Section 603 of Insolvency Act CAP 53: Resignation of administrator
(1) An administrator may resign only in the circumstances prescribed by the insolvency regulations for the purposes of this section.
(2) If a circumstance has arisen that permits an administrator to resign, the administrator may do so only—
(a) in the case of an administrator appointed by the Court, by notice given to the Court;
(b) in the case of an administrator appointed under section 534, by notice given to the holder of the floating charge under which the appointment was made;
(c) in the case of an administrator appointed under section 541(1), by notice given to the company; or
(d) in the case of an administrator appointed under section 541(2), by notice given to the directors of the company.
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- Section 605 - Administrator to vacate office on ceasing to be qualified
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Sections 607 to 611 apply to an administrator who—
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(b) resigns;
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(2) A replacement under this section may be made only—
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- Section 610 - Power of directors of company to appoint replacement administrator appointed under section 541(2)
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(2) A replacement under this section may be made only—
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(2) In this section—
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- Section 616 - Joint and concurrent administrators
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- Section 628 - Conduct of meetings of company and its creditors
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- Section 632 - Offences involving false representations and fraudulent acts by company officers
(1) An officer of a company who—
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- Section 634 - Prosecution of delinquent officers of company
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(1) Deleted by Act No. 1 of 2021
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(i) once in the Gazette;
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- Section 655 - Restrictions on disposal of property and making payments by company
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(a) there are reasonable grounds for believing that the disposal will...