—(1) A statutory demand shall be in Form 1 and shall be dated and signed by the creditor himself or by a person authorised to make the demand on the creditor’s behalf.
(2) The statutory demand shall state the actual amount of the debt that has accrued as of the date of the demand.
(3) If the amount claimed in the statutory demand includes interest, penalties, charges or any pecuniary consideration in lieu of interest, it shall separately identify the actual amount that has accrued as at the date of the demand and the rate at which and the period for which it was calculated.
(4) The statutory demand shall state the consideration for the debt or, if there is no consideration, the way in which the debt arises and —
if the debt is founded on a judgment or an order of a court, it must give details of the judgment or order, including the action under which the judgment or order was obtained and the date of the judgment or order; and
if the debt is founded on grounds other than a judgment or an order of a court, it must give such details as would enable the debtor to identify the debt.
(5) If the creditor holds any property of the debtor or any security for the debt, there shall be specified in the demand —
the full amount of the debt; and
the nature and value of the security or the assets.
(6) The debt of which payment is claimed shall be the full amount of the debt less the amount specified as the value of the security or assets.