The Insolvency Rules 1986 No. 1925

Prospective

THE FIRST GROUP OF PARTS E+W

PART 2 E+W ADMINISTRATION PROCEDURE

CHAPTER 2 E+W STATEMENT OF AFFAIRS AND PROPOSALS TO CREDITORS

Statement to be annexed to proposals E+W

2.16.  There shall be annexed to the administrator's proposals, when sent to the registrar of companies under section 23 and laid before the creditors' meeting to be summoned under that section, a statement by him showing—

(a) details relating to his appointment as administrator, the purposes for which an administration order was applied for and made, and any subsequent variation of those purposes;

(b) the names of the directors and secretary of the company;

(c) an account of the circumstances giving rise to the application for an administration order;

(d) if a statement of affairs has been submitted, a copy or summary of it, with the administrator's comments, if any;

(e) if no statement of affairs has been submitted, details of the financial position of the company at the latest practicable date (which must, unless the court otherwise orders, be a date not earlier than that of the administration order);

(f) the manner in which the affairs of the company will be managed and its business financed, if the administrator's proposals are approved; and

(g) such other information (if any) as the administrator thinks necessary to enable creditors to decide whether or not to vote for the adoption of the proposals.

Commencement Information

I1 Rule 2.16 in force at 29.12.1986, see rule 0.1