Insolvency Act · 2022 Revised Edition · Part · Judicial Management
44. Statement of proposals
Official textFrom Attorney General's Chambers, unchanged
Where a judicial management order has been made, the judicial manager shall, within 60 days (or such longer period as the Court may allow)
Court
“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
after the making of the order —
send to the Registrar and (so far as he is aware of their addresses) to all creditors a statement of his proposals for achieving
Insolvency 58
one or more of the purposes mentioned in section 32(2)(b) for whose achievement the order was made; and
lay a copy of the statement before a meeting of the company’s creditors summoned for that purpose in not less than 14 days’ notice.
The judicial manager shall also, within 60 days (or such longer period as the Court may allow) after the making of the order —
send a copy of the statement (so far as he is aware of their addresses) to all members of the company; or
publish a notice in a Malay and English local daily newspaper stating an address to which members of the company should request in writing for copies of the statement to be sent to them free of charge.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
insolvency
Defined · s 3“insolvency”, in relation to a company, includes the approval of a voluntary arrangement or the appointment of a judicial manager;
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part