Section 714(3)

It must state that, having made full inquiry into the affairs and prospects of the company, the directors have formed the opinion— as regards its initial situation immediately following the date on which the payment out of capital is proposed to be made, that there will be no grounds on which the company could then be found unable to pay its debts, and as regards its prospects for the year immediately following that date, that having regard to— the company will be able to continue to carry on business as a going concern (and will accordingly be able to pay its debts as they fall due) throughout that year. their intentions with respect to the management of the company's business during that year, and the amount and character of the financial resources that will in their view be available to the company during that year,

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Source: legislation.gov.uk · retrieved 2026-09-04