Companies Act 2014 section 594

Supplemental provisions in relation to section 593

Section 594 sets out the supplementary rules governing the delivery, notification, inspection, and cost approval procedures for a company's statement of affairs in a court-ordered winding up.

• The statement of affairs must be served on the liquidator (or provisional liquidator) within 21 days of the relevant date, and the liquidator must then notify employees and their representatives within 7 days of receiving it
• Persons who prepared the statement must provide additional information and assistance to the liquidator on request, and the court can compel compliance if they fail to do so
• Costs of preparing the statement must be approved in advance by the liquidator or the court before they can be reimbursed from company assets
• Creditors and contributories may inspect the statement and obtain copies on payment of the prescribed fee, but fraudulently claiming such status to gain access is a category 3 offence