Revised Laws of Saint Lucia (2021)

301.   Contents of statement

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    (1)   The statement as to the affairs of a company required by section 300 to be submitted to the receiver or his or her successor shall show, as at the date of the receiver's appointment—

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      (a)     the particulars of the company's assets, debts and liabilities;

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      (b)     the names, addresses and occupations of the company's creditors;

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      (c)     the security interests held by the company's creditors respectively;

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      (d)     the dates when the security interests were respectively created; and

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      (e)     such further or other information as is prescribed.

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    (2)   The statement of affairs of the company shall be submitted by, and be verified by, the signed declaration of at least one person who is, at the date of the receiver's appointment, a director, and by the secretary of the company at that date, or by such of the persons, hereafter in this subsection mentioned, as the receiver or his or her successor, subject to the direction of the Registrar, may require to submit and verify the statement, namely: persons who—

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      (a)     are or have been officers of the company;

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      (b)     have taken part in the formation of the company at any time within one year before the date of the receiver's appointment;

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      (c)     are in the employment of the company, or have been in the employment of the company within that year, and, in the opinion of the receiver, are capable of giving the information required; or

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      (d)     are, or have been within that year officers of, or in the employment of, an affiliated company.

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    (3)   Any person making or verifying the statement of affairs of a company, or any part of it, shall be allowed and paid by the receiver or his or her successor out of the receiver's receipts, such costs and expenses incurred in and about the making or verifying of the statement as the receiver or his or her successor considers reasonable, subject to an appeal to the court.

Division D: Prospectuses

Interpretation