Version Superseded: 05/07/2018
Point in time view as at 15/09/2003. This version of this provision has been superseded.
Insolvency Act 1986, Paragraph 89 is up to date with all changes known to be in force on or before 16 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
[F189(1)The administrator of a company shall vacate office if he ceases to be qualified to act as an insolvency practitioner in relation to the company.
(2)Where an administrator vacates office by virtue of sub-paragraph (1) he shall give notice in writing—
(a)in the case of an administrator appointed by administration order, to the court,
(b)in the case of an administrator appointed under paragraph 14, to the [F2holder of the floating charge by virtue of which the appointment was made],
(c)in the case of an administrator appointed under paragraph 22(1), to the company, or
(d)in the case of an administrator appointed under paragraph 22(2), to the directors of the company.
(3)An administrator who fails without reasonable excuse to comply with sub-paragraph (2) commits an offence.]
Textual Amendments
F1Sch. B1 inserted (15.9.2003) by 2002 c. 40, ss. 248(2), 279, Sch. 16 (with s. 249(1)-(3)(6)); S.I. 2003/2093, art. 2(1), Sch. 1 (subject to arts. 3-8 (as amended by S.I. 2003/2332, art. 2))
F2Words in Sch. B1 para. 89(2)(b) substituted (15.9.2003) by The Enterprise Act 2002 (Insolvency) Order 2003 (S.I. 2003/2096), art. 2(5)
Modifications etc. (not altering text)
C1Sch. B1 para. 89 applied (with modifications) (17.2.2009 for certain purposes, otherwise 21.2.2009) by Banking Act 2009 (c. 1), ss. 145, 263(1)(2) (with s. 247); S.I. 2009/296, arts. 2, 3, Sch. para. 3
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