Section 516: Form and extent of consent.

(1) Consent, for the purposes of section 513 (2) (b) of this Act, may be—
(a) written; or
(b) signified at a creditors’ meeting.
(2) An administrator’s term of office may be extended by consent only once, provided that it shall not be extended by consent after—
(a) expiry; and
(b) extension by order of the Court.
(3) Where an administrator’s term of office is extended by consent, he shall, as soon as is reasonably practicable—
(a) file notice of the extension with the Court; and
(b) notify the Commission.
(4) An administrator who fails, without reasonable excuse, to comply with subsection (3) commits an offence.