Section 475

(1) The liquidator of a company may make an administration application.

(2) If the Court makes an administration order on hearing an application made by virtue of subsection (1), the Court-

(a) shall discharge any winding-up order in respect of the company;

(b) shall make provision for such matters as may be prescribed;

(c) may make other consequential provision; and

(d) shall specify which of the powers under this Chapter and Tenth Schedule are to be exercisable by the administrator.

(3) This Chapter shall have effect with such modifications as the Court may direct.