SCHEDULES
F1C2C3C4SCHEDULE B1 ADMINISTRATION
Sch. B1 applied in part (with modifications) (5.10.2004) by Energy Act 2004 (c. 20), ss. 159(1), 198, Sch. 20 Pts. 1-3; S.I. 2004/2575, art. 2(1), Sch. 1
Sch. B1 applied (with modifications) (1.7. 2005) by S.I. 1994/2421, art. 6(1), Sch. 2 (as amended (1.7.2005) by S.I. 2005/1516, arts. 3, 7, Sch. 1 (with art. 2))
Sch. B1: specified provisions applied (with modifications) (1.10.2011) by Postal Services Act 2011 (c. 5), ss. 73, 93(2)(3), {Sch. 10 Pts. 1, 2}; S.I. 2011/2329, art. 3 (with arts. 4, 5)
FUNCTIONS OF ADMINISTRATOR
C168
1
Subject to sub-paragraph (2), the administrator of a company shall manage its affairs, business and property in accordance with—
a
any proposals approved under paragraph 53,
b
any revision of those proposals which is made by him and which he does not consider substantial, and
c
any revision of those proposals approved under paragraph 54.
2
If the court gives directions to the administrator of a company in connection with any aspect of his management of the company’s affairs, business or property, the administrator shall comply with the directions.
3
The court may give directions under sub-paragraph (2) only if—
a
no proposals have been approved under paragraph 53,
b
the directions are consistent with any proposals or revision approved under paragraph 53 or 54,
c
the court thinks the directions are required in order to reflect a change in circumstances since the approval of proposals or a revision under paragraph 53 or 54, or
d
the court thinks the directions are desirable because of a misunderstanding about proposals or a revision approved under paragraph 53 or 54.
Sch. 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))