No. 7/2018 INSOLVENCY Cap.6:07 (8) If the liquidator fails to convene a meeting as contemplated in subsections (l) or (7), the Master may take any steps he or she considers necessary to force the liquidator to convene a meeting of creditors of the insolvent estate. (9) If the majority in value or number of creditors voting at the meeting reject the liquidator's report the liquidator must submit a report to an adjourned or subsequent meeting or refer the report to the Master \vho may give such directions in regard to the report as the Master considers appropriate. 51 Special meeting of creditors ( 1) The liquidator of an insolvent estate may at any time and must, if requested thereto by not less than one quarter in value of creditors who have proved claims against the estate, or at the request of the Master, or whenever a composition has to be considered, convene a special meeting of creditors of the estate: Provided that the liquidator must convene a special meeting for the proof of claims if requested to do so by a creditor who tenders payment of the costs occasioned by the meeting. (2) A special meeting of creditors may deal with(a) the proof of claims against the estate; (b) (c) the examination of any person in terms of the Act; the consideration of a composition; (d) directives to the liquidator with regard to any matter affecting the liquidation of the insolvent estate. (3) The liquidator must publish in the Gazette not less than 14 days before the date set for the meeting referred to in subsection ( 1) a notice of the time and place of the meeting and the matters to be dealt with. (4) The liquidator must, not less than fourteen days before the date determined in the Gazette for the holding of the meeting, send by liquidator's notice to every creditor whose name and address are known to him or her or which he or she can reasonably obtain and to the head office of every registered trade union which has notified the liquidator that it represents employees of the debtor(a) a copy of any composition which is to be considered; (b) a copy of any report contemplated in section 46(1) to be considered at the meeting; (c) a written draft of any resolution or direction which in his or her opinion should be taken or given at that meeting; (d) a copy of the notice contemplated in subsection (3). (5) The liquidator must on or before the time of day advertised for the meeting on the second working day before the date set for the meeting, lodge with the person who is to preside at the meeting copies of the documents sent to creditors in terms of subsection (4) together with a list of the names and addresses of the persons to whom they were sent. (6) The liquidator may at any time after his report has been accepted by creditors or by the Master, by notice in the Gazette fix a date after which creditors who have not proved claims against the estate will be excluded from participation in any distribution in terms of an account lodged with the Master within two weeks after that date. (7) The said notice must be published not less than four weeks before the date so fixed, and before such publication a copy thereof must be sent by liquidator's notice to each unproved creditor whose name and address are known to the liquidator or which he or she can reasonably obtain. 240

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