Insolvency Act CAP 53▤
Approval of proposal for voluntary arrangement
(1) This section applies to the decisions taken at the meeting of the company and the meeting of the company's creditors held in a…
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727 results · Insolvency Act CAP 53
Insolvency Act CAP 53▤
Conduct of meetings of company and its creditors
(1) The main purpose of a meeting convened under section 627 is to decide whether to approve the proposal or that proposal with mo…
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Insolvency Act CAP 53▤
Provisional supervisor to convene meetings of company and of its creditors
(1) If the provisional supervisor appointed under section 625 is not the liquidator or administrator and has reported to the Court…
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Insolvency Act CAP 53▤
Procedure if provisional supervisor is not the liquidator or administrator
(1) This section applies if the provisional supervisor in respect of a director's proposal is not the liquidator or administrator…
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Insolvency Act CAP 53▤
Proposal for voluntary arrangement
(1) The directors of a company may make a proposal under this Division to the company and to its creditors for a voluntary arrange…
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Insolvency Act CAP 53▤
Interpretation: Division 1
In this Division— "prescribed publication", in relation to a company, means— (a) a newspaper circulating in the area in which the…
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Insolvency Act CAP 53▤
Certain specified period can be varied by consent
(1) A period specified in section 566(5) or 568(1) may be varied in respect of a company by the administrator with consent. (2) In…
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Insolvency Act CAP 53▤
Power to extend time limits
(1) If a provision of this Part relating to a company under administration provides that a period can be varied in accordance with…
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Insolvency Act CAP 53▤
Majority decision of directors
A reference in this Part to act done or omitted to be done by the directors of a company includes the same act done or omitted to…
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Insolvency Act CAP 53▤
Presumption of validity of acts of administrator
An act of the administrator of a company is valid even if the administrator's appointment or qualification is subsequently found t…
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Insolvency Act CAP 53▤
Power to appoint administrators to act concurrently
(1) If a company is under administration, a person may be appointed to act as administrator jointly or concurrently with the perso…
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Insolvency Act CAP 53▤
Administrators acting concurrently
If two or more persons are appointed to act concurrently as the administrator of a company, a reference to the administrator of a…
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Insolvency Act CAP 53▤
Offences committed by joint administrators
(1) If two or more persons are appointed to act as joint administrators of a company, a reference to the administrator of the comp…
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Insolvency Act CAP 53▤
Joint and concurrent administrators
(1) In this Part— (a) a reference to the appointment of an administrator of a company includes a reference to the appointment of a…
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Insolvency Act CAP 53▤
Former administrator's remuneration and expenses payable of company's property and to have priority over holders of floating charges
(1) This section applies if a person’s appointment as the administrator of a company has ended for whatever reason. (2) In this se…
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Insolvency Act CAP 53▤
Discharge from liability on administrator's vacating office
(1) If the appointment of a person as the administrator of a company ends (for whatever reason), the administrator is discharged f…
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Insolvency Act CAP 53▤
Creditors' meeting may replace administrator appointed by company or directors
(1) A creditors' meeting may replace an administrator of a company if— (a) the administrator has been appointed by the company or…
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Insolvency Act CAP 53▤
Court may replace administrator when there is a competing floating charge-holder
(1) If an administrator of a company is appointed under section 534 by the holder of a qualifying floating charge in respect of th…
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Insolvency Act CAP 53▤
Power of the Court to replace administrator in certain other circumstances
(1) The Court may make an order replacing an administrator on the application of a person by whom an application is made under sec…
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Insolvency Act CAP 53▤
Power of directors of company to appoint replacement administrator appointed under section 541(2)
(1) If the administrator of a company was appointed under section 541(2), the directors of the company may replace the administrat…
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Insolvency Act CAP 53▤
Power of company to appoint replacement administrator appointed under section 541(1)
(1) If the administrator of a company was appointed under section 541(1), the company may replace the administrator. (2) A replace…
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Insolvency Act CAP 53▤
Power of holder of floating charge to appoint replacement administrator appointed under section 534
If the administrator was appointed under section 534, the holder of the floating charge under which the appointment was made may r…
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Insolvency Act CAP 53▤
Power of the Court to replace administrator
(1) Any of the following may make an application under subsection (2) for the replacement of an administrator appointed by the Cou…
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Insolvency Act CAP 53▤
Filling vacancy in office of administrator
Sections 607 to 611 apply to an administrator who— (a) dies; (b) resigns; (c) is removed from office under section 604; or (d) vac…
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