307. Annual meeting of members and creditors

Question 1

307. Annual meeting of members and creditors

Answer 1

General overview
[307.01] In cases where the members’ or creditors’ voluntary winding up continues for more than a year, the liquidator must summon a general meeting of the members or creditors (as the case may be) and lay an account of the liquidator’s acts, dealings and conduct of the winding up for the year. Such meeting must be called on the anniversary of the commencement of the winding up and of each subsequent year and in any case not more than three months thereafter: s 307(1).