Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 8 · Winding Up
169. Committee of inspection
Feedback & supportThe creditors at the meeting summoned under section 165(1) or 166(1) or at any subsequent meeting may, if they think fit, appoint a committee of inspection consisting of not more than 5 persons, whether creditors or not, and if such a committee is appointed, the company may, either at the meeting at which the resolution for voluntary winding up is passed or at any time subsequently in general meeting, appoint such number of persons (but not more than 5) as the company thinks fit to act as members of the committee.
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
Despite subsection (1) —
the creditors may, if they think fit, resolve that all or any of the persons so appointed by the company ought not to be members of the committee of inspection;
if the creditors so resolve under paragraph (a), the persons mentioned in the resolution are not, unless the Court otherwise directs, qualified to act as members of the committee; and
on any application to the Court under this subsection, the Court may, if the Court thinks fit, appoint other persons to act as such members in place of the persons mentioned in the resolution.
Subject to this section and the regulations, sections 150 and 151 relating to the proceedings of and vacancies in committees of inspection apply with respect to a committee of inspection appointed under this section.