§ 73 After Clause 18, insert the following new clause—
- 'Genera! duties
.—(1) The administrator of a company shall, on his appointment, take into his custody or under his control all the property to which the company is or appears to be entitled.
(2) The administrator of a company shall manage the affairs, business and property of the company—
- (a) at any time before proposals have been approved (with or without modifications) under section 26 below, in accordance with any directions given by the court; and
- (b) at any time after proposals have been so approved, in accordance with those proposals as from time to time revised, whether by him or a predecessor of his.
(3) The administrator of a company shall summon a meeting of the company's creditors if—
- (a) he is requested, in accordance with the rules, to do so by one-tenth, in value, of the company's creditors; or
- (b) he is directed to do so by the court.'