[F190.—(1) The administrator of a company shall vacate office if he ceases to be qualified to act as an insolvency practitioner in relation to the company.N.I.
(2) Where an administrator vacates office by virtue of sub-paragraph (1) he shall give notice in writing—
(a)in the case of an administrator appointed by administration order, to the High Court,
(b)in the case of an administrator appointed under paragraph 15, to the holder of the floating charge by virtue of which the appointment was made,
(c)in the case of an administrator appointed under paragraph 23(1), to the company, or
(d)in the case of an administrator appointed under paragraph 23(2), to the directors of the company.
(3) An administrator who fails without reasonable excuse to comply with sub-paragraph (2) commits an offence.]
F1Sch. B1 inserted (27.3.2006) by Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10)), arts. 1(3), 3(2), Sch. 1 (with art. 4); S.R. 2006/21, art. 2 (with S.R. 2006/22, arts. 2-7)
Modifications etc. (not altering text)
C1Sch. B1 para. 90 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)
C2Sch. B1 para. 90 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)
C3Sch. B1 applied (with modifications) (4.1.2024) by S.I. 2021/716, Sch. 2A para. 6 (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), reg. 1(2), Sch. 2)