[F1Notification of insolvency proceedingsN.I.
Duty of directors to notify monitor of insolvency proceedings etcN.I.
13DF.—(1) The directors of a company must notify the monitor before taking any of the following steps during a moratorium—
(a)presenting a petition for the winding up of the company;
(b)making an administration application in respect of the company;
(c)appointing an administrator under paragraph 23(2) of Schedule B1.
(2) The directors of a company must notify the monitor if, during a moratorium for the company, they recommend that the company passes a resolution for voluntary winding up under Article 70(1)(b).
(3) The rules may make provision about the timing of a notice required to be given under paragraph (1) or (2).
(4) If the directors fail to comply with paragraph (1) or (2), any director who did not have a reasonable excuse for the failure commits an offence.]