Insolvency Rules 2005, Form 98(6) - Notice of Release of Administrator

Summary

This is a statutory notice form used under the BVI Insolvency Act 2003 and Insolvency Rules 2005 to record when a company administrator has been released by the court. It is filed by the former administrator(s) with the Registrar of Companies once a release order has been granted.

• Company details: The form requires the company number and full name of the company in administration.
• Administrator details: The former administrator(s) must provide their full name, address and insolvency practitioner licence number.
• Release details: The form records the date the court granted the release, whether it was unconditional or subject to conditions, and any such conditions must be listed.
• Supporting document: An office copy of the court order granting the release must be attached to the notice.
• Filing: The completed notice is submitted to the Registrar of Companies, Road Town, Tortola, British Virgin Islands.

The document itself is a blank prescribed form and contains no separate narrative provisions beyond the fields to be completed and filed.

Key obligations

• A former administrator who has been released by the court must file Form 98(6) Notice of Release of Administrator with the Registrar of Companies.
• The notice must state whether the release was granted unconditionally or subject to conditions, and specify any conditions imposed.
• An office copy of the court order of release must be attached to the notice when filed.

Applies to

companies in administration, insolvency practitioners/administrators