Paragraph 51 Rule 7.33

At the end of Rule 7.33 there shall be inserted the following paragraphs:—

“(5)

Without prejudice to paragraph (3), the responsible insolvency practitioner shall retain, or shall make arrangements for retention of, the sederunt book for a period of ten years from the relevant date.

(6)

Where the sederunt book is maintained in non-documentary form it shall be capable of reproduction in legible form.

(7)

In this Rule “the relevant date” has the following meanings:—

(a)

in the case of a company voluntary arrangement under Part I of the Act, the date of final completion of the voluntary arrangement;

(b)

in the case of an administration order under Part II of the Act, the date on which the administration order is discharged;

(c)

in the case of a receivership under Part III of the Act, the date on which the receiver resigns and the receivership terminates without a further receiver being appointed; and

(d)

in the case of a winding-up, the date of dissolution of the company.”