SCHEDULES

SCHEDULE 6Powers of interim receiver or administrator

Sections 247 and 257

I11Seizure

Power to seize property to which the order applies.

I22Information

1

Power to obtain information or to require a person to answer any question.

2

A requirement imposed in the exercise of the power has effect in spite of any restriction on the disclosure of information (however imposed).

3

An answer given by a person in pursuance of such a requirement may not be used in evidence against him in criminal proceedings.

4

Sub-paragraph (3) does not apply—

a

on a prosecution for an offence under section 5 of the Perjury Act 1911, section 44(2) of the Criminal Law (Consolidation) (Scotland) Act 1995 or Article 10 of the Perjury (Northern Ireland) Order 1979 (false statements), or

b

on a prosecution for some other offence where, in giving evidence, he makes a statement inconsistent with it.

5

But an answer may not be used by virtue of sub-paragraph (4)(b) against a person unless—

a

evidence relating to it is adduced, or

b

a question relating to it is asked,

by him or on his behalf in the proceedings arising out of the prosecution.

I33Entry, search, etc.

1

Power to—

a

enter any premises in the United Kingdom to which the interim order applies, and

b

take any of the following steps.

2

Those steps are—

a

to carry out a search for or inspection of anything described in the order,

b

to make or obtain a copy, photograph or other record of anything so described,

c

to remove anything which he is required to take possession of in pursuance of the order or which may be required as evidence in the proceedings under Chapter 2 of Part 5.

3

The order may describe anything generally, whether by reference to a class or otherwise.

I44Supplementary

1

An order making any provision under paragraph 2 or 3 must make provision in respect of legal professional privilege (in Scotland, legal privilege within the meaning of Chapter 3 of Part 8).

2

An order making any provision under paragraph 3 may require any person—

a

to give the interim receiver or administrator access to any premises which he may enter in pursuance of paragraph 3,

b

to give the interim receiver or administrator any assistance he may require for taking the steps mentioned in that paragraph.

I55Management

1

Power to manage any property to which the order applies.

2

Managing property includes—

a

selling or otherwise disposing of assets comprised in the property which are perishable or which ought to be disposed of before their value diminishes,

b

where the property comprises assets of a trade or business, carrying on, or arranging for another to carry on, the trade or business,

c

incurring capital expenditure in respect of the property.