Section Sch5-3 — Companies Act 1993: Chairperson

3 Chairperson (1) If a liquidator has been appointed and is present, or if the liquidator has appointed a nominee and the nominee is present, he or she must act as chairperson of a meeting held in accordance with clause 1(a) or (b) of this Schedule. (2) At any meeting of creditors, not being a meeting held for the purposes of section 230 , where neither the liquidator nor any nominee of the liquidator is present, the creditors participating must choose 1 of their number to act as chairperson of the meeting. (2A) At any meeting of creditors held for the purposes of section 230 where there is no liquidator or neither the liquidator nor any nominee of the liquidator is present, the proponent of the compromise or the proponent's nominee must act as chairperson of the meeting; but if neither the proponent nor any nominee of the proponent is present, the creditors participating must choose 1 of their number to act as chairperson of the meeting. (3) The person convening a meeting under clause 1(c) of this Schedule must do everything necessary that would otherwise be done by the person chairing a meeting. Subclause (2) was substituted, and subclause (2A) was inserted, as from 3 June 1998, by section 21(1) Companies Amendment Act 1998 (1998 No 31).