PART 2RECEIVERSHIP
CHAPTER 6Receiver's summary of receipts and payments
[Note: a document required by the Act or these Rules must also contain the standard contents required as set out in Part 1.]
Summary of receipts and payments2
1
The receiver must deliver a summary of receipts and payments as receiver to—
a
AiB;
b
the company (and if it is then subject to other insolvency proceedings under Parts 1 to 5 of the Act, the office-holder in relation to those insolvency proceedings);
c
the holder of the floating charge by virtue of which the receiver is appointed; and
d
each member of the creditors' committee.
2
The summary must be delivered to those persons within 2 months after—
a
the end of the period of 12 months from the date of being appointed;
b
the end of every subsequent period of 12 months; and
c
ceasing to act as receiver (unless there is a joint receiver who continues in office).
3
The court may, on the receiver's application, extend the period of 2 months referred to in paragraph (2).
4
The summary must—
a
contain identification details for the company;
b
contain identification details for the receiver;
c
contain contact details for the receiver;
d
state the date of the receiver's appointment.
5
The summary must show receipts and payments—
a
during the relevant period of 12 months, or
b
where the receiver has ceased to act, during the period—
i
from the end of the last 12 month period to the time when the receiver so ceased, or
ii
if there has been no previous summary, since being appointed.
6
This rule is without prejudice to the receiver's duty to produce proper accounts otherwise than as above.
7
A receiver who makes default in complying with this rule is guilty of an offence.