Following the making of the Winding-Up Order, it is mandatory upon directors to attend an interview with the examiners of the OR and provide information regarding the reasons for the company’s failure and provide a Statement as to the Company’s Affairs (“S of A”).
It is the duty of all directors to co-operate with the OR, failure on their part to do so, could amount to an application being made to the court for their public examination and, failure to attend such examination, amounts to contempt of court and could result in their arrest and imprisonment.
In this regard, we can assist and advise directors in relation to their statutory obligations including:
- The initial interview;
- The preparation of the S of A;
- Any other matter they may be required to deal with, following the winding up of their company.