Part 4 U.K.Special administration regime

Postal administration ordersU.K.

70Applications for postal administration ordersU.K.

(1)An application for a postal administration order in relation to a company may be made only—

(a)by the Secretary of State, or

(b)with the consent of the Secretary of State, by OFCOM.

(2)The applicant for a postal administration order in relation to a company must give notice of the application to—

(a)every person who has appointed an administrative receiver of the company,

(b)every person who is or may be entitled to appoint an administrative receiver of the company,

(c)every person who is or may be entitled to make an appointment in relation to the company under paragraph 14 of Schedule B1 to the 1986 Act (appointment of administrators by holders of floating charges), and

(d)such other persons as may be prescribed by postal administration rules.

(3)The notice must be given as soon as reasonably practicable after the making of the application.

(4)In this section “administrative receiver” means—

(a)an administrative receiver within the meaning given by section 251 of the 1986 Act for the purposes of Parts 1 to 7 of that Act, or

(b)a person whose functions in relation to a foreign company are equivalent to those of an administrative receiver and relate only to its UK affairs, business and property.