s 33E Ancillary directions, etc., when special administration order, etc., is made
33E.—(1) A special administration order under this Part may specify that —(a) the appointed person has such functions and powers in relation to the operations of the designated operating entity as are specified in the order; (b) the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager, is to stop providing a specified service or facility from a specified date; and (c) the appointed person must have access to, and take control of, the property (including intellectual property), licences and employees used or required by the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager, for the purposes of carrying on the operations of the designated operating entity as are specified in the order. (2) A special administration order under this Part may also contain ancillary directions that may —(a) direct how the costs of the operations specified in the order and revenue generated from those operations, are to be dealt with; (b) fix the remuneration and expenses to be paid by the designated operating entity or trustee-manager to the appointed person; (c) specify the period for which the order under this section applies; and (d) specify any other conditions that may apply. (3) An order under section 33D(1)(c) may also contain an ancillary direction that fixes the remuneration and expenses to be paid by the designated operating entity or trustee-manager to the advisor. [Act 20 of 2024 wef 01/04/2025] —(1) A special administration order under this Part may specify that —(a) the appointed person has such functions and powers in relation to the operations of the designated operating entity as are specified in the order; (b) the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager, is to stop providing a specified service or facility from a specified date; and (c) the appointed person must have access to, and take control of, the property (including intellectual property), licences and employees used or required by the designated operating entity or, if the designated operating entity is a business trust, its trustee-manager, for the purposes of carrying on the operations of the designated operating entity as are specified in the order. (2) A special administration order under this Part may also contain ancillary directions that may —(a) direct how the costs of the operations specified in the order and revenue generated from those operations, are to be dealt with; (b) fix the remuneration and expenses to be paid by the designated operating entity or trustee-manager to the appointed person; (c) specify the period for which the order under this section applies; and (d) specify any other conditions that may apply. (3) An order under section 33D(1)(c) may also contain an ancillary direction that fixes the remuneration and expenses to be paid by the designated operating entity or trustee-manager to the advisor.