SCHEDULES
C1C2C4C3C5F1SCHEDULE B1ADMINISTRATION
Sch. 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
Sch. B1 applied (with modifications) by S.R. 1995/225, Sch. 2 (as amended (19.12.2018) by The Banks and Building Societies (Priorities on Insolvency) Order 2018 (S.I. 2018/1244), arts. 1(2), 36 (with art. 3))
Sch. B1 modified by S.R. 1995/225, art. 6, Sch. 2 (as modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 122(3) (with reg. 108))
Sch. B1 modified (28.12.2020 until IP completion day when the amending provision ceases to have effect in accordance with reg. 1(4) of the amending S.I.) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(4), 120 (with reg. 108)
Sch. 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)
APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORS
Notice of intention to appoint
27
1
A person who proposes to make an appointment under paragraph 23 shall give at least 5 business days' written notice to—
a
any person who is or may be entitled to appoint an administrative receiver of the company, and
b
any person who is or may be entitled to appoint an administrator of the company under paragraph 15.
2
A person who proposes to make an appointment under paragraph 23 shall also give such notice as may be prescribed to such other persons as may be prescribed.
3
A notice under this paragraph must—
a
identify the proposed administrator, and
b
be in the prescribed form.
28
1
A person who gives notice of intention to appoint under paragraph 27 shall file with the High Court as soon as is reasonably practicable a copy of—
a
the notice, and
b
any document accompanying it.
2
The copy filed under sub-paragraph (1) must be accompanied by a statutory declaration made by or on behalf of the person who proposes to make the appointment—
a
that the company is or is likely to become unable to pay its debts,
b
that the company is not in liquidation, and
c
that, so far as the person making the statement is able to ascertain, the appointment is not prevented by paragraphs 24 to 26, and
d
to such additional effect, and giving such information, as may be prescribed.
3
A statutory declaration under sub-paragraph (2) must—
a
be in the prescribed form, and
b
be made during the prescribed period.
4
A person commits an offence if in a statutory declaration under sub-paragraph (2) he makes a statement—
a
which is false, and
b
which he does not reasonably believe to be true.
29
1
An appointment may not be made under paragraph 23 unless the person who makes the appointment has complied with any requirement of paragraphs 27 and 28 and—
a
the period of notice specified in paragraph 27(1) has expired, or
b
each person to whom notice has been given under paragraph 27(1) has consented in writing to the making of the appointment.
2
An appointment may not be made under paragraph 23 after the period of 10 business days beginning with the date on which the notice of intention to appoint is filed under paragraph 28(1).
Sch. 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)