Section 229: Directors’ statement
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
229. Directors’ statement
(1) Within 7 days after the administration of a company begins, the directors shall give to the administrator a statement about the company’s
business, property, affairs and financial circumstances.
(2) The administrator may extend the time for compliance with subsection (1).
(3) The administrator shall table the directors’ statement—
(a) at the first creditors’ meeting; or
(b) where the administrator has extended the time for compliance
by the directors, at the watershed meeting.