COMPANIES AND ALLIED MATTERS ACT, 2020
Section 484: Administrator to be provided with statement of affairs of company.
(1) As soon as is reasonably practicable after appointment, the administrator of a company shall, by notice in the prescribed form, require one or more relevant persons to provide the administrator with a statement of the affairs of the company.
(2) The statement shall—
(a) be verified by a statement on oath;
(b) be in the prescribed form;
(c) give particulars of the company’s property, debts and liabilities;
(d) give the names and addresses of the company’s creditors;
(e) specify the security held by each creditor;
(f) give the date on which each security was granted; and
(g) contain such other information as may be prescribed.
(3) In subsection (1), “relevant person” means a person—
(a) who is or has been an officer of the company;
(b) who took part in the formation of the company during the period of one year ending with the date on which the company enters administration;
(c) employed by the company during that period; and
(d) who is or has, during the period of one year ending with the date on which the company enters administration, been an officer or employee of a company.
(4) For the purpose of subsection (3), a reference to employment is a reference to employment through a contract of employment or a contract for services.
(5) A person commits an offence if he fails, without reasonable excuse, to comply with a requirement of this section.
Cite this section
Section 484, COMPANIES AND ALLIED MATTERS ACT, 2020 (2020).
https://repo.podus.ai/laws/companies-and-allied-matters-act-2020/section/484/