xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"

SCHEDULES

[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

C2Sch. 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))

APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORSN.I.

Restrictions on power to appointN.I.

24.(1) This paragraph applies where an administrator of a company is appointed—N.I.

(a)under paragraph 23, or

(b)on an administration application made by the company or its directors.

(2) An administrator of the company may not be appointed under paragraph 23 during the period of 12 months beginning with the date on which the appointment referred to in sub-paragraph (1) ceases to have effect.

F225.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N.I.

26.  An administrator of a company may not be appointed under paragraph 23 if—N.I.

(a)a petition for the winding up of the company has been presented and is not yet disposed of,

(b)an administration application has been made and is not yet disposed of, or

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