Insolvency Act · s 230

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230.
Appointment of Executive Manager
(1) The Minister may, if he considers it expedient in the public interest, appoint any person to be the Executive Manager of any company.
(2) The Executive Manager shall be appointed for such initial period
(not to exceed 6 months) as the Minister may specify on making such appointment.
(3) The Minister may extend the appointment of the Executive
Manager for such period or periods as he thinks fit.
(4) The Minister may —
(a) remove the Executive Manager;
(b) appoint another person in addition to or in place of the existing Executive Manager; or
(c) make such provision as he thinks fit for the remuneration and indemnification of the Executive Manager.
(5) If the appointment by the Minister has the effect that the office of
Executive Manager is to be held by more than one person, the appointment shall declare whether any act required or authorised to be done by the
Executive Manager is to be done by all or any one of the persons for the time being holding the office of Executive Manager.

Insolvency 186

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s 230Appointment of Executive Manager

(1)

The Minister may, if he considers it expedient in the public interest, appoint any person to be the Executive Manager of any company.

(2)

The Executive Manager shall be appointed for such initial period

(not to exceed 6 months) as the Minister may specify on making such appointment.

(3)

The Minister may extend the appointment of the Executive

Manager for such period or periods as he thinks fit.

(4)

The Minister may —

(a)

remove the Executive Manager;

(b)

appoint another person in addition to or in place of the existing Executive Manager; or

(c)

make such provision as he thinks fit for the remuneration and indemnification of the Executive Manager.

(5)

If the appointment by the Minister has the effect that the office of

Executive Manager is to be held by more than one person, the appointment shall declare whether any act required or authorised to be done by the

Executive Manager is to be done by all or any one of the persons for the time being holding the office of Executive Manager.

Insolvency 186