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398.   Report by Official Receiver

Revised Laws of Saint Lucia (2021)

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398.   Report by Official Receiver

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    (1)   In a case where a winding-up order is made the Official Receiver shall, as soon as practicable after receipt of the statement to be submitted under section 397, or, in a case where the court orders that no statement shall be submitted, as soon as practicable after the date of the order, submit a preliminary report to the court—

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      (a)     as to the amount of capital issued, and subscribed, and the estimated amount of assets and liabilities;

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      (b)     if the company has failed, as to the causes of the failure; and

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      (c)     whether in his or her opinion further inquiry is desirable as to any matter relating to the promotion, formation or failure of the company, or the conduct of the business thereof.

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    (2)   The Official Receiver may also, if he or she thinks fit, make a further report, or further reports, stating the manner in which the company was formed and whether in his or her opinion any fraud has been committed by any person in its promotion or formation, or by any officer of the company in relation to the company since the formation thereof, and any other matters which in his or her opinion it is desirable to bring to the notice of the court.

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