Companies (Reporting by Insolvency Practitioners) Regulations 2020

9 Prescribed information for liquidator’s summary report

The summary report referred to in section 257(1)(c) of the Companies Act 1993 in respect of a company in liquidation must contain—

(a)

the company name; and

(b)

the company number; and

(c)

the company New Zealand Business Number; and

(d)

the business industry classification code (see www.businessdescription.co.nz); and

(e)

where the company principally operates, identified—

(i)

by domestic region; or

(ii)

as operating nationally; or

(iii)

as operating internationally; and

(f)

the date and time that the company entered liquidation and completed liquidation; and

(g)

the date and time of appointment of the liquidator, including any liquidator who left office during the liquidation, and the date of the vacation of office; and

(h)

the subsection and paragraph (if applicable) of section 241 of the Companies Act 1993 under which the liquidation was commenced; and

(i)

the registration number (if any) of the liquidator, including any liquidator who left office during the liquidation, and contact details of the current liquidator; and

(j)

a brief summary of the reasons for commencing the liquidation; and

(k)

for an insolvent liquidation, the following information relating to creditors of the company:

(i)

a summary of any amount paid to each class of creditors including the total amount paid and the rate of payment (cents per dollar); and

(ii)

the difference between the amounts paid to each class of creditor and the estimated amounts in the liquidator’s initial report; and

(iii)

the remaining amounts owed to each class of creditor; and

(iv)

a summary of any recoveries from creditors, shareholders, and directors, including the amount and the nature of the recoveries; and

(v)

the total amount of fees paid to the liquidator, including any liquidator who left office during the liquidation, since the commencement of liquidation, including all allowances, reimbursements and other benefits; and

(l)

for a solvent liquidation, a statement confirming that every creditor has been paid in full.