Compantes. [Ch. 31. No. 1.

601

113. The costs of summoning a meeting of creditors or contributories
at the instance of any person other than the Official Receiver or
Liquidator shall be paid by the person at whose instance it is summoned
who shall before the meeting is summoned deposit with the Official
Receiver or Liquidator (as the case may be) such sum as may be required
by the Official Receiver or Liquidator as security for the payment of such
costs. The costs of summoning such meeting of creditors or contributories,
including all disbursements for printing, stationery, postage and the hire
of room, shall be calculated at the following rate for each creditor or
contributory to whom notice is required to be sent, namely forty-eight
cents per creditor or contributory for the first twenty creditors or
contributories, twenty-four cents per creditor or contributory for the
next thirty creditors or contributories, twelve cents per creditor or
contributory for any number of creditors or contributories after the first
fifty. The said costs shall be repaid out of the assets of the company
if the Court shall by order or if the creditors or contributories (as the
case may be) shall by resolution so direct. This rule shall not apply to
meetings under sections 226 or 230 of the Ordinance.

114. Where a meeting is summoned by the Official Receiver or the
Liquidator, he or somcone nominated by him shall be Chairman of the
mecting. At every other meeting of creditors or contributories the
Chairman shall be such person as the mecting by resolution shall appoint.
This rule shall not apply to meetings under section 226 of the Ordinance,

115. At a meeting of creditors a resolution shall be deemed to be
passed when a majority in number and value of the creditors present
personally or by proxy and voting on the resolution have voted in favour
of the resolution, and at a meeting of the contributories a resolution shall
be deemed to be passed when a majority in number and value of the
contributories present personally or by proxy, and voting on the
resolution, have voted in. favour of the resolution, the value of the
contributories being determined according to the number of votes
conferred on each contributory by the regulations of the company.

116. The Official Receiver or as the case may be the Liquidator shall
file with the Registrar of the Supreme Court a copy certified by him of
every resolution of a meeting of creditors or contributories in a winding up
by the Court.

117. Where a meeting of creditors or contributories is summoned by
notice the proceedings and resolutions at the meeting shall unless the
Court otherwise orders be valid notwithstanding that some creditors or
contributories may not have received the notice sent to them.

118. The Chairman may with the consent of the meeting adjourn it
from time to time and from place to place, but the adjourned meeting
shall be held at the same place as the original meeting unless in the
tesolution for adjournment another place is specified or unless the Court
otherwise orders.

119. (1) A meeting may not act for any purpose except the election of
a chairman, the proving of debts and the adjournment of the meeting
unless there are present or represented thereat at least three creditors

Costs of
calling
meetings.

Chairman of
Meeting.

Form 72.

Ordinary
resolution of
creditors
and con-
tributories.

Copy of
resolution
to be filed.

Non-recep-
tion of notice
by a creditor.

Adjourn-
ments,

Form 73.

Quorum.