22(1)A company may appoint an administrator.
(2)The directors of a company may appoint an administrator.
SCHEDULE B1 ADMINISTRATION
22(1)A company may appoint an administrator.
(2)The directors of a company may appoint an administrator.
2 Section 233B does not apply in relation to a contract for the supply of goods or services to a company (“the company”) where any of paragraphs 3 to 11 applies.
Defined in Sch.4ZZA para.2 · see it in the full Act(1A) In this Schedule, “company” means—
(a)a company registered under the Companies Act 2006 in England and Wales or Scotland,
(b)a company incorporated in an EEA State ..., or
(c)a company not incorporated in an EEA State but having its centre of main interests in a member State (other than Denmark) or in the United Kingdom .
Defined in Sch.B1 para.111(1A) · see it in the full Act1 (1) For the purposes of this Act “administrator” of a company means a person appointed under this Schedule to manage the company’s affairs, business and property.
Defined in Sch.B1 para.1(1) · see it in the full Act“administrator” has the meaning given by paragraph 1 and, where the context requires, includes a reference to a former administrator,
Defined in Sch.B1 para.111(1) · see it in the full ActThe court treated this as confirming that the company itself may appoint an administrator. It did not displace the requirement that the company act through its constitution. (see para [78]) The power of directors to appoint an administrator does not override the articles’ requirements governing how directors may act. A sole director acting at an inquorate board meeting could not make a valid appointment. (see paras [73]; [77]-[79])
Uses the parallel wording governing appointments out of court to confirm that the requirements for valid board authority should not differ between court applications and out-of-court appointments. (see paras [5], [12]-[16])
The judgment applies the company’s statutory power to appoint an administrator out of court, subject to compliance with the notice and filing requirements in paragraphs 26 to 28. (see paras [15]-[16])
29 more judgments, and what each says about Schedule B1, paragraph 22, are in the case-law panel in the full Act.