(3) During a company’s corporate rescue proceedings, each director of the company at the time the corporate rescue proceedings commenced must attend to the requests of the corporate rescue practitioner at all times, and provide the corporate rescue practitioner with any information about the company’s affairs as may reasonably be required.
(4) If, during a company’s corporate rescue proceedings, one or more directors of the company at the time the corporate rescue proceedings commenced purports to take any action on behalf of the company, that action is void unless approved by the corporate rescue practitioner.
- According to the Insolvency Act [Chapter 6:07]. PART XXIII: Corporate Rescue