(1) If the winding up continues for more than 1 year, the liquidator must:
- (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 must 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.
(2) The liquidator must 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.
Commonwealth Numbered Acts