5. General restrictions

(1) A person may be appointed as administrator of a Company or an administrator of a Deed of Company Arrangement only if he is licensed as an insolvency practitioner under the Commercial Licensing Regulations 2015.
(2) A person may not be appointed as administrator of a Company which is in administration (subject to the provisions of Chapter 11 (Replacing Administrator) of Part 1 (Administration) about replacement and additional administrators).
(3) A person may not be appointed as administrator of a Company which is in liquidation by virtue of —
(a) a resolution for voluntary winding-up; or
(b) a winding-up order.
(4) Subsection (3)(a) is subject to Section 39(4) and (5) (Application where Company in liquidation).
(5) Subsection (3)(b) is subject to Section 39 (Application where Company in liquidation).