(1) In the Special Liquidation Order, the Minister shall appoint one or more than one person for the purpose of the winding up of IBRC (in this Act referred to as a "special liquidator").
(2) In deciding to appoint a person as a special liquidator, the Minister shall satisfy himself or herself that each person to be appointed has the appropriate level of skill, knowledge and qualifications required to perform the functions of a special liquidator pursuant to this Act.
(3) The Minister shall only appoint a person as a special liquidator if that person -
(a) is an individual, and
(b) is not precluded from acting as a liquidator of a company under section 300A(1) of the Act of 1963.
(4) The terms and conditions of appointment of a special liquidator shall be as fixed by the Minister.
(5) The Minister may at any time remove a special liquidator for any reason and appoint another person as a special liquidator.
(6) A special liquidator may also be appointed as a receiver by the Bank and in
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