The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018

[F1 Replacement or additional monitor’s statement and consent to act: standard contents and requirements (section A39(4)) S

1A.22.— (1) A statement by a proposed replacement or additional monitor under section A39(4) must be lodged with the court in accordance with paragraph (2).

(2) The statement must—

(a) be headed “Proposed monitor’s statement and consent to act”;

(b) contain the following—

(i) a certificate that the proposed monitor is qualified to act as an insolvency practitioner in relation to the company;

(ii) the name of the relevant recognised professional body which is the source of the proposed monitor’s authorisation;

(iii) the proposed monitor’s IP number; and

(iv) a statement that the proposed monitor consents to act as a replacement monitor or, as the case may be, an additional monitor, in relation to the company;

(c) indicate the date on which the statement was made;

(d) be authenticated by the proposed replacement monitor or, as the case may be, the proposed additional monitor; and

(e) be made within the period of 5 business days ending with the day on which the statement is lodged with the court.]

Textual Amendments

F1 Pt. 1A inserted (1.10.2021) by The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) (Amendment) Rules 2021 (S.I. 2021/1026), rules 1, 6 (with rules 4, 5)