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A person may not be appointed as administrator under section 534 if the floating charge on which the appointment depends is unenforceable.
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(1) A person who appoints an administrator of a company under section 534 shall lodge with the Court — (a) a notice of appointment that complies with subsections (2); and (b) such other documents...
The appointment of an administrator under section 534 takes effect when the requirements of section 537 are satisfied.
(1) As soon as is reasonably practicable after the requirements of section 537 are satisfied, the person who appointed the administrator under section 534 shall notify the administrator, and such...
(1) If— (a) a person purports to appoint an administrator under section 534; and (b) the appointment is discovered to be invalid, any person who appears to the Court to have a legitimate interest in...
(1) A company may appoint an administrator. (2) The directors of a company may appoint an administrator.
lf an administrator of a company— (a) is appointed under section 541; or (b) is appointed on an application for administration made by the company or its directors, another person may not be...
(1) If a moratorium for a company under Division 2 of Part IX ends on a date when no voluntary arrangement is in force in respect of the company, this section applies for the twelve months from and...
An administrator of a company may not be appointed under section 541 if— (a) an application for the liquidation of the company has been presented and is not yet disposed of; (b) an application for...
(1) A person who proposes to make an appointment under section 541 shall give to any person who is or may be entitled to appoint an administrator of the company under section 534 a notice that...
(1) As soon as practicable after a person has given notice of an intention to make an appointment under section 545, the person shall lodge with the Court— (a) a copy of the notice and of any...
(1) An appointment may not be made under section 541 unless the person who makes the appointment has complied with the requirements of section 545 and 546 and— (a) the period of notice specified in...
(1) A person who appoints an administrator of a company under section 541 shall lodge with the Court — (a) a notice of appointment that identifies the administrator; (b) a statement by the...
If no person is entitled to notice of intention to appoint under section 545(1) so that section 547 does not apply, the statutory declaration accompanying the notice of appointment is ineffective...
The appointment of an administrator under section 541 takes effect when the requirements of section 548 are satisfied.
(1) As soon as is reasonably practicable after the requirements of section 548 are satisfied, the person who has appointed the administrator under section 541 shall notify the administrator, and such...
If, before the requirements of section 548 are satisfied, the company enters administration under an administration order, or because of an appointment under section 534— (a) the appointment under...
(1) If— (a) a person purports to appoint an administrator under section 541; and (b) the appointment is discovered to be invalid, any person who appears to the Court to have a legitimate interest in...
(1) If an application for administration in respect of a company— (a) is made by the holder of a qualifying floating charge in respect of the company's property; and (b) includes a statement that...
If— (a) an application for administration in respect of a company is made by a person who is not the holder of a qualifying floating charge in respect of the company's property; and (b) the holder...
(1) If the holder of a qualifying floating charge in respect of a company's property could appoint an administrator under section 534 but for section 528(1)(b), that holder may nevertheless make an...
(1) The liquidator of a company may make an application to the Court for an administration order under subsection (2). (2) If the Court makes an administration order on the hearing of an application...
(1) On the making of an administration order in respect of a company— (a) an application for the liquidation of the company may not be made; and (b) any application for the liquidation of the...
(1) While a company is under administration— (a) a resolution for the liquidation of the company may not be made; and (b) the Court may not make an order for the liquidation of the...
(1) While a company is under administration— (a) a person may take steps to enforce a security over the company's property only with the consent of the administrator or with the approval of the...
(1) When considering whether to grant its approval under section 560, the court or the administrator may in particular take into consideration where appropriate— (a) the statutory purpose of the...
(1) This section applies if an application for administration in respect of a company has been made and — (a) the application has not yet been granted or dismissed; or (b) the application has...
(1) While a company is under administration, the administrator shall ensure that all business documents issued by or on behalf of the company or the administrator, and all the company's websites,...
(1) As soon as practicable after becoming administrator of a company, the administrator shall comply with subsection (2) and (3). (2) The administrator shall— (a) send a notice of the...
(1) As soon as practicable after becoming administrator of a company, the administrator shall give notice requiring one or more relevant persons to provide the administrator with a statement of the...
(1) The deadline for submitting a statement of financial position is the end of twelve days from and including the day on which the relevant person receives notice of the requirement. (2) The...
(1) The administrator of a company shall make a statement setting out proposals for achieving the purpose of administration. (2) The administrator shall ensure that the proposals— (a) deal with such...
The person presiding at a creditors' meeting shall ensure that it is conducted in the manner prescribed by the insolvency regulations.
(1) The administrator shall ensure that each copy of the administrator's statement of proposals sent to a creditor in accordance with section 566(4)(b) is accompanied by an invitation to an initial...
(1) Section 568(1) does not apply if the statement of proposals states that the administrator believes— (a) that the company has sufficient property to enable each creditor of the company to be...
(1) An initial creditors' meeting to which an administrator's proposals are presented shall consider them and may— (a) approve them without modification; or (b) approve them with modifications to...
(1) This section applies if— (a) an administrator's proposals have been approved (with or without modification) at an initial creditors' meeting; (b) the administrator proposes a revision to the...
(1) This section applies if an administrator reports to the Court that— (a) an initial creditors' meeting has failed to approve the administrator's proposals presented to it; or (b) a creditors'...
(1) The administrator of a company shall convene a creditors' meeting if— (a) in the manner prescribed by the insolvency regulations, it is requested by creditors of the company holding debts...
(1) A creditors' meeting may establish a creditors' committee. (2) A creditors' committee shall perform the functions conferred on it by or under this Act. (3) A creditors' committee may require the...
(1) Any matter or decision that is required or permitted by or under this Part to be dealt with or made at a creditors' meeting may be dealt with or made by correspondence between the administrator...
The administrator of a company has the functions and powers specified in the Fourth Schedule.
The administrator of a company— (a) may remove a director of the company from office; and (b) may appoint a person to be director of the company (whether or not to fill a vacancy).
The administrator of a company may convene a meeting of members or creditors of the company.
(1) On the application of the administrator of a company, the Court may give directions with respect to the performance and exercise of the administrator's functions and powers and the conduct of the...
(1) The administrator of a company may take any action that contributes to, or is likely to contribute to, the effective and efficient management of the affairs and property of the company. (2) A...
(1) A company under administration, or an officer of a company under administration, shall not perform or exercise a management function without the consent of the administrator. (2) For the purpose...
(1) The administrator of a company may make a distribution to creditors of the company. (2) Section 471 and the Second Schedule apply in relation to a distribution under this section as they apply in...
The administrator of a company may make a payment otherwise than in accordance with section 582 or paragraph 13 of the Fourth Schedule if the administrator believes it likely to assist achievement of...
Immediately on being appointed as administrator of a company, the administrator shall assume control of all the property to which the administrator believes the company is entitled.
(1) Subject to subsection (2), the administrator of a company shall manage its affairs and property in accordance with— (a) any proposals approved under section 570; (b) any revision of those...