194.—F1(1) Where an administration order is made in relation to a company, the administrator must be a person who is qualified to act as an insolvency practitioner in relation to the company.
(2) Where an administrative receiver of a company is appointed, he must be a person who is so qualified.
(3) Where a company goes into liquidation, the liquidator must be a person who is so qualified.
(4) Where a provisional liquidator is appointed, he must be a person who is so qualified.
(5) Paragraphs (3) and (4) are without prejudice to any statutory provision under which the official receiver is to be, or may be, liquidator or provisional liquidator.
F1prosp. rep. by 2005 NI 10
195.—(1) This Article applies if an appointment or nomination of any person to the office ofF2 administrator, administrative receiver, liquidator or provisional liquidator—
(a)relates to more than one person, or
(b)has the effect that the office is to be held by more than one person.
(2) The appointment or nomination shall declare whether any act required or authorised under any statutory provision to be done by theF2 administrator, administrative receiver, liquidator or provisional liquidator is to be done by all or any one or more of the persons for the time being holding the office in question.
F2prosp. rep. by 2005 NI 10
196. The acts of an individual asF3 administrator, administrative receiver, liquidator or provisional liquidator of a company are valid notwithstanding any defect in his appointment, nomination or qualifications.
F3prosp. rep. by 2005 NI 10