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Commentary

106 Timing of appointment

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

106 Timing of appointment

| Commentary

106 Timing of appointment

The appointment takes effect when the requirements of the Insolvency Act 1986 Schedule B1 paragraph 29 are satisfied1, that is to say when the notice of intention to appoint and the accompanying documents are filed in court. The court will endorse the date and time of the appointment on the notices of appointment filed. No great detail is needed in the documents required to be filed. The proposed administrator has to satisfy himself sufficiently to give his consent to act2, the appropriate company or board resolution (or functional equivalent)3 needs to be passed or made, the

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