that forms of proof and proxy can be obtained at the office of the Official Receiver during office hours; and
(d) that at such meeting the creditors will be asked to consider whether the debtor shall be adjudged bankrupt or whether they will entertain a proposal for a composition or scheme of arrangement.
(8) Any subsequent meeting shall be summoned by giving notice in writing to such of the creditors as have proved, and such notice shall state the object for which such meeting is summoned.
614
No. 7 of 1891.
BANKRUPTCY.
First and
other meet- ings of creditors.
Proceedings consequent on Receiving Order.
15.-(1) As soon as may be after the making of a receiving order against a debtor, the first general meeting of his creditors shall be held for the purpose of considering whether a proposal for a com- position or scheme of arrangement can be entertained or whether.it and Ist sch.] is expedient that the debtor shall be adjudged bankrupt, and
generally as to the mode of dealing with his property.
[46 & 47 Vict. c. 52 s. 15
form 16.
(2) Unless the Court otherwise orders, such meeting shall be held within 28 days of the date of the receiving order, and not less than 3 days notice of the time and place thereof shall be given in the Gazette and a local newspaper.
(3) The meeting shall be presided over by the Official Receiver and the proceedings thereat shall be recorded by him in writing.
(4) A person shall not be entitled to vote at the first or any subsequent meeting unless he has proved his debt.
(5) A creditor who has proved may vote either in person or by proxy appointed under his hand or by attorney duly authorised in that behalf. A person claiming to vote for or on behalf of a creditor shall satisfy the Official Receiver of his right to do so or be precluded from voting.
(6) The meeting may be adjourned from time to time and from place to place.
(7) Previous to the first meeting it shall be the duty of the Official Receiver to give notice in writing, as he may think fit, to such per-- sons as are mentioned as creditors in the debtor's statement of affairs or as he knows to be or has reason to believe are creditors of the estate. The notice shall state-
(a) the time and place of meeting ;
(b) that the creditor cannot vote unless he previously proves his debt;
(c) that forms of proof and proxy can be obtained at the office of the Official Receiver during office hours; and
(d) that at such meeting the creditors will be asked to consider whether the debtor shall be adjudged bankrupt or whether they will entertain a proposal for a composition or scheme of arrangement.
(8) Any subsequent meeting shall be summoned by giving notice in writing to such of the creditors as have proved, and such notice shall state the object for which such meeting is summoned.
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