Accounting
This section has no associated Explanatory Memorandum
6.40.—(1) The special manager must produce accounts, containing details of the special manager’s receipts and payments, for the approval of the liquidator.
(2) The account must be for—
(a)each three month period for the duration of the special manager’s appointment;
(b)any shorter period ending with the termination of the special manager’s appointment.
(3) When the accounts have been approved, the special manager’s receipts and payments must be added to those of the liquidator.