215I. Solvency statement in relation to amalgamating company and offence for making false statement

Question 1

215I. Solvency statement in relation to amalgamating company and offence for making false statement

Answer 1

General overview
[215I.01] Section 215I lays down the requirements that a solvency statement signed by the directors of the amalgamating companies should comply with. As the amalgamating companies have been in operation, their directors have little difficulty certifying its solvency as at the date of the statement. This solvency statement is a variant of the solvency statement under s 7A.