SCHEDULES

F1SCHEDULE B1 ADMINISTRATION

NATURE OF ADMINISTRATION

8

(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 38.

(3)

Sub-paragraph (1)(b) is subject to paragraphs 37 and 38.