SCHEDULES

F1SCHEDULE B1ADMINISTRATION

NATURE OF ADMINISTRATION

General restrictions

9.

(1)

A person may not be appointed as administrator of a company which is in liquidation by virtue of—

(a)

a resolution for voluntary winding up, or

(b)

a winding-up order.

(2)

Sub-paragraph (1)(a) is subject to paragraph 39.

(3)

Sub-paragraph (1)(b) is subject to paragraphs 38 and 39.