Article 51 - Company Arrangements
(1) The Administrator may make a proposal to the Company's creditors for a composition in satisfaction of its debts (an "Arrangement ").
(2) The Administrator must send a copy of a statement of his proposals to the CRO and (so far as he is aware of their addresses) to all members and all creditors of the Company .
(3) Such statement must contain the following information:
(A) details relating to his appointment as Administrator , the purposes of the administration, and any subsequent variation of these purposes;
(B) the names of the directors and secretary of the Company ;
(C) an account of the circumstances giving rise to the Administration ;
(D) if a statement of affairs has been submitted, a copy or summary of it, with the Administrator's comments, if any;
(E) if no statement of affairs has been submitted, details of the financial position of the Company at the latest practicable date (which must, unless the QFC Court otherwise orders, be a date not earlier than that of the start of the Administration );
(F) the manner in which the affairs and business of the Company :
(1) have, since the date of the Administrator's appointment, been managed and financed; and
(2) will, if the Administrator's proposals are approved, continue to be managed and financed; and
(G) such other information (if any) as the Administrator thinks necessary to enable creditors to decide whether or not to vote for the adoption of the proposed arrangement.