186. Meetings of members and creditors

(1) The Company shall —
(a) cause a general meeting of the Company to be summoned at which the resolution for voluntary winding-up is to be proposed; and
(b) cause a meeting of its creditors to be summoned in accordance with the provisions of Schedule 6 (Meetings and Correspondence).
(2) The Directors of the Company shall make out a Statement of Affairs of the Company and lay that statement before the creditors' meeting.
(3) If the Company or any Director, each without reasonable excuse, fails to comply with this Section, they commit a contravention and is liable to a fine at the relevant level set out in the Fines Schedule.