Chair’s report on company meeting and decision procedure: the position under The Insolvency (England and Wales) Rules 2016
Produced in partnership with Lexa Hilliard QC of Wilberforce Chambers
Chair’s report on company meeting and decision procedure: the position under The Insolvency (England and Wales) Rules 2016

The following Restructuring & Insolvency precedent produced in partnership with Lexa Hilliard QC of Wilberforce Chambers provides comprehensive and up to date legal information covering:

  • Chair’s report on company meeting and decision procedure: the position under The Insolvency (England and Wales) Rules 2016

This Precedent sets out the position from 6 April 2017. It does not necessarily reflect the position pre-6 April 2017.

Number of matter CVA [insert matter number] of 20 [insert year]

Report of the consideration of the proposal

In accordance with Section 4(6) and 4(6A) of the Insolvency Act 1986 and Rule 2.38 of the Insolvency Rules 2016, I confirm that the company meeting in the above matter duly convened for [insert time and date] at [insert place of meeting] was held and the creditors were invited to consider the proposal at a decision procedure and I report as follows:

    1. 1

      The proposal by the directors of [insert company name] Limited for a Voluntary Arrangement under Part I of the Insolvency Act 1986 dated [insert date] was [approved OR rejected] by the company and [approved OR rejected] by the creditors with the modifications attached as Appendix 6.

      [IF THE PROPOSAL WAS APPROVED THEN ADD THE RELEVANT PARTS OF (2)]

    1. 2

      The following resolutions were taken at the meeting:

      That certain proposed modifications should be made to the proposal by addition to clauses as indicated and as set out in Appendix 6.

      This resolution was approved.

      That certain proposed modifications as set out in Appendix 7 should be rejected.

      This resolution was approved.

      That the proposal of [insert company name] Limited for a Voluntary Arrangement dated [insert date] and made under Part I of the Insolvency

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