Companies Act 2014 section 593

Statement of company's affairs

Section 593 requires that a statement of the company's affairs be prepared and filed when a court orders a company to be wound up or appoints a provisional liquidator.

• A verified statement of the company's affairs must be filed in the prescribed form after a winding-up order or appointment of a provisional liquidator, unless the court orders otherwise
• The statement must detail the company's assets, debts, liabilities, creditor information, securities held by creditors, and the dates those securities were given
• Directors at the relevant date are primarily responsible for filing and verifying the statement, though the court may also require current or former officers, employees, or persons involved in the company's formation within the previous 12 months to do so
• The statement must be filed within 21 days of the relevant date (unless the court extends this), and those who prepare it are entitled to have their reasonable costs paid from the company's assets

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