Administrator appointment under the Act defines authority to manage transfer and vesting of specified undertakings. Definitions designate the agents and corporate vehicle for transfer and vesting: Administrator is the person or body appointed to perform functions under ... Summary
Administrator appointment under the Act defines authority to manage transfer and vesting of specified undertakings.
Definitions designate the agents and corporate vehicle for transfer and vesting: Administrator is the person or body appointed to perform functions under the Act; Specified company is a company formed with entire capital subscribed by specified financial institutions or banks for transfer and vesting; Specified undertaking includes all business, assets, liabilities and properties of the Trust relating to the schemes and the Development Reserve Fund in the Schedule.
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