Section 460: Restrictions on power to appoint.

(1) This section applies where an administrator of a company is appointed—
(a) under section 450 of this Act; or
(b) on an administration application made by the company or its directors.
(2) An administrator of the company shall not be appointed under section 449 of this Act within 12 months beginning with the date on which the appointment referred to in subsection (1) ceases to have effect.