Section 564 of Insolvency Act CAP 53: Relevant persons to provide administrator with statement of company's affairs
(1) As soon as practicable after becoming administrator of a company, the administrator shall give notice requiring one or more relevant persons to provide the administrator with a statement of the company's affairs that complies with subsection (2).
(2) A statement complies with this subsection if it—
(a) is verified by a statutory declaration;
(b) gives the particulars of the company's property, debts and liabilities prescribed by the insolvency regulations for the purposes of this section;
(c) gives the names and addresses of the company's creditors;
(d) specifies the security (if any) held by each creditor;
(e) gives the date on which each such security was given; and
(f) contains such other information (if any) as may be so prescribed.
(3) In subsection (1) "relevant person" means any of the following—
(a) a person who is an officer of the company;
(b) a person who took part in the formation of the company during the period of twelve months ending with the date on which the company enters administration;
(c) a person employed by the company during that period;
(d) a person who is or has been during that period an officer or employee of the company.
(4) For the purpose of subsection (3), a reference to being employed includes being employed through a contract for the supply of services.
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