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Administrator appointment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Administrator appointment

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by MikeLittle.
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  • April 8, 2022 at 7:55 am #652860
    ilham9089
    Participant
    • Topics: 301
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    Can the members also appoint an administrator without a court order? My exam kit says floating chargeholders, directors and THE COMPANY itself may appoint an administrator without a court order. Who exactly is it referring to by saying “the company”, does it mean the members?

    April 8, 2022 at 4:59 pm #652929
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23352
    • ☆☆☆☆☆

    The expression ‘the company’ certainly does mean the members acting as a unified body and conducting business through majority voting

    OK?

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