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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 December 2021 - onwards
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558ZX. General provisions as to process advisers - resignation, filling of vacancy, etc.

(1) Where the person appointed as the process adviser of an eligible company -

(a) dies,

(b) becomes incapable (whether through ill-health or otherwise) of performing the functions of a process adviser in relation to the eligible company,

(c) resigns as process adviser, or

(d) is no longer qualified to perform the functions conferred on a process adviser by this Act,

the directors of the eligible company shall, as soon as practicable after becoming aware of the fact, consider whether to pass a resolution appointing another person as process adviser.

(2) Where the directors of the eligible company pass a resolution appointing a new process adviser, they shall, within 48 hours of the appointment -

(a) deliver notice of the appointment to -

(i) the Registrar, and

(ii) the office of the relevant court,

and

(b) give notice of the appointment to the persons mentioned in subsection (3).

(3) The persons are -

(a) employees of the eligible company,

(b) members of the eligible company,

(c) credi

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