Article 99 Application to court to remove SMCL administrator from office

(1)

An application for an order under paragraph 88 of Schedule B1 to the 1986 Act that the SMCL administrator be removed from office must state the grounds on which the order is requested.

(2)

A copy of the application must be delivered, not less than five business days before the date fixed for the hearing—

(a)

to the SMCL administrator;

(b)

to the Secretary of State;

(c)

to GEMA;

(d)

to the joint SMCL administrator (if any); and

(e)

where there is not a joint SMCL administrator, to the SMCL and its creditors, including any floating charge holders.

(3)

Where the court makes an order removing the SMCL administrator it must deliver a copy of the order to the applicant.

(4)

Following receipt of a copy of the order, the applicant must deliver a copy of the order—

(a)

as soon as reasonably practicable, to the SMCL administrator; and

(b)

within five business days, to—

(i)

the registrar of companies; and

(ii)

all persons to whom a copy of the application was delivered under paragraph (2).