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Committee of inspection.

Rule 39 - Rule - LLP - Rule 39 - 39. (1) The Tribunal may, at the time of making an order for the winding up of an LLP or at any time thereafter, direct that there shall be appointed a committee of inspection (hereafter referred to as the Committee) .....

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ney from creditors or partners in such proportions as may be agreed on by the meeting of creditors and parties or in case of difference of opinion be determined by the Tribunal. (3) The Liquidator shall convene a meeting of partners and creditors, if .....

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rom time to time appoint and the liquidator or any member of the committee may also call a meeting of the committee as and when he thinks necessary. (5) The quorum for a meeting of the committee shall be one-third of the total number of the members, .....

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iquidator. (8) If a member of the committee is adjudged an insolvent, or compounds or arranges with his creditors, or is absent from five consecutive meetings of the Committee without the leave of those members who, together with himself, represent t .....

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. (10) On a vacancy occurring in the Committee, the liquidator shall forthwith summon a meeting of creditors or of partners, as the case may require, to fill the vacancy; and the meeting may, by resolution, re-appoint the same, or appoint another, cr .....

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order that the vacancy shall not be filled, or shall not be filled except in such circumstances as may be specified in the order. (11) The continuing members of the Committee, if not less than two, may act notwithstanding any vacancy in the committee .....

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ll not be filled, shall be made upon a notice to the remaining members of the Committee and such other persons as the Tribunal may direct. (14) Neither the Liquidator nor any member of the Committee shall, while acting as liquidator or member of such .....

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