SCHEDULE 1Amendments to the Insolvency Rules 1986
Amendments to Rule 4.50175
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.