CORPORATIONS REGULATIONS 1990 (REPEALED)

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

REGULATION 5.6.15   COSTS OF CONVENING MEETINGS OF CREDITORS ETC  

5.6.15(1)    
A person (other than a liquidator or administrator of a company under administration or of a deed of company arrangement) at whose request a meeting of creditors or contributories is convened must:

(a) if the liquidator or administrator requires a security for the payment of costs before the meeting is convened - deposit with the liquidator or administrator a sum of money; and

(b) pay the costs of convening the meeting.

5.6.15(2)    
The costs of convening a meeting of a committee of inspection or a committee of creditors must be repaid out of the assets of the company to the person causing it to be convened if:

(a) the Court so orders; or

(b) the committee by resolution so directs.