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38(1)Section 590 (appointment of committee of inspection) shall be amended as follows.
(2)For subsection (1) there shall be substituted the following subsection—
“(1)The creditors at the meeting to be held under section 85 of the Insolvency Act 1985 or at any subsequent meeting may, if they think fit, appoint a committee of not more than 5 persons to exercise the functions conferred on it by or under this Act or Part U of that Act.”
(3)In subsection (3), for the words " committee of inspection " there shall be substituted the words " committee established under this section ".
(4)In subsection (5), for the words " committees of inspection " there shall be substituted the words " such committees ".
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