Section 214: Administration

214. Administration (1) The administration of a company begins when an administrator is appointed. (2) The administration of a company ends where— (a) a deed of company arrangement is executed by the company and the deed’s administrator; (b) the company’s creditors resolve that the administration should end; (c) the company’s creditors appoint a liquidator by a resolution passed at a watershed meeting; or (d) any of the circumstances set out in subsection (3) occurs. (3) The administration of a company may end where— (a) the Court orders that the administration end because it is satisfied that the company is solvent, or that for any other sufficient reason the administration should cease, and the administration ends on the date specified in the order or, if no date is specified, when the order is made; (b) the convening period expires without a watershed meeting having been held or without an application having been made to extend it, and the administration ends at the end of that period; (c) an application has been made to the Court to extend the convening period, which has expired after the application was made, and the administration ends when the application is refused or otherwise disposed of without the convening period being extended; (d) a watershed meeting ends without a resolution that the company execute a deed of arrangement, and the administration ends at the end of that meeting; (e) the company fails to execute a proposed deed of company arrangement within the time allowed by section 261 (2) and the administration ends when that time expires; or (f) the Court appoints a liquidator or an interim liquidator and the administration ends at the time when the order is made. [Issue 3] I14 – 126 Revised Laws of Mauritius Section B – Appointment of administrator