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<h1>Administrator appointment under the Act defines authority to manage transfer and vesting of specified undertakings.</h1> 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.