95. General powers

(1) The administrator of a Company may do anything necessary or expedient for the management of the affairs, business and property of the Company.
(2) A provision of this Part 1 (Administration) which expressly permits the administrator of a Company to do a specified thing is without prejudice to the generality of subsection (1).
(3) A person who deals with the administrator of a Company in good faith and for value need not inquire whether the administrator is acting within his powers.
(4) The administrator of a Company has the powers specified in Schedule 2 (Powers of the Administrator).
(5) The administrator of a Company —
(a) may remove a Director of the Company; and
(b) may appoint a Director of the Company (whether or not to fill a vacancy).
(6) The administrator of a Company or of a Deed of Company Arrangement may call a meeting of members or creditors of the Company.
(7) The administrator of a Company or of a Deed of Company Arrangement may apply to the Court for directions in connection with his functions. The administrator of a Deed of Company Arrangement may also apply to the Court for directions about a matter arising in connection with the operation of, or giving effect to, the Deed of Company Arrangement.
(8) A Company in administration or an officer of a Company in administration may not exercise a management power without the consent of the administrator of the Company.
(9) For the purpose of subsection (8) —
(a) "management power" means a power which could be exercised so as to interfere with the exercise of the administrator's powers;
(b) it is immaterial whether the power is conferred by an enactment or an instrument; and
(c) consent may be general or specific.
(10) The Board may by rules prohibit or restrict the disposal, hiring out or sale of property of a Company by an administrator to a person who is or was a particular kind of Connected Person of a Company, in such circumstances and subject to such conditions and requirements as may be prescribed, and the powers of an administrator under subsection (4) shall be subject to such prohibition or restriction.