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Rule 58: When creditor can vote · Complied AI

Chapter 37
Rule 58

Rule 58Chapter 37

When creditor can vote

When creditor can vote.- In the case of a meeting of creditors held under section 287 or of any adjournment thereof, a person shall not be entitled to vote as a creditor unless he has duly lodged with the Company Liquidator not later than the time mentioned for that purpose in the notice convening the meeting, a proof of the debt which he claims to be due to him from the company and in the case of other meeting of creditors, a person shall not be entitled to vote as a creditor unless he has lodged with the Company Liquidator a proof of the debt which he claims to be due to him from the company and such proof has been admitted wholly or in part before the date on which the meeting is held:

Proviso

Provided that this rule and rules 59 to 62 shall not apply to a meeting of creditors held prior to the meeting of creditors under section 287:

Proviso

Provided further that this rules shall not apply to any creditors or class of creditors who by virtue of these rules or any directions given there under are not required to prove their debts.

Rule 57 Rule 58 Rule 59