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)
ENDING ADMINISTRATION
C184Moving from administration to dissolution
1
If the administrator of a company thinks that the company has no property which might permit a distribution to its creditors, he shall send a notice to that effect to the registrar of companies.
2
The court may on the application of the administrator of a company disapply sub-paragraph (1) in respect of the company.
3
On receipt of a notice under sub-paragraph (1) the registrar shall register it.
4
On the registration of a notice in respect of a company under sub-paragraph (1) the appointment of an administrator of the company shall cease to have effect.
5
If an administrator sends a notice under sub-paragraph (1) he shall as soon as is reasonably practicable—
a
file a copy of the notice with the court, and
b
send a copy of the notice to each creditor of whose claim and address he is aware.
6
At the end of the period of three months beginning with the date of registration of a notice in respect of a company under sub-paragraph (1) the company is deemed to be dissolved.
7
On an application in respect of a company by the administrator or another interested person the court may—
a
extend the period specified in sub-paragraph (6),
b
suspend that period, or
c
disapply sub-paragraph (6).
8
Where an order is made under sub-paragraph (7) in respect of a company the administrator shall as soon as is reasonably practicable notify the registrar of companies.
9
An administrator commits an offence if he fails without reasonable excuse to comply with sub-paragraph (5).
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))