Companies Act (Cap. 386), article 280

280. (1) The creditors at the meeting to be held in pursuance of article 278, or at any subsequent meeting may, if they think fit, by resolution appoint not more than five representatives of the creditors to a liquidation committee, and if such committee is appointed, the contributories may by resolution appoint up to f ive persons to act as their repres entatives on the committee: Provided that the creditors may, if they think fit, resolve that all or any of the persons so appointed by the company ough t not to be members of the liquidation committee, and, if the creditors so resolve, the persons mentioned in the resolution s hall not, unless the court otherwise directs, be qualified to act as members of the committee, and on any application to the court under the provisions of this sub-article the court may, if it t hinks fit, appoint other persons to act as such members in place of t he persons mentioned in the resolution. (2) Subject to the provisions of sub-article (1) or as may be otherwise prescribed, the provis ions of article 246, other than sub- articles (1) to (4) thereof, shall apply with respect to a liqu idation committee appointed under this article as they apply with respe ct to a liquidation committee appointed in a winding up by the court. COMP ANIES [CAP. 386. 177 Remuneration of liquidator.