[7A Office-holder's report on conduct of directors]
Company Directors Disqualification Act 1986 (1986 c 46) | Legislation

[7A  Office-holder's report on conduct of directors]

[(1)     The office-holder in respect of a company which is insolvent must prepare a report (a “conduct report”) about the conduct of each person who was a director of the company—

(a)     on the insolvency date, or

(b)     at any time during the period of 3 years ending with that date.

(2)     For the purposes of this section a company is insolvent if—

(a)     the company is in liquidation and at the time it went into liquidation its assets were insufficient for the payment of its debts and other liabilities and the expenses of the winding up,

(b)     the company has entered administration, or

(c)     an administrative receiver of the company has been appointed;

and subsection (1A) of section 6 applies for the purposes of this section as it applies for the purpose of that section.

(3)     A conduct report must, in relation to each person, describe any conduct of the person which may assist the Secretary of State in deciding whether to exercise

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