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Information to be given when examiner appointed.
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14.—(1) The directors of a company to which an examiner has been appointed shall, within 7 days of the appointment, cause to be made out, verified by affidavit and submitted to the examiner a statement in accordance with this section as to the affairs of the company.
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(2) The statement shall, in so far as is reasonably possible to do so, show as at the date of the examiner's appointment particulars of the company's assets, debts and liabilities (including contingent and prospective liabilities), the names and addresses of its creditors, the securities held by them respectively, the dates when the securities were respectively given and such further information as may be prescribed or as the court may direct.
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(3) A person to whom subsection (1) applies who makes default in complying with the requirements of this section shall be guilty of an offence and shall be liable, on summary conviction, to a fine not exceeding £1,000 and, on conviction on indictment, to a fine not exceeding £10,000.
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