Corporations Act 2001
SCHEDULE 2
-
INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)
ASIC may, in writing, direct an external administrator of a company to convene a meeting of the creditors.
75-20(2)
ASIC may include in the direction requirements to be complied with by the external administrator in notifying the creditors of the meeting and in conducting the meeting.
75-20(3)
The external administrator must comply with a direction given under subsection (1), and any requirements included in the direction under subsection (2).
75-20(4)
A direction given under subsection (1) is not a legislative instrument.
Note: See section 600K .
PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS Division 75 - Meetings CLAUSE 75-20 EXTERNAL ADMINISTRATOR MUST CONVENE MEETING IF REQUIRED BY ASIC 75-20(1)ASIC may, in writing, direct an external administrator of a company to convene a meeting of the creditors.
75-20(2)
ASIC may include in the direction requirements to be complied with by the external administrator in notifying the creditors of the meeting and in conducting the meeting.
75-20(3)
The external administrator must comply with a direction given under subsection (1), and any requirements included in the direction under subsection (2).
75-20(4)
A direction given under subsection (1) is not a legislative instrument.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.