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6.92.—(1) A creditors' meeting is not competent to act for any purpose, except—
(a)the election of a chairman,
(b)the admission by the chairman of creditors' proofs, for the purpose of their entitlement to vote, and
(c)the adjournment of the meeting,
unless there are present in person or by proxy at least 3 creditors, or all the creditors, if their number does not exceed 3, being in either case persons entitled to vote.
(2) One person present constitutes a quorum if—
(a)he is himself a creditor with entitlement to vote and he holds a number of proxies sufficient to ensure that, with his own vote, paragraph (1) of this Rule is complied with, or
(b)being the chairman or any other person, he holds that number of proxies.
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