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4.156.—(1) Subject as follows, meetings of the liquidation committee shall be held when and where determined by the liquidator.
(2) The liquidator shall call a first meeting of the committee to take place within 3 months of his appointment or of the committee's establishment (whichever is the later); and thereafter he shall call a meeting—
(a)if so requested by a creditor member of the committee or his representative (the meeting then to be held within 21 days of the request being received by the liquidator), and
(b)for a specified date, if the committee has previously resolved that a meeting be held on that date.
(3) The liquidator shall give 7 days' written notice of the venue of a meeting to every member of the committee (or his representative, if designated for that purpose), unless in any case the requirement of the notice has been waived by or on behalf of any member.
Waiver may be signified either at or before the meeting.
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