F1SCHEDULE B1 ADMINISTRATION
ENDING ADMINISTRATION
Termination of administration where objective achieved
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(1)
This paragraph applies where an administrator of a company is appointed under paragraph 14 or 22.
(2)
If the administrator thinks that the purpose of administration has been sufficiently achieved in relation to the company he may file a notice in the prescribed form—
(a)
with the court, and
(b)
with the registrar of companies.
(3)
The administrator’s appointment shall cease to have effect when the requirements of sub-paragraph (2) are satisfied.
(4)
Where the administrator files a notice he shall within the prescribed period send a copy to every creditor of the company F2, other than an opted-out creditor, of whose claim and address he is aware.
(5)
The rules may provide that the administrator is taken to have complied with sub-paragraph (4) if before the end of the prescribed period he publishes in the prescribed manner a notice undertaking to provide a copy of the notice under sub-paragraph (2) to any creditor of the company who applies in writing to a specified address.
(6)
An administrator who fails without reasonable excuse to comply with sub-paragraph (4) commits an offence.