Section 487

(1) Subject to this Part, the administrator shall summon a meeting of the creditors Creditors' Meeting. of the company to be known as "creditors' meeting"-

(a) in the prescribed manner; and

(b) giving the prescribed period of notice to every creditor of the company of whose claim and address he is aware.

(2) A period prescribed under subsection (1) (b) may be varied in accordance with section 546 of this Act.

(3) A creditors' meeting shall be conducted in accordance with the prescribed rules.