Companies Act, 2013
354. Meetings to ascertain wishes of creditors or contributories.
1. In all matters relating to the winding up of a company, the Tribunal mayŚ
a. have regard to the wishes of creditors or contributories of the company, as proved to it by any sufficient evidence;
b. if it thinks fit for the purpose of ascertaining those wishes, direct meetings of the creditors or contributories to be called, held and conducted in such manner as the Tribunal may direct; and
c. appoint a person to act as chairman of any such meeting and to report the result thereof to the Tribunal.
2. While ascertaining the wishes of creditors under sub-section (1 ), regard shall be had to the value of each debt of the creditor.
3. While ascertaining the wishes of contributories under sub-section (1 ), regard shall be had to the number of votes which may be cast by each contributory.