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(d) who are or have been within the said year officers of or in the employment of a
company which is, or within the said year was, an officer of the company to which
the statement relates.
(3) The part of the statement relating to the matters referred to in subsection (1)(b) and
(c) shall be given to the persons named therein or published in such manner as, in the opinion
of the administrator, will give any person affected by it an adequate opportunity of getting to
know of it:
Provided that the publication by the administrator by notice in the Gazette of the names of
the persons mentioned in the relevant part of the statement, together with an allegation that
they were knowingly parties to the carrying on of the business of the company in the manner
or circumstances referred to in subsection (1)(b), and a statement of the extent—
(a) whether limited or unlimited, to which they are personally liable for the debts and
liabilities of the company; and
(b) to which any share, right or interest in or claim upon the company purportedly held
by any of them was obtained by or resulted from any fraud committed by any of
them;
shall be sufficient notice to any person specified in the notice.
(4) The statement shall be submitted within twenty-one days from the date of the
reconstruction or within such extended time as the Minister may for special reasons allow.
(5) Any person making or concurring in making the statement and affidavit required by
subsection (2) shall be allowed and shall be paid out of the assets of the company such costs
and expenses incurred in and about the preparation and making of the statement and affidavit
as the administrator may consider reasonable.
(6) If any person, without reasonable excuse, makes default in complying with the
requirements of subsection (2), he or she shall be guilty of an offence and liable to a default
fine not exceeding level eight.
(7) Any person objecting to—
(a) being identified as a party who knowingly carried on the business of the company in
the manner or circumstances referred to in subsection (1)(b); or
(b) the extent to which he or she is stated to be personally liable for the debts and
liabilities of the company; or
(c) a finding that any share, right, or interest in or claim upon the company that is
purported to be held by him or her was obtained by or resulted from any fraud
committed by him or her in relation to the company;
may, within seven days of the notification thereof in terms of subsection (3), make written
representations to the administrator to amend the part of the statement relating to the matters
referred to in subsection (1)(b) or (c) accordingly and, if the administrator refuses to make the
amendment, the administrator shall, within twenty-one days after the date of a notification in
terms of subsection (3), apply to a judge in chambers for an order confirming the
identification or finding referred to in paragraph (a) or (c), or confirming the extent to which
the person may be held liable for the debts and liabilities of the company, whichever matter is
the subject of the objection.