35. Commencement of appointment

(1) The appointment of an administrator of a Company under Section 29 (Power to appoint) takes effect when the requirements of Section 33 (Notice of appointment) are satisfied.
(2) A person who appoints an administrator of a Company under Section 29 (Power to appoint) —
(a) shall notify the administrator of the Company and such other persons as may be prescribed as soon as is reasonably practicable after the requirements of Section 33 (Notice of appointment) are satisfied; and
(b) commits a contravention and is liable to a fine at the relevant level set out in the Fines Schedule if he fails without reasonable excuse to comply with paragraph (a).
(3) If before the requirements of Section 33 (Notice of appointment) are satisfied the Company enters administration by virtue of an administration order or an appointment under Section 21 (Power to appoint) —
(a) the appointment under Section 29 (Power to appoint) shall not take effect; and
(b) subsection (2) shall not apply.
(4) The notice of appointment to be given by the administrator of a Company as soon as reasonably practicable after appointment under Section 48(2) (Announcement of administrator's appointment) shall be published in the Abu Dhabi Global Market and may be advertised in such other manner as the administrator of the Company thinks fit.