The Insolvency (Amendment) Rules 2010

Amendments to Rule 4.50

175.—(1) Rule 4.50 (first meetings) is amended as follows.

(2) In paragraph (2)—

(a) omit “to the court and”, and

(b) in sub-paragraph (a), omit “or is identified in the company’s statement of affairs”.

(3) For paragraph (3) substitute—

“(3) Notice for each meeting must be given at least 14 days before the date fixed for it.”.

(4) For paragraph (4) substitute—

“(4) The notice to creditors must state that proofs and (if applicable) proxies must be lodged at a specified place not later than 12.00 hours on the business day before the date fixed for the meeting in order for creditors to be entitled to vote at the meeting; and the same applies in respect of contributories and their proxies.”.

(5) After paragraph (5) insert—

“(5A) In addition to the standard contents, a notice under paragraph (5) must state—

(a) that a meeting of the creditors or contributories is to take place;

(b) the venue fixed for the meeting; and

(c) the time and date by which, and place at which, creditors must lodge proxies and hitherto unlodged proofs in order to be entitled to vote at the meeting.”.