Meeting Resolutions may now be voted on without the need for calling and holding a traditional meeting.
Additional document templates and processes have been added to accommodate for different methods of handling proposals without meetings.
The normal voting requirements apply in so far as:
- providing all the relevant information to the creditor on the voting
- providing information the creditor of their rights
- spelling out the reasons and effect of their vote
- explain how to vote and how to object to voting without out a meeting
- asking the creditor to submit a proof of debt
- as the meeting is not attended it is not necessary to obtain a proxy
- the same requirements for voting apply as far as seeking the required individuals to authorise a proof of debt.
- in the case of remuneration determinations, a remuneration report must be provided.
Types of proposals
There are specific types of resolutions that may be conducted without a meeting:
- fee approval
- costs approvals (non administrative)
- destruction of books and records
Different ways you may call for a proposal without a resolution
There have been several processes identified as possible means whereby an external administrator can call for a vote on a proposal.
You may send to a creditor a voting form via email and ask the creditor to complete the form and email it back to you.
via the creditors' portal
Once registered, creditors may complete a proof of debt online and submit their votes to a proposal online.
Voting on proposals electronically