Section A19 Publicity about moratoriumF1

(1)

During a moratorium, the company must, in any premises—

(a)

where business of the company is carried on, and

(b)

to which customers of the company or suppliers of goods or services to the company have access,

display, in a prominent position so that it may easily be read by such customers or suppliers, a notice containing the required information.

(2)

During a moratorium, any websites of the company must state the required information.

(3)

During a moratorium, every business document issued by or on behalf of the company must state the required information.

(4)

For the purposes of subsections (1), (2) and (3), “the required information” is—

(a)

that a moratorium is in force in relation to the company, and

(b)

the name of the monitor.

(5)

If subsection (1), (2) or (3) is contravened—

(a)

the company commits an offence, and

(b)

any officer of the company who without reasonable excuse authorised or permitted the contravention commits an offence.

(6)

In this section “business document” means—

(a)

an invoice,

(b)

an order for goods or services,

(c)

a business letter, and

(d)

an order form,

whether in hard copy, electronic or any other form.

Annotations

F1: Pt. A1 inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), ss. 1(1), 49(1) (with ss. 2(2), 5(2))

C1: Pt. A1 excluded by S.I. 2012/3013, Sch. 1 para. 1(2A) (as inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 49(4) (with ss. 2(2), 5(2)))
C2: Pt. A1 power to apply (with modifications) conferred by 2011 c. 25, s. 247A (as inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 45 (with ss. 2(2), 5(2)))
C3: Pt. A1 applied (with modifications) by S.I. 2014/229, art. 2(A1), Sch. 1 para. 1(2), Pt. 1A (as inserted (18.7.2020) by The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) (Amendment) and Consequential Amendments Order 2020 (S.I. 2020/744), arts. 1, 7(b), 11(b)(c))
C4: Pt. A1 applied (with modifications) (E.W.S.) (3.9.2020) by The Insolvency (Moratorium) (Special Administration for Energy Licensees) Regulations 2020 (S.I. 2020/943), regs. 1(2), 2-10