283A Provision of information and assistance to replacement liquidator

(1)

This section applies if a replacement liquidator is appointed.

(2)

The previous liquidator must, where practicable, provide to the replacement liquidator the information that the previous liquidator has in their possession or under their control and that the replacement liquidator reasonably requires to carry out the functions and duties of a liquidator.

(3)

The information referred to in subsection (2) includes—

(a)

the records and other documents of the company:

(b)

any information necessary to provide the replacement liquidator with control over the property of the company:

(c)

any information relating to claims:

(d)

accounting records and other documents of the liquidation.

(4)

The previous liquidator must, where practicable, provide to the replacement liquidator any assistance that the replacement liquidator reasonably requires to carry out the functions and duties of a liquidator.

(5)

A person who fails to comply with subsection (2) or (4) commits an offence and is liable on conviction to the penalty set out in section 373(2).

Section 283A: inserted, on 1 September 2020, by section 50 of the Insolvency Practitioners Regulation (Amendments) Act 2019 (2019 No 28).