The Companies (Winding Up) Rules, 2020

Chapter IV Meetings of Creditors and Contributories

Rules: 45 · rules 47 to 91
Text as on: 14 August 2026

Rule 47 Notice of first or other meeting to officers of company
Rule 48 Proof of notice
Rule 49 Costs of meeting
Rule 50 Chairman of meeting
Rule 51 Resolution at creditors’ meeting
Rule 52 Resolution of contributories’ meeting
Rule 53 Copies of resolution to be filed
Rule 54 Non-receipt of notice by creditor or contributory
Rule 55 Adjournments
Rule 56 Quorum
Rule 57 Procedure in absence of quorum
Rule 58 When creditor can vote
Rule 59 Case in which creditors may not vote
Rule 60 When secured creditor can vote
Rule 61 Effect of voting by a secured creditor
Rule 62 Procedure when secured creditor votes without surrendering security
Rule 63 Admission or rejection of proof for purposes of voting
Rule 64 Minutes of proceedings
Rule 65 Report to Tribunal
Rule 66 Voting by proxies
Rule 67 Form of proxies
Rule 68 Proxies to Company Liquidator or chairman of meeting
Rule 69 Use of proxies by deputy
Rule 70 Forms to be sent with notice
Rule 71 Proxies to be lodged
Rule 72 Holder of proxy not to vote on matter in which he is financially interested
Rule 73 Minor not to be appointed proxy
Rule 74 Filling in proxy where creditor or contributory is blind or incapable
Rule 75 Proxy of person not acquainted with English
Rule 76 Submission of periodical reports to the tribunal
Rule 77 Employment of additional or special staff by Official Liquidator
Rule 78 Declaration by professional
Rule 79 Record book to be maintained by Company Liquidator
Rule 80 Registers and books to be maintained by Company Liquidator
Rule 81 All money to be paid into special bank account in a scheduled bank
Rule 82 Bills, cheques, etc. to be deposited with bank
Rule 83 Payments into Bank
Rule 84 Company Liquidator’s Dividend Account
Rule 85 Where the company has no available assets
Rule 86 Investment of surplus funds
Rule 87 Company Liquidator to examine accounts for purposes of investment
Rule 88 Investments to be made by Bank
Rule 89 Dividend and interest to be credited
Rule 90 Refunds of taxes
Rule 91 Half-yearly accounts to be filed