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Hello, as we know that company can appoint administrator without court permission/approval, but by company we mean to say majority shareholders na?
The company or the directors of a company may appoint an administrator
If it’s the members that appoint, that is by members’ resolution
If it’s the directors that appoint, this may be either by a formal or informal decision
Where the directors formally agree to appoint an administrator the decision can be by majority vote
Where the decision is taken informally it must be unanimous
OK?
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