23(1)Section 99 (directors to lay statement of affairs before creditors) is amended as follows.U.K.
(2)For subsection (1) substitute—
“(1)The directors of the company must, before the end of the period of 7 days beginning with the day after the day on which the company passes a resolution for voluntary winding up—
(a)make out a statement in the prescribed form as to the affairs of the company, and
(b)send the statement to the company's creditors.”
(3)For subsection (3) substitute—
“(3)If the directors without reasonable excuse fail to comply with subsection (1), (2) or (2A), they are guilty of an offence and liable to a fine.”
Commencement Information
I1Sch. 9 para. 23 in force at 26.5.2015 for specified purposes by S.I. 2015/1329, reg. 3(d)
I2Sch. 9 para. 23 in force at 6.4.2017 for E.W. in so far as not already in force by S.I. 2016/1020, reg. 4(e) (with reg. 5) (as amended by S.I. 2017/363, reg. 3)
I3Sch. 9 para. 23 in force at 6.4.2019 for S. in so far as not already in force by S.I. 2019/816, reg. 4(c) (with reg. 5)