Section 23, The Bankruptcy Act, 2009

(1) The creditors qualified to vote may, at their first or anysubsequent meeting by resolution, appoint a committee of inspection for the purpose of superintending the administration of the bankrupt’s property by the trustee. (2) The committee of inspection shall consist of not more than five or less than three persons possessing one or other of the following qualifications:- (a) that of being a creditor or the holder of a general proxy or general power of attorney from a creditor; but no creditor or holder of a general proxy or general power of attorney from a creditor shall be qualified to act as a member of a committee of inspection until the creditor has proved his debt and the proof has been admitted; or (b) that of being a person to whom a creditor intends to give a general proxy or general power of attorney; but no person shall be qualified to act as a member of the committee of inspection until he holds a proxy or power of attorney, and until the creditor has proved his debt and the proof has been admitted. (3) The committee of inspection shall meet at such times as it may from time to time appoint, and, failing such appointment, at least once a month; and the trustee or any member of the committee may also call a meeting of the committee as and when he thinks necessary. (4) The committee of inspection may act by a majority of their members present at a meeting, but shall not act unless a majority of the committee are present at the meeting. (5) Any member of the committee of inspection may resign his office by notice in writing signed by him, and delivered to the (6) If a member of the committee of inspection becomes bankrupt, or compounds or arranges with his creditors, or is absent from five consecutive meetings of the committee of inspection, his office shall thereupon become vacant. (7) Any member of the committee of inspection may be removed by an ordinary resolution at any meeting of creditors of which seven day’s notice has been given stating the object of the meeting. (8) On a vacancy occurring in the office of a member of the committee of inspection, the trustee shall forthwith summon a meeting of creditors for the purpose of filling the vacancy, and the meeting may, by resolution, appoint another creditor or other person eligible to fill the vacancy. (9) The continuing members of the committee of inspection, provided there is not less than three such continuing members, may act notwithstanding any vacancy and, where the number of members of the committee of inspection is for the time being less than five, the creditors may increase that number so that it does not exceed five. (10) If there is no committee of inspection, any act or thing or any direction or permission authorised by this Act or required to be done or given by the committee may be done or given by the court on the application of the trustee.