SCHEDULES

Valid from 27/03/2006

[F1SCHEDULE B1N.I.ADMINISTRATION

Modifications etc. (not altering text)

C1Sch. B1 applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 87(1)(2), 93(3), Sch. 10 Pt. 1, Sch. 10 Pt. 2

APPOINTMENT OF ADMINISTRATOR BY HOLDER OF FLOATING CHARGEN.I.

Restrictions on power to appointN.I.

18.  An administrator of a company may not be appointed under paragraph 15 if—N.I.

(a)a provisional liquidator of the company has been appointed under Article 115, or

(b)an administrative receiver of the company is in office.]