# Small Business, Enterprise and Employment Act 2015, Paragraph 23


(1) Section 99 (directors to lay statement of affairs before creditors) is amended as follows.
(2) For subsection (1) substitute—
“(1) The directors of the company must, before the end of the period of 7 days beginning with the day after the day on which the company passes a resolution for voluntary winding up—
(a) make out a statement in the prescribed form as to the affairs of the company, and
(b) send the statement to the company's creditors.”
(3) For subsection (3) substitute—
“(3) If the directors without reasonable excuse fail to comply with subsection (1), (2) or (2A), they are guilty of an offence and liable to a fine.”

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Source: https://www.legislation.gov.uk/ukpga/2015/26/schedule/9/paragraph/23 (the official version)
Page: https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/schedule-9/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.