PART 2

RECEIVERSHIP
CHAPTER 4

Statement of Affairs

Requirement to provide a statement of affairs (section 66(1))
2
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.
Rule 2.7 is included in the Rules by virtue of article 2 of S.S.I. 2017/209 - see section 70 and 71 of the Act.