THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 5.5 - VOLUNTARY WINDING UP
Division 4 - Voluntary winding up generally
SECTION 508 ANNUAL MEETING OF CREDITORS 508(1) [Duty of liquidator to convene meeting] If the winding up continues for more than 1 year, the liquidator shall: (a) in the case of a members' voluntary winding up - convene a general meeting of the company; or (b) in the case of a creditors' voluntary winding up - convene a general meeting of the company and a meeting of the creditors; within 3 months after the end of the first year from the commencement of the winding up and the end of each succeeding year, and shall lay before the meeting or each meeting an account of his or her acts and dealings and of the conduct of the winding up during that first year or that succeeding year, as the case may be. 508(2) [Notices of meeting] The liquidator shall cause the notices of the meeting of creditors to be sent by post to the creditors simultaneously with the sending of the notices of the meeting of the company.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.