Section 484

(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.