DISTRIBUTED BY VERITAS VERITAS MAKES EVERY EFFORT TO ENSURE THE PROVISION OF RELIABLE INFORMATION, BUT CANNOT TAKE LEGAL RESPONSIBILITY FOR INFORMATION SUPPLIED. CHAPTER 24:27 RECONSTRUCTION OF STATE-INDEBTED INSOLVENT COMPANIES ACT Act 27/2004 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Title. 2. Application. 3. Interpretation. PART II RECONSTRUCTION ORDERS 4. Requirements for and scope of reconstruction order. 5. Contents of reconstruction order. 6. Effect of reconstruction order. 7. Transmission of reconstruction order to certain officers. 8. Confirmation of reconstruction order. PART III CULPABLE PERSONS IN RELATION TO COMPANIES UNDER RECONSTRUCTION 9. Statement of company’s affairs. 10. Identification of culpable persons. 11. Special commissioners for taking evidence. 12. Forfeiture or vesting in State of rights held by culpable persons. 13. Attachment of assets of culpable persons in satisfaction of their liabilities to company under reconstruction. 14. Powers of administrator in relation to culpable persons. 15. Transactions by culpable persons. 16. Offences by culpable persons. 17. Power of administrator to compromise with persons liable to be prosecuted or declared culpable.