Insolvency Rules 2005, Form 88(2) - Notice of Administrator's Report on Further Enquiries

Summary

This is a statutory form under the BVI Insolvency Act 2003 and Insolvency Rules 2005, used by a company administrator to formally notify the Official Receiver that further enquiries are needed in connection with an insolvent company. It is filed together with the administrator's underlying report prepared under section 88(1) of the Insolvency Act 2003.

• Who completes it: The administrator appointed over the company, who must state their full name, address and insolvency practitioner licence number.
• What it certifies: That the administrator has prepared a report dated as specified, stating their opinion that further enquiries into the matters specified in section 88 of the Insolvency Act 2003 are desirable.
• What must be attached: A copy of the administrator's underlying report on further enquiries.
• Where it is filed: With the Official Receiver, P.O. Box 418, Road Town, Tortola, British Virgin Islands.

The form itself is a procedural notice template rather than a source of substantive ongoing obligations; it operationalises the reporting duty already created by section 88(1) of the Insolvency Act 2003.

Key obligations

• An administrator who forms the opinion that further enquiries under section 88 of the Insolvency Act 2003 are desirable must give notice of this on Form 88(2) to the Official Receiver.
• The administrator must attach a copy of the underlying report to the Form 88(2) notice.
• The administrator must state the company name, their own full name, address and insolvency practitioner licence number, and the date of the report on the form.

Applies to

company administrators (insolvency practitioners), insolvent companies subject to administration under the Insolvency Act 2003