Section 298: Obligation to consult with Director
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.
298. Obligation to consult with Director
(1) Every prescribed company to which a notice is given under section
297 shall forthwith consult with the Director as to—
(a) the circumstances, including financial circumstances, of that
company; and
(b) the way in which the difficulties of that company may be resolved.
(2) Every related company of a company to which a notice has been
given under section 297 or any officer or employee or associated person of
that company, shall, when required to do so by the Director by notice in
writing, forthwith consult with the Director as to—
(a) the circumstances, including the financial circumstances of that
company; and
(b) the way in which the difficulties of that company may be resolved.