PART 2COMPANY VOLUNTARY ARRANGEMENTS (CVA)

CHAPTER 4Procedure for a CVA with a moratorium

Statement of affairs (paragraph 6(1)(b) of Schedule A1)2.11.

(1)

The statement of affairs required by paragraph 6(1)(b) of Schedule A1 must contain the same information as is required by rule 2.6.

(2)

The statement must be made up to a date not earlier than two weeks before the date of the proposal.

(3)

However the nominee may allow the statement to be made up to an earlier date (but not more than two months before the proposal) where that is more practicable.

(4)

Where the statement is made up to an earlier date, the nominee's statement to the directors on the proposal must explain why.

(5)

The statement of affairs must be verified by a statement of truth made by at least one director.