SCHEDULES

F1SCHEDULE B1ADMINISTRATION

GENERAL

Joint and concurrent administrators

102.

(1)

This paragraph applies where two or more persons are appointed to act jointly as the administrator of a company.

(2)

A reference to the administrator of the company is a reference to those persons acting jointly.

(3)

But a reference to the administrator of a company in paragraphs 88 to 100 of this Schedule is a reference to any or all of the persons appointed to act jointly.

(4)

Where an offence of omission is committed by the administrator, each of the persons appointed to act jointly—

(a)

commits the offence, and

(b)

may be proceeded against and punished individually.

(5)

The reference in paragraph 46(1)(a) to the name of the administrator is a reference to the name of each of the persons appointed to act jointly.

(6)

Where persons are appointed to act jointly in respect of only some of the functions of the administrator of a company, this paragraph applies only in relation to those functions.