s 1 Administration
(1) For the purposes of this Act “ administrator ” of a company means a person appointed under this Schedule to manage the company’s affairs, business and property. (2) For the purposes of this Act— (a) a company is “ in administration ” while the appointment of an administrator of the company has effect, (b) a company “ enters administration ” when the appointment of an administrator takes effect, (c) a company ceases to be in administration when the appointment of an administrator of the company ceases to have effect in accordance with this Schedule, and (d) a company does not cease to be in administration merely because an administrator vacates office (by reason of resignation, death or otherwise) or is removed from office.