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COMPANIES ACT 1963 - SECT 264 Alternative provisions as to annual and final meetings if liquidator is of opinion that company unable to pay its debts.

264.—(1) Subject to subsection (2), where section 261 has effect, sections 272 and 273 shall apply to the winding up to the exclusion of sections 262 and 263, as if the winding up were a creditors' voluntary winding up and not a members' voluntary winding up.

(2) The liquidator shall not be required to summon a meeting of creditors under section 272 at the end of the first year from the commencement of the winding up, unless the meeting held under section 261 is held more than 3 months before the end of that year.