(1) The Court may, on application to it by the Board, make an order on such terms and subject to such directions as to notification of relevant parties as it may think suspending a trustee of a scheme or trust RAC from being a trustee of the scheme or trust RAC to which the application relates -
(a) pending completion of an investigation by or on behalf of the Board into the state and conduct of the scheme or trust RAC,
(b) where proceedings have been instituted against him for an offence involving dishonesty or deception and have not been concluded,
(c) where a petition has been presented to the Court for an order adjudging him bankrupt and proceedings on the petition have not been concluded,
(d) where the trustee is a company, if a petition for the winding up of the company has been presented to the Court and proceedings on the petition have not been concluded,
(e) where an application has been made to the Court for a disqualification order against him under Part VII of the Companies
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