The First Group of PartsCompany Insolvency ; Companies Winding Up
PART IIAdministration Orders
Administrator's proposals
23Statement of proposals
1
Where an administration order has been made, the administrator shall, within 3 months (or such longer period as the court may allow) after the making of the order—
a
send to the registrar of companies and (so far as he is aware of their addresses) to all creditors a statement of his proposals for achieving the purpose or purposes specified in the order, and
b
lay a copy of the statement before a meeting of the company's creditors summoned for the purpose on not less than 14 days' notice.
2
The administrator shall also, within 3 months (or such longer period as the court may allow) after the making of the order, either—
a
send a copy of the statement (so far as he is aware of their addresses) to all members of the company, or
b
publish in the prescribed manner a notice stating an address to which members of the company should write for copies of the statement to be sent to them free of charge.
3
If the administrator without reasonable excuse fails to comply with this section, he is liable to a fine and, for continued contravention, to a daily default fine.