298. Committee of inspection

Question 1

298. Committee of inspection

Answer 1

General overview
[298.01] Pursuant to a creditors’ meeting summoned under ss 295 or 296, or any subsequent meeting, if the creditors think that a committee of inspection should be appointed, they should proceed to do so. The members of the committee shall not exceed five, and they may or may not be creditors: s 298(1). Note: it is the company which shall appoint the members to the committee.