PART 2RECEIVERSHIP

CHAPTER 4Statement of Affairs

Requirement to provide a statement of affairs (section 66(1)) M12.7.

(1)

A requirement under section 66(1) for a nominated person to make out and submit to the receiver a statement of the affairs of the company must be made by a notice delivered to such a person.

(2)

The notice must be headed “Notice requiring statement of affairs” and must—

(a)

identify the company immediately below the heading;

(b)

identify the receiver;

(c)

state the date of the receiver's appointment;

(d)

state the name of the nominated person;

(e)

require the nominated person to prepare and submit to the receiver a statement of the affairs of the company on a specified date, being the date of the receiver's appointment;

(f)

inform each nominated person of—

(i)

the name and address of any other nominated person to whom a notice has been delivered;

(ii)

the date by which the statement must be delivered to the receiver; and

(iii)

the effect of section 66(6) (penalty for non-compliance).

(3)

The receiver must inform each nominated person that a document for the preparation of the statement of affairs capable of completion in compliance with rule 2.8 can be supplied if requested.