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 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
2.—(1) For the purposes of this Order “administrator” of a company means a person appointed under this Schedule to manage the company's affairs, business and property.N.I.
(2) For the purposes of this Order—
(a)a company is “in administration” while the appointment of an administrator of the company has effect,
(b)a company “enters administration” when the appointment of an administrator takes effect,
(c)a company ceases to be in administration when the appointment of an administrator of the company ceases to have effect in accordance with this Schedule, and
(d)a company does not cease to be in administration merely because an administrator vacates office (by reason of resignation, death or otherwise) or is removed from office.
3. A person may be appointed as administrator of a company—N.I.
(a)by administration order of the High Court under paragraph 11,
(b)by the holder of a floating charge under paragraph 15, or
(c)by the company or its directors under paragraph 23.]