Rule 35 Abstract of receipts and paymentsI1
England and Wales
The special PPP administrator shall—
within 2 months after the end of 6 months from the date of his appointment, and of every subsequent period of 6 months; and
within 2 months after he ceases to act as special PPP administrator,
send the requisite accounts of the receipts and payments of the PPP company to the court, and to the registrar of companies.
The court may, on the application of the special PPP administrator, extend the period of two months mentioned above.
The accounts are to be in the form of an abstract in Form PPP17 showing—
receipts and payments during the relevant period of 6 months; or
where the special PPP administrator has ceased to act, receipts and payments during the period from the end of the last 6 month period to the time when he so ceased (alternatively if there has been no previous abstract, receipts and payments in the period since his appointment as special PPP administrator).
The special PPP administrator is guilty of an offence if he makes default in complying with this rule and is liable on summary conviction to a fine not exceeding F1one-fifth of the greater of £5,000 or the amount corresponding to level 4 on the standard scale for summary offences and, for continued contravention, to a daily default fine not exceeding F2one-fiftieth of the greater of those amounts.
Annotations
Textual amendments
- F1
Words in rule 35(4) substituted (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 3 para. 12(a) (with reg. 5(1))
- F2
Words in rule 35(4) substituted (12.3.2015) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Fines on Summary Conviction) Regulations 2015 (S.I. 2015/664), reg. 1(1), Sch. 3 para. 12(b) (with reg. 5(1))