Business, 09.04.2021 14:00 webbhlharryteach

The directors ofMaendeleo ltd have recently appointed an administrator to help rescue the company from its financial difficulties. The directors are aware that a consequence of
administration is that jthe powers of the board are suspended and the administrator assumes the
day to day management of the company. However, the directors are unsure whether they are
legally required to make any parties aware of the appointment
Required:
a) Explain the legal requirements regarding announcement and notification of the
appointment
b) Explain the time limit for undertaking the above requirements

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