Companies Act (Cap. 386)
Companies Act (Cap. 386), article 232
232. (1) In the case of a first meeting of creditors or of an
adjournment thereof a person shall not be entitled to vote as a
creditor unless he has duly lodged with the liquidator, not lat er than
the time mentioned for that purpose in the notice convening the
meeting or adjourned meeting, a proof of the debt which he claims
to be due to him from the company.
(2) In the case of a subsequent meeting of creditors held in a
winding up by the court, a person shall not be entitled to vote as a
creditor unless he has lodged w ith the liquidator a proof of th e debt
which he claims to be due to him from the compan y and such proo f
has been admitted wholly or in part before the date on which th e
meeting is held.
(3) The chairman as provided for in article 297(3) shall have
power to admit or reject a creditor’s proof of his debt for the
purpose of voting, but his decision shall be subject to appeal to the
court. If he is in doubt whether a creditor’s proof of his debt shall
be admitted or rejected, the chairman shall mark it as objected to
and allow the creditor to vote, subject to the vote being decla red
invalid in the event of the objection being sustained.
(4) A guarantor of a debt owed by the company shall not be
deemed a creditor for the purpos es of this Title unless he has
discharged the guaranteed debt in full.
Notice of first
meeting to officers
of company.
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