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Duty of liquidator to call meetings of company and of creditors at the end of every year

(1) In the event of the winding up continuing for more than one year, the liquidator shall- (a) summon a general meeting of the company and a meeting of creditors at the end of the first year from the commencement of the winding up and, if the proceeding are not concluded during the first years and extension is granted under section 387, w...

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