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Although the liquidator is an independant
witness of fact in disqualification proceedings their is published
guidance for a liquidator to follow in compiling the 'conduct
report'.
The Company Directors Disqualification
Act (CDDA) requires liquidators (in every liquidation) to
send in a conduct report. The report cannot reach an inconclusive
opinion. The act only allows a liquidator to report that a
directors conduct is either:
Liquidators have to be objective.
If you wish to read the guidance given to liquidators as to
how they should review the situation in each and every liquidation
click here.
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