Provisions applicable only to creditors’ voluntary winding up 296. Meeting of creditors Flashcards
1
Q
Provisions applicable only to creditors’ voluntary winding up
296. Meeting of creditors
A
General overview
[296.01] When a company is placing itself under a creditors’ voluntary winding up, it has to hold a general meeting to pass the necessary resolution, and also call for a creditors’ meeting to be held as soon as practicable on the same day as the general meeting or next following the day after the resolution for winding up has been passed: s 296(1).
