Section 400 of Insolvency Act CAP 53: Power to fill vacancy in office of liquidator
(1) If a vacancy occurs (whether by death, resignation or otherwise) in the office of liquidator appointed by the company, the company in general meeting shall, subject to any arrangement with its creditors, appoint another authorised insolvency practitioner to fill the vacancy.
(2) For the purposes of subsection (1), a general meeting may be convened— (a) by a contributory; or
(b) if there was more than one liquidators, by the continuing liquidator or liquidators.
(3) The company shall hold the meeting—
(a) in the manner provided by this Act or by its articles; or
(b) in such manner as the Court determines on an application made by a contributory or by continuing liquidator or liquidators.
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(1) If the liquidation of a company continues for a period of twelve months or more, the liquidator shall convene a general meeting of the company—
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- Section 405 - Application of Division 4
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- Section 406 - Meeting of creditors to be convened by company
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(1) The directors of the company shall—
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(1) If a vacancy occurs in the office of liquidator, the creditors may fill the vacancy.
(2) Subsection (1) does not apply to a liquidator appointed by, or by the direction of, the Court.
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(1) A company may be liquidated by the Court if—
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(1) An application to the Court for the liquidation of a company may be made any or all of the following
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