keep FORMS
Scottish statutory instrument establishing procedural requirements for insolvency practitioners (liquidators, administrative receivers, administrators) to report on conduct of directors of insolvent companies to the Secretary of State. Sets out Form D1 (Scot) for initial reports and Form D2 (Scot) for returns on directors, specifies timeframes (6 months from relevant date), establishes criminal penalties for non-compliance, and contains transitional provisions from earlier 1986 Rules.
This regulation provides the essential procedural framework for discharging the substantive duty in section 7(3) of the Company Directors Disqualification Act 1986. Without these procedural rules specifying the forms, timeframes, and manner of reporting, the statutory obligation would remain but operate without clarity or consistency. Deletion would not reduce regulatory burden—it would merely remove the clear, prescribed method for compliance while the underlying duty persists, creating ambiguity for insolvency practitioners and reducing accountability. The forms and procedures, while specific, provide legal certainty that allows office-holders to fulfill their obligations efficiently.