[F1Notification of beginning of moratoriumN.I.
20.—(1 )F2 When a moratorium comes into force, the directors shall notify the nominee of that fact forthwith.N.I.
(2 )F2 If the directors without reasonable excuse fail to comply with sub-paragraph (1), each of them shall be guilty of an offence.
F2mod. by SR 2004/307
21.—(1) When a moratorium comes into force, the nominee shall, in accordance with the rules—N.I.
(a)advertise that fact forthwith, and
(b)notify the registrar, the company and any petitioning creditor of the company of whose claim he is aware of that fact.
(2) In sub-paragraph (1)(b), petitioning creditor means a creditor by whom a winding-up petition has been presented before the beginning of the moratorium, as long as the petition has not been dismissed or withdrawn.
(3) If the nominee without reasonable excuse fails to comply with sub-paragraph (1)(a) or (b), he shall be guilty of an offence.]