679. (1) Where a meeting is required to be held under this Part and such meeting is not held within the time required or in the manner required by or under this Part, the F518[Authority] may—

(a) direct the liquidator of the company concerned to convene (or, as appropriate, reconvene) such meeting, and

(b) specify procedures that are to be followed in convening (or reconvening) and holding such meeting, matters that are to be dealt with at such meeting and the time and location of such meeting.

(2) The F518[Authority, or its] authorised representative, may attend at any meeting convened or reconvened pursuant to subsection (1).

(3) A liquidator who fails to comply with a direction under subsection (1) shall be guilty of a category 3 offence.