643 Solvency statement

643  Solvency statement

(1)     A solvency statement is a statement that each of the directors—

(a)     has formed the opinion, as regards the company's situation at the date of the statement, that there is no ground on which the company could then be found to be unable to pay (or otherwise discharge) its debts; and

(b)     has also formed the opinion—

(i)     if it is intended to commence the winding up of the company

Powered by Lexis+®

Popular documents