Notice of no dividend or no further dividendE+W
This
adran has no associated
Memorandwm Esboniadol
148.—(1) If the administrator gives notice to creditors that no dividend (or as the case may be, no further dividend) can be declared, the notice must contain a statement to the effect either—
(a)that no funds have been realised, or
(b)that the funds realised have already been distributed or used or allocated for paying the expenses of the special administration.
(2) The notice to creditors in paragraph (1) must also be given to the FCA.
Commencement Information
I1Rule 148 in force at 12.11.2021, see rule 2