S.L. 371.12 Art. 16Reports to creditors. Cap. 386. Cap. 386. Cap. 383.

(1) A liquidator shall send a written report setting out the position in particular as regards the progress of the winding-up once every twelve months, beginning from the date when the liquidator’s appointment has effect, to every known creditor whosesoever resident or domiciled.

(2) Where the official receiver is acting as a liquidator the first such report to creditors is to contain the information required in terms of article 227 of the Companies Act.

(3) The requirement in subregulation (1) does not apply where a liquidator is required by order of the Court to send reports to creditors at intervals which are more frequent than those required by this regulation.

(4) The duties provided for in this regulation are without prejudice to article 234 of the Companies Act and where applicable are supplemental to the duties of the Controller under the Controlled Companies (Procedure for Liquidation) Act.